Government of India through initiative a Digital India it is a development and growing India economy. The new technological progress has made Smartphone bank apps transactions, device usage and digital users can make money transactions for digital payments by using applications installed in phones. They are overall digitized transactions that are fully challenged and creating opportunities for every person that they are greatest opportunities and challenges are slowly acceptability. Safety and Security is a most concerning issue to people. The implementation taken by RBI is ensuring safety and security in digital payment systems. RBI has taken various initiatives towards regulating banks in creating cyber security and safety. They create awareness and educate people followed by new implementation to realize and utilization the benefits of a digital transaction.