International Research journal of Management Science and Technology

  ISSN 2250 - 1959 (online) ISSN 2348 - 9367 (Print) New DOI : 10.32804/IRJMST

Impact Factor* - 6.2311


**Need Help in Content editing, Data Analysis.

Research Gateway

Adv For Editing Content

   No of Download : 1378    Submit Your Rating     Cite This   Download        Certificate

AWARENESS AND PREFERENCE TOWARDS DIGITAL PAYMENT MECHANISMS- A STUDY OF CUSTOMER PERCEPTIONS

    1 Author(s):  DR. G. CHINA BABU

Vol -  9, Issue- 3 ,         Page(s) : 352 - 361  (2018 ) DOI : https://doi.org/10.32804/IRJMST

Abstract

India has shown tremendous potential for technology adoption and retail customers’ (individuals) adjustment during the demonitisation period. People have shifted conveniently from traditional cash mode of payments to adopting digital payment mechanisms for all kinds of transactions. The Digital India program is a leading program of the Government of India with a vision to transform India into a digitally empowered society and knowledge economy. “Faceless, Paperless, Cashless” is one of professed role of Digital India. To transform into a digital economy, there is a rapid endorsement of digital payments mechanisms appropriate to different sectors of the economy.

  1. Banque Nationale de Belgique (BNB) (2005), Costs, Advantages and Disadvantages of Different Payment Methods, December.
  2. Dr. Rao Kavita, Dr. Mukherjee Sacchidananda, Dr. Kumar Sudhanshu, Mr. Gupta Sen D.P., Tandon Suranjali and Sri Nayudu Hari (2016) Demonetisation; Impact on the Economy; National Institute of Public Finance and Policy, New Delhi; Nov 14.
  3. Economictimes.Indiatimes.com
  4. Garcia-Swartz, D. D., Hahn, R.W. & A. Layne-Farrar (2006b), The Move Toward a Cashless Society: Calculating the Costs and Benefits, Review of Network Economics 5, 198-228.
  5. Humphrey, D. B. (2004): ?Replacement of cash by cards in U.S. Consumer Payments, Journal of Economics and Business, 56, 211–225.
  6. Jonker, N. (2013), Social Costs of POS Payments in the Netherlands 2002–2012: Efficiency gains from increased debit card usage, DNB Occasional Studies, Vol.11, No. 2.
  7. Lee, Jinkook, Fahzy Abdul-Rahman, and Hyungsoo Kim (2007) "Debit card usage: an examination of its impact on household debt."Financial Services Review.16.1: 73. 
  8. More wedge, C. K., Holtzman, L., &Epley, N. (2007). Unfixed resources: perceived costs, consumption, and the accessible account effect. Journal of Consumer Research, 34(4), 459–467). 
  9. Paul K. Bonugli (2006). The Cashless Society www.bonugli.co.uk/doc/Cashless.pdf Visited in November 2011.
  10. Payment Systems in India - Vision 2009-12
  11. Reserve Bank of India Bulletin, June 2017.
  12. Retail Banking Research (2010), The Future of Cash and Payments, January.
  13. Shampine, A. (2007), Another Look at Payment Instrument Economics, Review of Network Economics 6, 495–508.
  14. Study on Introduction of Cashless Economy in India (2016) Benefits & Challenge’s DOI: 10.9790/487X-190402116120 www.iosrjournals.org 120 | Page 
  15. Varghese Manoj, And Menon Manghal Ajit (2015) Understanding the Credit and Debit Card Landscape in India Across Public Sector, Private Sector and Foreign Banks; International Journal of Finance Research Review; Vol. 3, 12, Dec.
  16. http://cashlessindia.gov.in/digital_payment_methods.html.
  17. http://www.dqindia.com/top-6-mobile-wallets-in-india/
  18. https://www.researchgate.net/publication/228644405_Cashless_Payment_System_in_India-A_Roadmap

*Contents are provided by Authors of articles. Please contact us if you having any query.






Bank Details