000			01696nam a2200229 4500
999			_c53363 _d53363
003			OSt
005			20200124181741.0
008			200124b ||||| |||| 00| 0 eng d
100			_aAggarwal, Monika _935783
245			_aDemonetisation : Move towards Cash Less Economy.
300			_a639-654.
440			_aFinance India _vXXXIII(3). _935784
520			_aAn attempt has been made to highlight the impact of demonetization on the growth of digital payments in India. This move is expected to cleanse the economic system from the evil of black money. The attempt has also been made to lower the circulation of cash in the economy and encourage the use of digital payment methods which will lead to increase in revenue of the Government. India is on cusp of financial revolution as large number of measures is being taken to move from cash dependent economy to cash less economy. At present only 5% personal consumption expenditure in India is digital. After demonetization, mobile wallets saw the highest percentage increase in the value of transactions among the digital payment methods. Transactions using the newly introduced UPI have increased from 90 crore in November 2016 to 1,659 crore in January. 125 lakh people have adopted the BHIM app so far. Government has a Mission toachieve target of 2,500 crore digital transctions for 2017-18 through UPI, USSD, Adhar Pay, IMPS and debit cards.
653			_a*Money laundering
653			_aEconomic systems
653			_aPayment
653			_aDebit cards
653			_aGovernment revenue
700			_aGupta, Meenu2 _935785
773	0		_029298 _977620 _aAGRAWAL, J.D. _o55511228 _tFinance India _x0970-3772
942			_2ddc _cJA-ARTICLE