A digital payment sometimes called an electronic payment, is the transmission of worth from one payment explanation to alternative using a digital device such as a mobile phone, Point of Sales, or computer, a digital channel of communication such as mobile wireless data or SWIFT (Society for the Worldwide Interbank Financial. A deal is a completed treaty amid a buyer and a seller to conversant goods, facilities, or financial assets in return for money. The raise of digital payments has been rendered the upper most importance by the Administration of India to convey each and each section of our country below the official of digital payment amenities. Digital transactions are to decrease the expenses and risks of treatment cash, increase the ease of foremost online dealings, and increase transparency among monetary dealings between people. These applications allow you to pay when you're shopping using your device so that you do not need to carry cards around. Digital communications except for time and money, subsequent in a better bottom line. Recording transactions is a dangerous function in accounting as it provides the basis for making monetary declarations and tax revenues. It also helps in the managerial process by if information around the monetary performance of a company.

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Keywords: Digital Payment, Swift, Point of Sales, Tax Revenues, Communication.