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International Journal for Research Trends and Innovation
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ISSN Approved Journal No: 2456-3315 | Impact factor: 8.14 | ESTD Year: 2016
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Issue: April 2026
Volume 11 | Issue 4
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Impact Factor : 8.14
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| Paper Title: | Study On Digital Payment Gateways And Its Impact On The Fiscal Market Of India |
| Authors Name: | Vansh Agarwal |
| Download E-Certificate: | Download |
| Author Reg. ID: |
IJRTI_210086
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| Published Paper Id: | IJRTI2603031 |
| Published In: | Volume 11 Issue 3, March-2026 |
| DOI: | |
| Abstract: | The paper is simply examining the impact the massive accelerated digitalization of finance is having on the manner in which we conduct business, the manner in which governments raise cash and the manner in which we make everything transparent. In India, there are massive changes in digital payment gateways- the economy is undergoing a transition of cash to the entirely digital cashless system. We will unantaunt the role these gateways have fulfilled and its effects on the financial market of India particularly in regards to efficiency of transactions, transparency, tax compliance and even formalization of the economy. The digital payment gateways have become like intermediaries that facilitate the flow of funds between the consumers, businesses and banks. Through technologies like UPI, card-based systems, mobile wallets, and online aggregators, the cost of transactions has been reduced by slashing it and everything now processes in real-time. Their adoption in urban and semi-urban India has skyrocketed owing to an increase in the number of smart phones, improved internet connectivity and pro-technological government policies. The secondary data was sourced via credible materials, such as the releases of RBI and NPCI, government policies and the publications of scholarly papers. To support our findings, we used the stats methods which include percentage analysis, correlation, hypothesis testing. We discovered that the digital payment gateways have greatly increased the efficiency of transactions through the decrease of processing time, the reduction of cash processing and handling costs and the basic simplification of the entire process both to the consumer and the business. Such instant payment enhances the cash of the fiscal market and supports cash management and financial planning. In addition, the connection of digital payment records with the banking systems strengthens the financial tracking process and reduces the risks of unreported revenues or unofficial business. Among the largest effects is the fact that these gateways increase fiscal transparency and tax compliance. The digit footprints leave an electronic trail that facilitates the ease of tracking the flow of money, which is the reason that the government is vigorously pushing the expansion of the tax base and growth of revenue. We observed that indirect tax compliance has been increased with digital payment on which reporting and audit have become less complicated. This transformation increases the amount of tax revenue and reduction in leakages. Digital payment gateways still have room to get even better with policy interventions that would promote digital transactions and assist with small businesses. |
| Keywords: | Digital Payments , Payment Gateways , Fiscal Policy , Tax Revenue , Financial Inclusion , Digital Economy |
| Cite Article: | "Study On Digital Payment Gateways And Its Impact On The Fiscal Market Of India", International Journal for Research Trends and Innovation (www.ijrti.org), ISSN:2456-3315, Vol.11, Issue 3, page no.a209-a236, March-2026, Available :http://www.ijrti.org/papers/IJRTI2603031.pdf |
| Downloads: | 000147 |
| ISSN: |
2456-3315 | IMPACT FACTOR: 8.14 Calculated By Google Scholar| ESTD YEAR: 2016 An International Scholarly Open Access Journal, Peer-Reviewed, Refereed Journal Impact Factor 8.14 Calculate by Google Scholar and Semantic Scholar | AI-Powered Research Tool, Multidisciplinary, Monthly, Multilanguage Journal Indexing in All Major Database & Metadata, Citation Generator |
| Publication Details: |
Published Paper ID: IJRTI2603031
Registration ID:210086
Published In: Volume 11 Issue 3, March-2026
DOI (Digital Object Identifier):
Page No: a209-a236 Country: Noida, Uttar Pradesh, India Research Area: Commerce Publisher : IJ Publication Published Paper URL : https://www.ijrti.org/viewpaperforall?paper=IJRTI2603031 Published Paper PDF: https://www.ijrti.org/papers/IJRTI2603031 |
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ISSN: 2456-3315
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