UGC Approved Journal no 63975(19)

ISSN: 2349-5162 | ESTD Year : 2014
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Published in:

Volume 5 Issue 11
November-2018
eISSN: 2349-5162

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

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Published Paper ID:
JETIRDR06031


Registration ID:
229699

Page Number

208-213

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Title

DIGITAL PAYMENTS SYSTEM IN INDIA: A NEED CHANGING APPROACH WITH REFERENCE TO E-WALLETS

Authors

Abstract

The people are now becoming aware of this digital market and taking keen interests in doing digital payments considering it safe and secure and also saving their time and efforts in doing these transactions. On the other hand there are still some countries in South Asia which are still following the cash based economy and are having a very low speed in witnessing the success of cashless transactions and these countries are Bangladesh, Sri Lanka and Nepal but now these countries are gearing up themselves in making their countries digital by transforming to non-cash based transactions. They are actually dependent for more than 90% on cash transaction which is less cost affective. Now with the rapid growth in mobile sector in Asia they are also witnessing growth in digital payment market. Electronic Wallet is another form of digital payment method, it is an electronic form of debit and credit card which authorises you to do financial transactions on your command. These Digital wallets can be accessed basically through a smart phone but alternatively you can access these through laptop and computers also from anywhere in the world with ease of access. Digital wallets are now facilitated by majority of online stores and service providers as it requires very less IT infra to setup all you have to have is just a smartphone with internet connection working to receive the money. Add on advantage of digital wallet is that these wallets are linked with other services also like bus ticket, railway ticket, movie tickets, utility payments, recharges of cell phones and shopping vouchers etc.

Key Words

Classification of Image using Convolutional Neural Network

Cite This Article

"DIGITAL PAYMENTS SYSTEM IN INDIA: A NEED CHANGING APPROACH WITH REFERENCE TO E-WALLETS", International Journal of Emerging Technologies and Innovative Research (www.jetir.org), ISSN:2349-5162, Vol.5, Issue 11, page no.208-213, November 2018, Available :http://www.jetir.org/papers/JETIRDR06031.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

"DIGITAL PAYMENTS SYSTEM IN INDIA: A NEED CHANGING APPROACH WITH REFERENCE TO E-WALLETS", International Journal of Emerging Technologies and Innovative Research (www.jetir.org | UGC and issn Approved), ISSN:2349-5162, Vol.5, Issue 11, page no. pp208-213, November 2018, Available at : http://www.jetir.org/papers/JETIRDR06031.pdf

Publication Details

Published Paper ID: JETIRDR06031
Registration ID: 229699
Published In: Volume 5 | Issue 11 | Year November-2018
DOI (Digital Object Identifier):
Page No: 208-213
Country: -, -, - .
Area: Engineering
ISSN Number: 2349-5162
Publisher: IJ Publication


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