THE CASHLESS SOCIETY: CONSUMER PERCEPTION OF PAYMENT METHODS

Abstract

Cashless Economy can be defined as a situation in which the flow of cash within an economy is non-existent and all transactions must be through electronic channels such as direct debit, credit cards, debit cards, electronic clearing, and payment systems such as Immediate Payment Service (IMPS), National Electronic Funds Transfer (NEFT) and Real Time Gross Settlement (RTGS) in India. The study reveals that most of the respondents have e-payments for the purpose of very easy method.  E-payments services are helpful for the customers in providing safety and any where operation services. E=payment services plays vital role in the selection of a particular bank cards. The research presents this study with the hope that this will drawn the attention of borrowing authorities on the various aspects of e-banking services.