International Research Journal of Commerce , Arts and Science
( Online- ISSN 2319 - 9202 ) New DOI : 10.32804/CASIRJ
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THE IMPACT OF DEMONETIZATION ON E- PAYMENTS
1 Author(s): AKHIL SEBASTIAN
Vol - 8, Issue- 11 , Page(s) : 235 - 241 (2017 ) DOI : https://doi.org/10.32804/CASIRJ
Demonetization is a generations’ memorable experience and is going to be one of the economic events of our time. Its impact is felt by every Indian citizen. Demonetization affects the economy through the liquidity side. Demonetizing is Progressive shift to a cashless economy with a greater focus on electronic transactions is being envisaged. Rising use of credit/debit cards, net banking and other online payment mechanisms will be another positive effect of demonetization, as these would not only lower transaction costs but some of these could help earn some fee income as well.