Digital payments are projected to grow to $11.2 trillion globally by 2026 from the current $5.4 trillion at an average growth rate of 11 per cent. India is one of the fastest-growing digital payments markets with a 28 per cent growth rate that is projected to grow $1 trillion by 2025, contributing nearly 10 per cent of the global market share. Growth at such a rapid pace will be possible by addressing the following key expectations for customer, merchant, and payment system providers – frictionless check out, risk-based authentication, higher cart conversion rate, and lower chargebacks.