Abstract

Digital Payments in Indian Banking Sector - A Study

Highlights

  • The banking sector in India has undergone tremendous changes after 1991 industrial liberalization to meet increasing needs of customers

  • Though the decision of demonetization was with several targets, the aim and scope of the present study is to examine whether the decision of demonetization resulted a significant change in the volume and value of digital transactions in the Indian banking sector by comparing the volume and value of selected modes of digital payments and settlements during predemonetization and post demonetization period

  • Table-1 depicts data relating to, selected modes of volume and value of digital payments in Indian banking sector during the pre and the post demonetization period taken from Jan.2015 to Aug

Read more

Summary

Introduction

The banking sector in India has undergone tremendous changes after 1991 industrial liberalization to meet increasing needs of customers. Advance in the technology has changed the perceptions of customers towards banking services. To meet changing needs and perceptions of customers, banking sector began to introduce innovative methods in their operations to provide immediate, fast, fair, prompt and transparent services to their customers with an objective of creating more value for customers. A day, banking sector has two types operational system e.g. i. Financial sector in India has been moving from

Objectives
Methods
Results
Conclusion
Full Text
Paper version not known

Talk to us

Join us for a 30 min session where you can share your feedback and ask us any queries you have

Schedule a call