UGC Approved Journal no 63975(19)

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Published in:

Volume 6 Issue 1
January-2019
eISSN: 2349-5162

UGC and ISSN approved 7.95 impact factor UGC Approved Journal no 63975

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Published Paper ID:
JETIR1901A80


Registration ID:
196007

Page Number

636-648

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Title

ANALYSIS OF IMPACT OF DIGITALIZED PAYMENT METHODS ON SELECT GROUP WITH SPECIAL REFERENCE TO LUCKNOW DISTRICT

Abstract

The rapid growth of digitalization in India over the past few years has influenced the lives of almost every Indian citizen especially the business and service class people. After a drastic decision of note ban in November 2016, the concept of cashless economy and the digital India programme has flourished with wider pace. A cashless economy is one in which all financial transactions are done through digital mode without the use of currency of different denominations .The Digital India programme is a flagship programme of the Government of India to transform India into digitally empowered society and making Indian economy as “faceless,cashless,paperless”. As India is cash dominated country where only 2% estimated share of payments are done by non-cash methods while in Singapore 61% of the payments are done through non-cash methods, it is very important to transit the whole system of the country in order to attain the status of cash less economy. This study aims to find out the impact and point of view of business class and service class people regarding cashless payment system on their day to day transactions. This study aims to find out the negative and positive impact of cash-less and digital payment methods like mobile wallets, UPI, banking cards, internet banking etc.on business and service people. It also covers the challenges and opportunities faced of this transition period from cash to cashless economy and comparative analysis has been done among the two most important class of the society in order to draw the conclusions on their perspective, adaptability and difficulties faced in cash-less transaction. The study lastly covers the suggestions and recommendations which can be utilized to cover-up the challenges faced by digital transactions measures and hurdles faced by the business and service class people in adopting the cashless transactions facility. A real impact on the daily transactions people regarding digital transactions is studied in this paper.

Key Words

: Digitization, Cashless economy, Digital India, UPI, Mobile Wallets

Cite This Article

"ANALYSIS OF IMPACT OF DIGITALIZED PAYMENT METHODS ON SELECT GROUP WITH SPECIAL REFERENCE TO LUCKNOW DISTRICT", International Journal of Emerging Technologies and Innovative Research (www.jetir.org), ISSN:2349-5162, Vol.6, Issue 1, page no.636-648, January-2019, Available :http://www.jetir.org/papers/JETIR1901A80.pdf

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2349-5162 | Impact Factor 7.95 Calculate by Google Scholar

An International Scholarly Open Access Journal, Peer-Reviewed, Refereed Journal Impact Factor 7.95 Calculate by Google Scholar and Semantic Scholar | AI-Powered Research Tool, Multidisciplinary, Monthly, Multilanguage Journal Indexing in All Major Database & Metadata, Citation Generator

Cite This Article

"ANALYSIS OF IMPACT OF DIGITALIZED PAYMENT METHODS ON SELECT GROUP WITH SPECIAL REFERENCE TO LUCKNOW DISTRICT", International Journal of Emerging Technologies and Innovative Research (www.jetir.org | UGC and issn Approved), ISSN:2349-5162, Vol.6, Issue 1, page no. pp636-648, January-2019, Available at : http://www.jetir.org/papers/JETIR1901A80.pdf

Publication Details

Published Paper ID: JETIR1901A80
Registration ID: 196007
Published In: Volume 6 | Issue 1 | Year January-2019
DOI (Digital Object Identifier):
Page No: 636-648
Country: LUCKNOW, UTTAR PRADESH, India .
Area: Commerce
ISSN Number: 2349-5162
Publisher: IJ Publication


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