Understanding Risk in Payment Gateways in India
In the burgeoning digital landscape of India, the growth of online transactions has been meteoric. With this surge comes the increasing importance of payment gateways—crucial intermediaries that facilitate seamless financial transactions between customers and merchants. However, alongside convenience and speed, these gateways also bring inherent Risk Payment Gateway India that need careful management. This article delves into the nature of these risks in the context of India's payment ecosystem and explores strategies for mitigating them. The Rise of Digital Transactions India's digital payment market has witnessed unprecedented growth, driven by the proliferation of smartphones, affordable internet access, and government initiatives like Digital India and demonetization. Payment gateways have become indispensable in this scenario, providing the infrastructure that enables businesses to accept payments through various digital modes, including credit and debit cards, net b...