#DigitalPaymentMarket Countries all across the world use ICT technology to boost digital payment market. Various attempts are being undertaken by governments to automate the payment process. One of the key growth imperatives for a country's economy is digital payment. It has the potential to raise productivity and economic growth, improve transparency, increase tax revenue, extend financial inclusion, and provide end users with new economic options.

#DigitalPaymentMarket The switch to digital payments and receipts offers some obvious advantages, particularly for small enterprises. Consumers and companies are now expecting digital payments to be accessible for faster and more secure payments with no risk or fees. The payer possesses a mobile phone, which allows for further validation by fingerprint or other verification or biometric approach, so reducing risk. Going cashless has various advantages for commercial transactions as well.