Explore –Journal of Research
Peer Reviewed Journal
ISSN 2278–0297 (Print)
ISSN 2278–6414 (Online)
Vol. XIV No. 2, 2022
© Patna Women’s College, Patna, India
Research on Impact and Importance of Digital Cash in India
• Udeshya Srivastava • Avishek Choudhuri
Received : April 2022
Accepted : May 2022
Corresponding Author : Udeshya Srivastava
Abstract : Digital Cash is transactions that take vicinity thru virtual or online modes and do not use a bodily change of cash involved. Each party, the payer, and the payee use digital mediums to change some money.
Digital Banking is then an e-global view that gives significant benefits to banks to increase advantage and performance simply to its customers concerning the simplicity of bills and admittance to the banking administrations 24*7. It is cultivated through utilizing situation of – the-workmanship innovation basis to reap modifications in indoor cycle standout facet interfaces. Gone are the times when people used to stay in lengthy queues of financial institutions, trusting that their flip would pull out coins or save cash in banks. Presently, people can find technique financial institutions without ultimate lengthy queues in step with their
advantage without agonizing over the economic hours. Prior, while virtual fees were present, people were hesitant to extrude their change propensities, but after demonetization, they’re left not using a choice to do their exchanges with virtual fees.
The Government of India has been assigned numerous measures to promote and inspire virtual bills. As a part of the `Digital India’ campaign, the authorities aim to create a `digitally empowered` economic system that is `Faceless, Paperless, Cashless. ` There are diverse sorts and techniques of virtual bills.
Keywords : Digital payment, demonetization, digital banking, transaction digitally empowered.
Udeshya Srivastava
MCA Student,
Amity Institute of Information Technology Amity University, Patna
Email-id: udeshya1912@gmail.com
Avishek Choudhuri
Assistant Professor,
Amity Institute of Information Technology Amity University, Patna
Email-id: achoudhuri@ptn.amity.edu
