Analyzing the Transformation of Economies in the Digital Age:  From Cash to Cashless

Prof. Rajiv Chopra

doi:10.36676/urr.v5.i5.1278

Authors

Prof. Rajiv Chopra Principal, DCAC, University of Delhi

DOI:

https://doi.org/10.36676/urr.v5.i5.1278

Keywords:

Cashless, Cashless Transactions, POS, RTGS, NEFT

Abstract

In the past decade, our global landscape has experienced a rapid digitization revolutionizing various aspects of our lives. Notably, the emergence of internet-based transactions and the prevalence of digital communication platforms such as SMS, emails, and social networks have transformed the way we engage economically and socially. Two important factors that have contributed to this development are the use of mobile phones, and the use of the Internet. We are more ‘on the go’ than ever and get things done while we are on the go via our digital services turning the world to a mobile village. A part of the above-mentioned digital purchases is digital payments. This lecture is to deliver information about pros and cons of cashless transactions system. A few papers have been reviewed for this study and internet is also used for getting more information.

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