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Digital Payment System of MSME Vendor and Customer Attitude towards Digital Payment System

  • Unique Paper ID: 164640
  • Volume: 10
  • Issue: 12
  • PageNo: 2316-2322
  • Abstract:
  • In the current situation, Digital payments play a vital role and have many advantages over cash, such as easy transaction, security and transparency. Banking sector play a key role in digital payment by offering digital instruments such as debit cards, mobile banking, mobile wallets etc. in this pandemic situation. The pandemic could drive the world faster towards digital payments. Circumstances fuelling digital payment. Payment systems have proven that they are efficient and sustainable and continue to command a high degree of trust in the general population. However, the closure of the companies and the lock-down resulted in lower average transaction volumes. In order to aid the recovery and contribute to the emerge of this new standard, it is imperative that the digital payments environment evolves rapidly and help from the Post-COVID period. This paper focus on the importance of Digital payments during pandemic, different modes of digital payment systems, the growth of digital payment from last three years and also, the road ahead in the digital payment.
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Cite This Article

  • ISSN: 2349-6002
  • Volume: 10
  • Issue: 12
  • PageNo: 2316-2322

Digital Payment System of MSME Vendor and Customer Attitude towards Digital Payment System

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8.01 (Year 2024)
UGC Approved
Journal no 47859

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