International Journal of Applied Research
Vol. 2, Issue 8, Part L (2016)
The arrival of e-Wallets: A pre and post demonetisation study
In India before 8th Nov. 2016 negligible use of e-wallets, Mobile wallets. Demonetization of 500 &1000 Rupee Note will not remain legal tender. Due to this decision nearly 86% of currency in circulation was withdrawn. After Demonetization e-wallets gets popularity while making payment due to lack of availability of cash. At the same time Government also take initiative to increase the number of account holders through Jan Dhan Yojana. Still in countries like India most of the people favours Cash-On-Delivery. This research paper is aimed to know the situation before the demonetization and after the demonetization in case of e-wallets. This Paper also through the light that is using e-wallet is choice or due to No choice. It also focuses on the major issues while dealing with e-wallet like security, privacy concerns, and fees. Major problem faced by people while using e-wallet are Long transaction time taken by e-wallet, Security breach, Delay in payment and Refund.
How to cite this article:
Dr. Omkar. The arrival of e-Wallets: A pre and post demonetisation study. Int J Appl Res 2016;2(8):852-854.