The Rise of “Invisible Money”: How Digital Payments Changed Spending Habits

The Rise of “Invisible Money”: How Digital Payments Changed Spending Habits

In the last decade, the way people move, store, and spend money has undergone a dramatic transformation. Cash-once the default mode of payment-has rapidly been replaced by digital transactions. Whether through UPI, mobile wallets, tap-and-pay cards, or online banking, money now moves behind the scenes. This shift has introduced a new concept into everyday life:…

How Payments Progressed in India
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How Payments Progressed in India – A Year-Wise History

India’s payment ecosystem moved from cash and paper instruments toward an interoperable digital system in under two decades. Major milestones include RTGS (2004), NEFT (2005), IMPS (2010), UPI (2016) and successive innovations like AePS, BBPS, UPI Lite, and credit-on-UPI. Policy pushes such as demonetisation (2016) accelerated adoption, while RBI and NPCI ensured scalability, safety, and…