Usage of Digital Payments – Pre and Post Demonetization
G. Maheswari1, Justin Thomas Philip2
1Dr. G. Maheswari, Assistant Professor, Department of Commerce, Madras Christian College, Chennai (Tamil Nadu), India.
2Justin Thomas Philip, Assistant Professor, Department of Commerce, Madras Christian College, Chennai (Tamil Nadu), India.
Manuscript received on 30 November 2019 | Revised Manuscript received on 22 December 2019 | Manuscript Published on 31 December 2019 | PP: 287-289 | Volume-8 Issue-4S3 December 2019 | Retrieval Number: D10591284S319/2019©BEIESP | DOI: 10.35940/ijrte.D1059.1284S319
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© The Authors. Blue Eyes Intelligence Engineering and Sciences Publication (BEIESP). This is an open access article under the CC-BY-NC-ND license (http://creativecommons.org/licenses/by-nc-nd/4.0/)
Abstract: Emerging changes of ICT (Information and Communications Technology) and the impact of demonetization accelerated various digital initiatives. Demonetization focuses on increasing usage of digital transactions in all the areas. This helps to investigate the usage pattern of digital payments before and after demonetization. The outcome of the study shows that using E-Wallets, Mobile app, net banking, credit card, and debit card has increased after demonetization and using of cheque has decreased after demonetization. This shows that the people adapted to the digital payment system because the technology made them with ease.
Keywords: Digital Payment System, Demonetization, Cashless Transactions, Digital Wallets, E-Payments and Online Payments.
Scope of the Article: Digital Rights Management