Analysis of Digital Transformation in Payments Method and Its Impact After COVID - 19

  • Unique Paper ID: 157183
  • Volume: 9
  • Issue: 6
  • PageNo: 156-159
  • 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.

Copyright & License

Copyright © 2025 Authors retain the copyright of this article. This article is an open access article distributed under the Creative Commons Attribution License which permits unrestricted use, distribution, and reproduction in any medium, provided the original work is properly cited.

BibTeX

@article{157183,
        author = {Sam Prince Franklin K and Prabhakaran R and Pranav Sumesh and Akshay Sripriya},
        title = {Analysis of Digital Transformation in Payments Method and Its Impact After COVID - 19},
        journal = {International Journal of Innovative Research in Technology},
        year = {},
        volume = {9},
        number = {6},
        pages = {156-159},
        issn = {2349-6002},
        url = {https://ijirt.org/article?manuscript=157183},
        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.},
        keywords = {Unified Payment Interface, Cashless Payments, Transactional Security, Customer Satisfaction,
Digital Financial Services.},
        month = {},
        }

Cite This Article

  • ISSN: 2349-6002
  • Volume: 9
  • Issue: 6
  • PageNo: 156-159

Analysis of Digital Transformation in Payments Method and Its Impact After COVID - 19

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