IJSDR Research Journal
International Journal of Scientific Development and Research - IJSDR
(An International Open Access Journal)
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2455-2631


Issue: July 2019

Volume 4 | Issue 7

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Paper Title: Remonetization and India's Journey to a Cashless Economy Through Payments Banks
Authors Name: Dr. Chabi Gupta , Prof. Dr. Kshama Agarwal
Unique Id: IJSDR1809011
Published In: Volume 3 Issue 9, September-2018
Abstract: Indian financial market is changing rapidly and emerging on the global platform. Converting 85 per cent of all cash transactions in India into digitally traceable ones was one of the Narendra Modi-led demonetization drive's goal. It is therefore hardly surprising that almost immediately after the demonetization drive, the number of e-wallet users and transactions done on the platform jumped three times. Although the number of digital transactions has fallen after Remonetization, the change in consumer behavior is discernible. The global digital push has been enabled by the development of recent technological innovations in finance such as UPI, e-signatures, e-KYC, and Aadhaar, which will become the bedrock of digital finance over the next two years. The objective of this research is to trace the move of demonetization towards Remonetization, introduction of GST and then the advent of cyptocurrency in relation to remonetization. The importance of payments banks and digital payment systems throughout all these economic moves is being highlighted in this research.
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Cite Article: "Remonetization and India's Journey to a Cashless Economy Through Payments Banks", International Journal of Science & Engineering Development Research (www.ijsdr.org), ISSN:2455-2631, Vol.3, Issue 9, page no.70 - 76, September-2018, Available :http://www.ijsdr.org/papers/IJSDR1809011.pdf
Downloads: 0001380
Publication Details: Published Paper ID: IJSDR1809011
Registration ID:180613
Published In: Volume 3 Issue 9, September-2018
DOI (Digital Object Identifier):
Page No: 70 - 76
Publisher: IJSDR | www.ijsdr.org
ISSN Number: 2455-2631

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