Volume : IX, Issue : V, May - 2020

A STUDY ON ELECTRONIC PAYMENT SYSTEM IN INDIA

Mrs. Vidyalaxmi M. N

Abstract :

Change is the most essential tool to live in this era. The world has seen tremendous changes on economic progress and mankind is responsible for this giant leap of change that benefits us today. The side effects of this change in the process have, however been loss of biodiversity, climatic change, environmental damage etc. Bank is also not exception for this. This paper tries to find out how through the Green Banking the banks developed the electronic payment system in India and analysed ICT based payment and settlement service. In recent years Indian banking system have been progressing in order to modernise according to the developing system. This research is focused on only payment and settlement system and it is based on secondary data sources. Data consists ICT based payment system services provided by RBI and banking institutions in India as well as level of transaction volume, value, as well as threats of electronic payment system and suggests applicable measures to enhance payment system.

Article: Download PDF    DOI : https://www.doi.org/10.36106/paripex  

Cite This Article:

A STUDY ON ELECTRONIC PAYMENT SYSTEM IN INDIA, Mrs. Vidyalaxmi M.N PARIPEX-INDIAN JOURNAL OF RESEARCH : Volume-9 | Issue-5 | May-2020

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