AN ANALYTICAL STUDY TO ASSESS THE INFLUENCE OF UPI AND PLASTIC MONEY ON THE ONLINE DIGITAL PAYMENT SYSTEM IN INDIA

  • Unique Paper ID: 166849
  • Volume: 11
  • Issue: 2
  • PageNo: 2095-2099
  • Abstract:
  • The demonetization of the Rs. 500 and Rs. 1000 bills were announced by India's Prime Minister, Shree Narendra Modi, on November 8, 2016. The provision of currency notes over the whole of India was not feasible at that time. UPI and plastic money, such as credit cards and debit cards, are the sources of payment that consumers utilize. This study paper's objective is to assess the influence that the Unified Payments Interface (UPI) and plastic money have had on the various online payment systems in India. The influence of Unified Payments Interface (UPI) and plastic money on the digital payment system in India is the subject of this research study. A variety of sources, including websites, periodicals, and journals, are used by researchers in order to obtain secondary data. UPI and plastic money both have both beneficial and bad effects on digital payment, according to the findings of this article. In India, the use of UPI is greater.

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{166849,
        author = {JYOTI SHARMA},
        title = {AN ANALYTICAL STUDY TO ASSESS THE INFLUENCE OF UPI AND PLASTIC MONEY ON THE ONLINE DIGITAL PAYMENT SYSTEM IN INDIA},
        journal = {International Journal of Innovative Research in Technology},
        year = {2024},
        volume = {11},
        number = {2},
        pages = {2095-2099},
        issn = {2349-6002},
        url = {https://ijirt.org/article?manuscript=166849},
        abstract = {The demonetization of the Rs. 500 and Rs. 1000 bills were announced by India's Prime Minister, Shree Narendra Modi, on November 8, 2016. The provision of currency notes over the whole of India was not feasible at that time. UPI and plastic money, such as credit cards and debit cards, are the sources of payment that consumers utilize. This study paper's objective is to assess the influence that the Unified Payments Interface (UPI) and plastic money have had on the various online payment systems in India. The influence of Unified Payments Interface (UPI) and plastic money on the digital payment system in India is the subject of this research study. A variety of sources, including websites, periodicals, and journals, are used by researchers in order to obtain secondary data. UPI and plastic money both have both beneficial and bad effects on digital payment, according to the findings of this article. In India, the use of UPI is greater.

},
        keywords = {Digital Payment, UPI, Plastic Money, Impact.},
        month = {July},
        }

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