An overview on Digital Payments! There is no doubt that Digital Payments has made life easy and simple, however there are many concerns also that are arising out of Digital Payment In India. It is important to make sure that the entry should be by ensuring quite high degree related to inclusiveness in different kinds of service providers, thereby making sure about the level of playing field, and even to make sure that both of them have small and large players that can enter in this industry. The main concerns about regulators in financial sphere usually revolve around below mentioned point: - Maintaining the monetary stability - Raising the efficiency of economic condition - Enhancing the access to various financial services - Ensuring the monetary integrity - Focus on consumer protection - Providing rapid accessibility of services for masses with the heterogeneous needs. Given complete focus of the financial regulators to make sure about financial stability, it is quite natural to have the bank focus. However, disruption of the deals of financial stability with systemically significant payment systems does not provide retail Upi Payment In India, particularly about micro-magnitude. Such kind of the distinctiveness of retail as well as micro-amounts must also be highly understood for avoiding stifling innovation which has potential to assist people. The close or nearby links between network service providers of Shgs In India as well as consumer must not offer the inordinate advantages to companies at cost of different players. Recently, the mobile phone is also considered to be most potent tool about financial inclusion. Though, mobile industry offering Digital Wallet Solutions is also characterized by handful of operators, this creates monopolistic industry of digital transaction that will be a possible outcome if the level playing field does not gets created. The Digital Wallet In India or platform set up through service provider that must open to various account holders in just specific time period, and also new entrants must also be permitted to use current payment infrastructures. All the firms should be allowed for digital transaction, irrespective of their size of firms. Here, large firms must not derive any kind of undue advantage from the regulatory prescriptions. It is also crucial for various different reasons. Though specific prudential norms will also be essential, they must not follow the one size fits every such approach and also according to the scale as well as scope of operations, the regulatory requirements even requires to be structured in an appropriate way. You also need to ensure the low cost access for masses which is also integrated with economy. For all digital transactions, you should also be clear about the KYC norms of the customer. If digital transactions become transformational, it is crucial to bring the unbanked customers in the fold of the payment systems. Moreover, the KYC regulations ensure financial integrity that may hamper growth of the market and also affect aim of the financial inclusion. Digital Payments offers a great variety of services which are simple to integrate with various sectors of economy.