[1] Semester II, LLM (Corporate and Commercial Law), CHRIST (Deemed to be University), Bengaluru, India.

[2] Professor, CHRIST (Deemed to be University), Bengaluru, India.

[3] Bharat Interface for Money (BHIM) is a payment app that lets you make simple, easy and quick transactions using Unified Payments Interface (UPI). You can make direct bank payments to anyone on UPI using their UPI ID or scanning their QR with the BHIM app. You can also request money through the app from a UPI ID. Available https://www.bhimupi.org.in/about-bhim (last accessed on February 24, 2024).

[4] Shri Inder Pal Singh Seth, Digital payments driving the growth of digital economy, Emblem,https://www.nic.in/blogs/digital-payments-driving-the-growth-of-digital-economy/, (Last Accessed on March 10, 2024).

[5]Rahul Chari, The evolution of digital payments and its impact on consumer spending (2023) Times of India Blog, Febraury 2023, https://timesofindia.indiatimes.com/blogs/voices/the-evolution-of-digital- payments-and-its-impact-on-consumer-spending/,( Last Accessed on March 10, 2024 )

[6]  Patel. R, Security Concerns & Solutions in Digital Payment Landscape, Security concerns & solutions in digital payment landscape, April 2023, https://www.digipay.guru/blog/security-concerns-and-solutions- in-digital-payment/

[7] PayPal registers with FIU of India under anti-money laundering law. (2024, February 20). www.business-standard.com. https://www.business-standard.com/companies/news/paypal-registers-with-fiu-of-india-under-anti-money-laundering-law-124022000538_1.html

[8] Payment Aggregators and Gateways - India’s Regulatory Framework - azb. (2022, April 29). Azb. https://www.azbpartners.com/bank/payment-aggregators-and-gateways-indias-regulatory-framework/ Last Accessed 10 March, 2024.

[9] Discussion Paper on Guidelines for Payment Gateways and Payment Aggregators; Reserve Bank of India Department of Payment and Settlement Systems [available on https://rbidocs.rbi.org.in/rdocs/PublicationReport/Pdfs/DPSSDISCUSSIONPAPEREFCF5B7E17F9431185BD4FD57E540F47.PDF] last accessed on March 10, 2024

[10] FM Contributors, The Evolution of Digital Payments and E-Commerce, April 2023,https://www.financemagnates.com/fintech/payments/the-evolution-of-digital-payments-and-e-commerce/, Last Accessed March 9, 2024

[11] Tech, B. (2023, December 26). Online Dispute Resolution (ODR)-101 - Backspace Tech - Medium. Medium. https://backspace-tech.medium.com/online-dispute-resolution-odr-101-e92d0fa02dab. Last Accessed on March 10, 2024.

[12] A Perspective on the Current Regulations on Payment Aggregators. (n.d.). Singhania & Partners. https://singhania.in/blog/a-perspective-on-the-current-regulations-on-payment-aggregators?utm_source=mondaq&utm_medium=syndication&utm_term=Technology&utm_content=articleoriginal&utm_campaign=article, Last Accessed on March 10,2024.