New Delhi, Oct. 31 -- By all measures, India is marching towards becoming a digitally advanced country. The Digital India initiative is a testimony to us becoming a digital nation. Undoubtedly, all these aims to empower citizens via universal online access to government services.

In this new economy, payment systems inform and influence IT capability requirements, website and physical store design, marketing strategies and more. To push digital payments in India, Finance Minister Nirmala Sitharaman announced in the recent budget a slew of measures to reinforce the government's stand.

Business survival, let alone success, depends on digital transformation. By digitizing products, services, and processes, enterprises can gain the agility ...