A Study and Analysis on Consumers Perception Regarding the Cashless Transactions with Reference to G-pay in Mysuru

1K.T. Ithihas and N. Raghavendra

219 Views
55 Downloads
Abstract:

Cashless economies are those that utilization for the most part plastic or advanced cash and in this way insignificant money or cash in paper structure. The simplicity of leading budgetary exchanges is most likely the greatest helper to go computerized. The examination builds up a theoretical system to comprehend the working of cashless economy. The paper features the different goal of being cashless. It examines the various strategies for cashless installment and the fundamentals for being cashless. The advantages of making a nation cashless have likewise been incorporated. The examination additionally clarifies the obstacles coming in the method for making an economy cashless. The examination looks at the impact of receiving cashless installment on financial development and advancement of the creating nations. The set up together provides us significant strategy guidance towards what can empower the nation to increment cashless installments. The progress of advancement and exercises of government have added to the improvement of versatile installment. Because of innovation, versatile clients would nowadays be able to utilize their advanced cells to profit exchange or installment applications introduced on the telephone. The RBI and the Administration are endeavoring a few endeavors to decrease the utilization of money in the economy by advancing the computerized/installment gadgets, RBI's push to empower these new assortments of installment and repayment offices means to accomplish the target of a 'less money' society.

Keywords:

Digital Transaction, Consumer, Cashless Economy in India.

Paper Details
Month2
Year2020
Volume24
IssueIssue 3
Pages1105-1110