• Dr. Medha Kanetkar

The demonetization brought a cashless economy into existence, which was and will always be a great benefit to everyone. The cashless economy though affected the small vendors but bought them also into the same business. The idea of going cashless bought into existence the online payment activity that was beneficial for the Indian economy growth, better diversification and easy transfers of the materials. The most effective online payment system, which raised, was 'PAYTM'. Paytm the app which helps to transfer money without actual transferring the money i.e. paytm allows online money transfer from customer to vendor. Nowadays Paytm is the hottest and the most popular thing in everyone's daily and simple life

Paytm, Demonetization, cashless economy, easy transfer of money.

"Demonetization: Rises the Most Effective Online Payment System, 'PAYTM'", International Journal of Emerging Technologies and Innovative Research (www.jetir.org), ISSN:2349-5162, Vol.6, Issue 5, page no.366-380, May-2019, Available :http://www.jetir.org/papers/JETIRCE06047.pdf

"Demonetization: Rises the Most Effective Online Payment System, 'PAYTM'", International Journal of Emerging Technologies and Innovative Research (www.jetir.org | UGC and issn Approved), ISSN:2349-5162, Vol.6, Issue 5, page no. pp366-380, May-2019, Available at : http://www.jetir.org/papers/JETIRCE06047.pdf