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INTERNATIONAL JOURNAL OF SCIENTIFIC DEVELOPMENT AND RESEARCH International Peer Reviewed & Refereed Journals, Open Access Journal ISSN Approved Journal No: 2455-2631 | Impact factor: 8.15 | ESTD Year: 2016 open access , Peer-reviewed, and Refereed Journals, Impact factor 8.15 |
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| Paper Title: | Remonetization and India's Journey to a Cashless Economy Through Payments Banks |
| Authors Name: | Dr. Chabi Gupta , Prof. Dr. Kshama Agarwal |
| Unique Id: | IJSDR1809011 |
| Published In: | Volume 3 Issue 9, September-2018 |
| Abstract: | Indian financial market is changing rapidly and emerging on the global platform. Converting 85 per cent of all cash transactions in India into digitally traceable ones was one of the Narendra Modi-led demonetization drive's goal. It is therefore hardly surprising that almost immediately after the demonetization drive, the number of e-wallet users and transactions done on the platform jumped three times. Although the number of digital transactions has fallen after Remonetization, the change in consumer behavior is discernible. The global digital push has been enabled by the development of recent technological innovations in finance such as UPI, e-signatures, e-KYC, and Aadhaar, which will become the bedrock of digital finance over the next two years. The objective of this research is to trace the move of demonetization towards Remonetization, introduction of GST and then the advent of cyptocurrency in relation to remonetization. The importance of payments banks and digital payment systems throughout all these economic moves is being highlighted in this research. |
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| Cite Article: | "Remonetization and India's Journey to a Cashless Economy Through Payments Banks", International Journal of Science & Engineering Development Research (www.ijsdr.org), ISSN:2455-2631, Vol.3, Issue 9, page no.70 - 76, September-2018, Available :http://www.ijsdr.org/papers/IJSDR1809011.pdf |
| Downloads: | 000337216 |
| Publication Details: | Published Paper ID: IJSDR1809011 Registration ID:180613 Published In: Volume 3 Issue 9, September-2018 DOI (Digital Object Identifier): Page No: 70 - 76 Publisher: IJSDR | www.ijsdr.org ISSN Number: 2455-2631 |
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