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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.
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  • 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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Impact Factor
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UGC Approved
Journal no 47859

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