Analysis of Digital Transformation in Payments Method and Its Impact After COVID - 19
Author(s):
Sam Prince Franklin K, Prabhakaran R, Pranav Sumesh, Akshay Sripriya
Keywords:
Unified Payment Interface, Cashless Payments, Transactional Security, Customer Satisfaction, Digital Financial Services.
Abstract
Money transactions have changed dramatically since the barter system. The digitization period, as well as the effect of unanticipated pandemic events, compelled customers, and ordinary people to make online transactions using a variety of digital payment methods. With its compatibility and ease of use with interbank accounts, the Unified Payment Interface revolutionized the market. In India, the paradigm shift began with the announcement of the demonetization of specific Indian currency bank notes. Even though India is a cash-based economy, internet payments have seen a fast expansion in the digital infrastructure for payment gateways. This enabled India to endure the 2019 pandemic events and maintain a constant rate of money flow inside the market.
Article Details
Unique Paper ID: 157183

Publication Volume & Issue: Volume 9, Issue 6

Page(s): 156 - 159
Article Preview & Download


Share This Article

Conference Alert

NCSST-2023

AICTE Sponsored National Conference on Smart Systems and Technologies

Last Date: 25th November 2023

SWEC- Management

LATEST INNOVATION’S AND FUTURE TRENDS IN MANAGEMENT

Last Date: 7th November 2023

Go To Issue



Call For Paper

Volume 10 Issue 1

Last Date for paper submitting for March Issue is 25 June 2023

About Us

IJIRT.org enables door in research by providing high quality research articles in open access market.

Send us any query related to your research on editor@ijirt.org

Social Media

Google Verified Reviews