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Stream/Area:
-
Subject:
-
Paper ID:
10.55041/IJSREM18908
Volume:
7 |
4 |
Apr 2023
Pages:
Publication Frequency:
Monthly (12 issues per year)
License:International Journal of Scientific Research in Engineering and Management follows the Creative Commons Attribution 4.0 (CC BY 4.0) License, allowing free use and distribution with proper attribution.
India, a country where most transactions were done through cash, was moving towards a cashless economy. Post demonetization the usage rate of digital payment system took a linear growth. During the chaos caused after banning high value notes, digital payments worked as a savior. This steady rise was accelerated due to the pandemic in 2020. Cashless payment became a necessity and is now widely used in day to day transactions. This paper studies the usage of digital payments and its currents available methods. It also highlights the future growth of this sector and its possibility of replacing the traditional cash payment. The research is conducted in Mumbai with a sample size of 100 respondents. This paper concludes the relationship of awareness, technology, convenience and safety with the usage rate of digital payment gateways.
KEYWORDS
Publication Date
4/14/2023
Peer Review Type
Double-Blind Peer Review
Review Rounds: 2
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Conflict of Interest
The authors declare no conflict of interest related to this research work.
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