Growth Of Cash-Less Transactions In India: Challenges And Prospects
Key words: Cash less Transactions, Black Money, Digital Payments, Corruption and Terror Financing.
A revolutionary change has taken place in our financial setup with digitalisation of the payment system. Cash Less (Transaction) Economy to combat black money, corruption, counterfeit currency and terror financing. The Govt. intends to move towards a Cash Less Transactions. The Cash-Less Transactions done through the credit card, debit card, net banking and other source of Electronic payments. Electronic banking will be made Banking transaction to be easier by bringing services closer to its Customers. India is an ardent effort to more towards a cashless transaction economy by minimising the use of physical cash. A cash Less economy is realisable by promoting electronic money instruments, developing financial infrastructure and spreading digital transaction habits among people. The purpose of the paper is to examine how we can achieve the growth of a cash less transaction in India, and to find out the challenges and the possible measures to overcome them.
Dr. K. A Rajanna. "Growth Of Cash-Less Transactions In India: Challenges And Prospects".INTERNATIONAL JOURNAL OF ENGINEERING DEVELOPMENT AND RESEARCH ISSN:2321-9939, Vol.6, Issue 1, pp.199-204, URL :https://rjwave.org/ijedr/papers/IJEDR1801034.pdf
Volume 6 Issue 1
Pages. 199-204
