Remonetization and India's Journey to a Cashless Economy Through Payments Banks
Dr. Chabi Gupta
, Prof. Dr. Kshama Agarwal
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.
"Remonetization and India's Journey to a Cashless Economy Through Payments Banks", IJSDR - International Journal of Scientific Development and Research (www.IJSDR.org), ISSN:2455-2631, Vol.3, Issue 9, page no.70 - 76, September-2018, Available :https://ijsdr.org/papers/IJSDR1809011.pdf
Volume 3
Issue 9,
September-2018
Pages : 70 - 76
Paper Reg. ID: IJSDR_180613
Published Paper Id: IJSDR1809011
Downloads: 000346998
Research Area: Management
Country: NOIDA, Uttar Pradesh, India
ISSN: 2455-2631 | IMPACT FACTOR: 9.15 Calculated By Google Scholar | ESTD YEAR: 2016
An International Scholarly Open Access Journal, Peer-Reviewed, Refereed Journal Impact Factor 9.15 Calculate by Google Scholar and Semantic Scholar | AI-Powered Research Tool, Multidisciplinary, Monthly, Multilanguage Journal Indexing in All Major Database & Metadata, Citation Generator
Publisher: IJSDR(IJ Publication) Janvi Wave
