An Analysis on the Rise in Digital Transactions in India

Download or read book An Analysis on the Rise in Digital Transactions in India written by Rajat Rajesh Narsapur and published by . This book was released on 2020 with total page 0 pages. Available in PDF, EPUB and Kindle. Book excerpt: Digital Transactions and Payments are transparent and non-repudiable. This provides a way for a consumer to install trust within the system of Digital Payments. India is the second most populous country in the world, and hence it is important to look at the existing setup of Digital Payment Systems and the response by the users in terms of volumes of transactions that have been settled. This paper discusses the different types of digital payment systems in India and the rise of transactions through the Digital Medium. The paper draws the impact of Demonetization of Five Hundred and Thousand Rupee notes towards the rise of Digital Payments in India. The paper analyzes the amount of transactions through digital modes in the recent years. The paper concludes with the challenges and the impact of COVID-19 on Digital Payment Systems.