IMPORTANCE OF ELCTRONIC APYMENT AND PAYMENT CARD

Abstract

A change in outlook in the usual way of doing things of trade across the globe has been fundamentally impacted by the installment card industry with energetic steps in computerized innovation. The sprouting installment card industry has accompanied the flourishing in financial development of the majority of the nations. Also, there exists a dissimilar level in subsuming card installment by various nations because of particular social, financial and social foundation. In India, inordinate use cash installments are because of unique plans of action and differed differentiation in proficiency levels. This paper expects to break down remarkable installment cards in India by looking at the quantity of cards in activity and the worth of exchange in the previous decade. Information from RBI source is gathered to dissect for a time of eight years (2011-2019). Keywords: Electronic Payments, Payment Cards, Economic Growth