top of page

Legal Control And Regulation Of Digitalization In India: A Study

Jitan Puri, LL.M, University Institute of Legal Studies, Chandigarh University, Gharuan, Mohali, Punjab

Dr. Nirmala Devi, Professor, University Institute of Legal Studies, Chandigarh University, Gharuan, Mohali, Punjab


Digitalization helps the India to grow with significant growth rate. Digitalization is also making impact on economy and other financial system of the country. In Indian economy digitalization impact very significant way on it. The banking system development and digital payment system also developed time to time. By this the payment system of India or online payment of India is one of the best in the world. India is the leading country in the internet banking although now the foreign countries also adopting the UPI system in their countries. In recent time, when the G20 submit happened in India France finance minister purchase vegetable’s in India by use of UPI just in one click. With the time we adopting the smartphone and increase of internet connectivity digitize payment system and digital work by help of computers and computer system. After the 2019 in covid period digital payment is increase rapidly. Government of India also makes efforts for development of digital system. National electronic fund transfer (NEFT) that was develop by government before 2019 NEFT transaction will be processed only between 8:00 am to 6:30 pm and only five days in the week (Monday to Friday).

UPI give tough competition to the all the companies like master card and visa but UPI is best for transaction and now adopted by the india without any problem because it is very easy to use. As we discuss the positive side we also have negative side of it. When we talk about the digitalization there is many problems as well one of the major problem is frauds. Fraud is the major problem in the internet banking system. Whenever we talk about the positive side of any system then there have also negative side and we also have to understand it for any solution or to totally understand the topic. The banking fraud is very serious crime now days. When we talk about it the victim is the one who loses money as well as peace in their life. Most of the fraud is done because of the victim negligence.


Indian Journal of Law and Legal Research

Abbreviation: IJLLR

ISSN: 2582-8878


Accessibility: Open Access

License: Creative Commons 4.0

Submit Manuscript: Click here

Open Access Logo


​All research articles published in The Indian Journal of Law and Legal Research are fully open access. i.e. immediately freely available to read, download and share. Articles are published under the terms of a Creative Commons license which permits use, distribution and reproduction in any medium, provided the original work is properly cited.


The opinions expressed in this publication are those of the authors. They do not purport to reflect the opinions or views of the IJLLR or its members. The designations employed in this publication and the presentation of material therein do not imply the expression of any opinion whatsoever on the part of the IJLLR.

bottom of page