Abstract:
Chennai's digital payment ecosystem stands as a beacon of success, propelled by recent policy reforms and technological innovations. The nation has experienced a remarkable surge in digital transactions, characterized by the seamless transfer of value across payment platforms using digital devices like smartphones, POS terminals, or computers, facilitated by channels such as mobile data or SWIFT. Key digital payment methods in Chennai encompass bank transfers, mobile wallets, and payment cards (credit, debit, and prepaid cards). Since the inception of IMPS by NPCI in 2010 to the introduction of UPI in 2016, the landscape has continuously evolved.
Keywords: Convience, Security, Digital Payment System.
References
1. Adharsh, R., Harikrishnan, J., Prasad, A., & Venugopal, J. S. (2018). Transformation towards E-Wallet Payment Systems Pertaining to Chennai Youth. International Journal of Pure and Applied Mathematics, 119(12), 2583–2594.
2. Agarwal, S., Basu, D., Ghosh, P., Pareek, B., & Zhang, J. (2018). Demonetization and Digitization. SSRN Electronic Journal. https://doi.org/10.2139/ssrn.3197990
3. Dr. Swati Kulkarni, Dr. Aparna J Varma, D. R. P. V. . (2021). A Literature Study Of Consumer
4. Perception Towards Digital Payment Mode In Chennai. Psychology and Education Journal, 58(1), 3304–3319. https://doi.org/10.17762/pae.v58i1.1270
5. Gupta, R., & Gupta, R. (2020). a Descriptive Study on E-Banking Vs . Traditional Banking in Chennai. 17(7), 4295–4301.
6. Joshi, M. C. (2017). Digital Payment System: Before, During and After Demonetization. International Journal of Banking, Accounting and Finance, 2(December 2017), 1–14. https://www.researchgate.net/publicatio n/331001070
7. Joshi, R., & Kumar, B. (2020). IMPACT OF DIGITAL CHENNAI ON CHENNAIN ECONOMY Cite this paper.
8. Manocha, S., Kejriwal, R., & Upadhyaya, A. (2019). The Impact of Demonetization on Digital Payment Transactions: A Statistical Study. SSRN Electronic Journal, 229–235. https://doi.org/10.2139/ssrn.3446558
9. Mate, R., & Kapdi, A. (2021). Impact of Covid-19 on Digital Payment System. Turkish Online Journal of Qualitative Inquiry, 12(3), 4794–4799.
10. Singh, Shamsher, Rana, R. (2017). Study of Consumer Perception of Digital Payment Mode. Journal of Internet Banking and Commerce (JIBC), 22(3), 1–14. http://www.icommercecentral.com
11. Pandey, S. K., & Vishwakarma, A. (2020). A STUDY ON INVESTMENT PREFERENCES OF YOUNG INVESTORS IN THE CITY OF RAIPUR CHHATTISGARH, CHENNAI. PalArch's Journal of Archaeology of Egypt/Egyptology, 17(9), 9757-9768.