{"id":22601,"date":"2025-03-20T19:11:10","date_gmt":"2025-03-20T13:41:10","guid":{"rendered":"http:\/\/www.sachdevajk.in\/?p=22601"},"modified":"2025-03-20T19:11:10","modified_gmt":"2025-03-20T13:41:10","slug":"impact-of-online-payment-methods","status":"publish","type":"post","link":"http:\/\/www.sachdevajk.in\/?p=22601","title":{"rendered":"Impact of Online Payment Methods"},"content":{"rendered":"

Title<\/span><\/b>: Impact of Online Payment Methods<\/span><\/p>\n

Authors<\/span><\/b>: Manas Deshmukh, Ricardo Jathanna, Udatta Palkar. <\/span>(Roll no \u2013 11,25,39)<\/span><\/p>\n

Problem Introduction<\/span><\/b>: During the Covid-19 Pandemic the world started to follow social distancing which led to various new Payment Methods, one of which was Online Payment Methods like UPI, Mobile Banking, Digital Wallets (Google Pay, Amazon Pay, Paytm, etc). These payment methods made people change their lifstyle which have become a part of everyone in their day-to-day life. Currently in the world India is the largest Online Payment Method User but with this many issues raised up like lack of security, server problems, less spread among rural areas, restrictions on amount, etc.<\/span><\/p>\n

Objective:<\/span><\/b> To Understand the underlying issues of the problem.<\/span><\/p>\n

Literature Review:<\/span><\/b><\/p>\n

1) The study discusses the evolution and significance of digital payments<\/b> as a core component of financial technology (fintech<\/b>). Digital payments involve transactions where both the payer and the payee use electronic methods, eliminating the need for physical cash.<\/span><\/p>\n

Types of Digital Payments:<\/span><\/b><\/p>\n