Cashless Economy- Advantages and Challenges
DOI:
https://doi.org/10.26703/jct.v15i1.53Keywords:
Cashless Economy, Digital Payment, DigitalizationAbstract
The central government of India has embarked on the cashless economy. It is the birth of a new era in the nation with life with digital money. This paper is going to conceptualize the meaning of a cashless system. Explains online banking techniques in India, schemes by government to spread the cashless system in India and highlights the challenges of the cashless economy and electronic payment systems. The objective of this study is to examine the significant challenges that are faced by Indians on the way towards cashless. To achieve the objectives of this exploratory type of personal study, interviews will be conducted.
Classification-JEL: N35, Y50
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Sharma, Ashwani, & Agarwal, Himanshu. (2019). Merchandiser Perception of Cashless Transaction: A Case Study of District Meerut of Uttar Pradesh State In India. Research Journal of Philosophy & Social Sciences, 44(3), 1–13. https://doi.org/10.5281/zenodo.5816446.
Agarwal, Himanshu, & Sharma, Ashwani. (2022). Study on Recent Development Related to Cashless Commerce in India. Journal of Commerce and Trade, 12(2), 66–71. https://doi.org/10.26703/JCT.v13i2-10
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