International Journal of Emerging Trends in Science & Technology

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A Conceptual Study on Benefits of Electronic Payment System During Demonetization


Affiliations
1 Department of Management, M. Kumarasamy College of Engineering, Karur, Tamil Nadu, India
     

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Demonetization is the act of stripping a money unit of its position as legal tender. It is essential, whenever there is a change of national money. The older unit of money must be retired and replace with a new money unit. This paper suggest the positive impact of Demonetarization on Electronic payment by providing numerical data on how the volumes of transaction increased during the period in which Demonetarization was implemented in India.

Keywords

Credit Card, Debit Card, E-money, Electronic Fund Transfer, Mobile Banking, Smart Card.
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  • A. Musa, H. U. Khan, and K. A. Alshare, “Factors influence consumers adoption of mobile payment devices in Qatar,” International Journal of Mobile Communications, vol.13, no. 6, pp. 670-689, September 2015.

  • B. Vatanasombut, M. Igbaria, A. C. Stylianou, and W. Rodgers, “Information systems continuance intention of web-based applications customers: The case of online banking,” Information & Management, vol. 45, no. 7, pp. 419-428, 2008.

  • J. Yang, M. Whitefield, and R. Bhanot, “E-Banking in rural area - recent trend and development: A case study,” Communications of the IIMA, vol. 5, no. 4, 2005.

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  • A Conceptual Study on Benefits of Electronic Payment System During Demonetization

Abstract Views: 412  |  PDF Views: 0

Authors

K. Malarkodi
Department of Management, M. Kumarasamy College of Engineering, Karur, Tamil Nadu, India
S. Prasanna
Department of Management, M. Kumarasamy College of Engineering, Karur, Tamil Nadu, India
R. Renukadevi
Department of Management, M. Kumarasamy College of Engineering, Karur, Tamil Nadu, India

Abstract


Demonetization is the act of stripping a money unit of its position as legal tender. It is essential, whenever there is a change of national money. The older unit of money must be retired and replace with a new money unit. This paper suggest the positive impact of Demonetarization on Electronic payment by providing numerical data on how the volumes of transaction increased during the period in which Demonetarization was implemented in India.

Keywords


Credit Card, Debit Card, E-money, Electronic Fund Transfer, Mobile Banking, Smart Card.

References