DIGITAL PAYMENTS -- AN INTRODUCTION A report by investment banking firm Credit Suisse has pegged the digital payment market in India to grow USD 1 trillion by 2023. That is a fivefold increase over an estimated USD 200 billion in digital transactions till 2018. These are amazing figures considering the fact that India's literacy rate is still near 70% and per capita income was approximately Rs. 1,11,782 only in FY 2017-18. Can we say that going for a cashless India is another step towards accelerating progress? Well if that is the case, then the meaning, concept, implications, effects, and counter-effects of digital financial services need to be understood very well by one and all. Users of digital services have the right and duty to know the what, where, why, who, when and how of the digital payment landscape so as not to be cheated of their hard earned money. Digital payments are not just about transfer of money from one person to another without using actu...