The Impact of Demonetization on Digital Payment Transactions: A Statistical Study

Manocha, Sahil; Kejriwal, Ruchi; Upadhyaya, Akanksha

doi:10.2139/ssrn.3446558

Cited by 4 publications

(1 citation statement)

References 1 publication

Supporting

Mentioning

Contrasting

Order By: Relevance

“…This study concluded that DLT can be used for payments, clearing, and settlement, including cross-border payments, to transfer and record the ownership of digital assets, to store information immutably and securely, to support identity management, and to other developing processes. Manocha et al, (2019) studied that the researchers highlighted and said in their research that the number of transactions through e-wallets reportedly grew from 17 lakhs per day to 63 lakhs per day after gathering secondary data from numerous research papers and articles. Also, it was observed that small market vendors began installing Point of Sales (POS) devices inside their establishments to take payments online in several major cities.…”

Section: Review Of Literaturementioning

confidence: 99%

An Investigation of the Customer Preferences Towards Digital Payments in India

2023

IRJMETS

View full text Add to dashboard Cite

A promising success story is developing around India's digital payment system thanks to recent governmental changes and technological developments. The results also show a concurrent rise in the use of cash. The majority of global markets are being replaced by more sophisticated exchanges, and India is no exception. Several studies have shown that an efficient payment system will speed up the movement of liquidity in an economy. The use of technology in transactions is the best approach to be adaptable and offer superior customer service in the age of digitization. The goal of the study is to understand consumers' opinions of online and digital payment security in today's connected technology environment. This study helps marketers comprehend how consumers feel about different forms of cashless payment. The study is qualitative and uses literature studies to analyze the idea of digital transactions. A qualitative research methodology was used to collect data. The results reveal that even though many consumers still favor cash transactions, a sizable portion still favors digital payments because of their usability, accessibility, and security. The results show that the main variables impacting the adoption of digital payments in India are illiteracy, a lack of awareness, and trust in the online payment system. The study suggests increasing awareness of digital payments and offering proper security measures to reduce the hazards related to them.

show abstract

Section: Review Of Literaturementioning

confidence: 99%

An Investigation of the Customer Preferences Towards Digital Payments in India

2023

IRJMETS

View full text Add to dashboard Cite

show abstract

Secure UPI: Machine Learning-Driven Fraud Detection System for UPI Transactions

Rani,

Alam,

Javed

2024

2024 2nd International Conference on Disruptive Technologies (ICDT)

View full text Add to dashboard Cite

Promoting Economic Sustainability Through the Adoption of Digital Payment Systems

Shankaranarayana,

Ramaswamy,

Bagrecha

et al. 2023

The Sustainable Fintech Revolution

View full text Add to dashboard Cite

Promoting economic sustainability through the adoption of digital payment is of great significance for the long-term development of a country. Minimizing the environmental impact and promoting cost savings can lead to economic growth and development. This chapter examines the adoption of digital payment systems and its impact on sustainability initiatives. A survey of 450 mobile consumers in Karnataka revealed that awareness level towards digital payment systems is 93%, and UPI is the most preferred mode of digital payments, based on linear regression and using SPSS. It is also seen that time saved and ease of maintenance for each banking transaction has an impact on economic sustainability. All the respondents were aware of the components of sustainable development, and most were willing to contribute towards economic sustainability, though threat due to fraud is still a matter of concern for most of the users. This study provides insights into factors that promote economic sustainability in the context of adoption of digital payment systems.

show abstract

The Impact of Demonetization on Digital Payment Transactions: A Statistical Study

Cited by 4 publications

References 1 publication

An Investigation of the Customer Preferences Towards Digital Payments in India

An Investigation of the Customer Preferences Towards Digital Payments in India

Secure UPI: Machine Learning-Driven Fraud Detection System for UPI Transactions

Promoting Economic Sustainability Through the Adoption of Digital Payment Systems

Contact Info

Product

Resources

About