Volume : VII, Issue : VII, July - 2017

A STUDY ON THE IMPACT OF DEMONETIZATION ON ELECTRONIC PAYMENT SYSTEM

Irene Elsa Mani

Abstract :

 Demonetization is a generations’ memorable experience and is going to be one of the economic events of our time. Its impact is felt by every Indian citizen. It is a radical monetary step in which a currency units status as a legal tender is declared invalid. The demonetization has several aims of eradicating black money, removing counterfeit notes, stopping money laundry and so on. Apart from these direct and primary aims it focuses on encouraging cashless transactions as well. Cashless transaction uses credit and debit cards, online payment gateways and digital wallets for financial transactions. This conceptual paper attempts to study the demonetization process in India and its impact on cashless transactions and E–Payment System.

 

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Article: Download PDF   DOI : 10.36106/ijar  

Cite This Article:

IRENE ELSA MANI, A STUDY ON THE IMPACT OF DEMONETIZATION ON ELECTRONIC PAYMENT SYSTEM, INDIAN JOURNAL OF APPLIED RESEARCH : Volume‾7 | Issue‾7 | July‾2017

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