DR. V V RAVI KUMAR

Title: Emergence of Digital Payment Instruments in India as an Alternative to Cash – An AppraisalYear: 2020
Authors: Anuja Erandekar, Dr. V. V. Ravi Kumar Journal: International Journal of Advanced Science and Technology Publication date: 2020 Publisher: Science & Engineering Research Support Society URL: click here Abstract India had been primarily a cash-based economy, but with increasing technological advancement and focus on digitization in the recent years, the digital payments industry in India has undergone a transformation .Digital payments provide easier and quicker payment options to the consumers. They also reduce cash related issues like corruption and unaccountability. Internet brought in a massive shift from offline to mobile and online banking channels. Digital payments by way of instruments like NEFT, RTGS and IMPS have a steady increase in terms of volume of transactions. The introduction of National Payments Corporation of India’s Unified Payment Interface (UPI) has given a new dimension to the payments system. Growth of e-commerce platforms coupled with increased smart phone and internet penetration encouraged customers to use the digital platforms to a greater extent. It is a highly promising industry with convenience and competition shaping its future. This paper aims to study the growth of digital payment instruments which are used widely today namely,NEFT (National Electronic Fund Transfer), RTGS (Real Time Gross Settlement), IMPS (Instantaneous payment mode system), Mobile-wallets and UPI (Unified Payments Interface). An attempt has been made to perform a comparative analysis of volume of transactions done using these instruments to record their emergence, growth and trends. This study also attempts to examine the share of these instruments over the years and understand the preference of the people towards the different instruments.

Title: Emergence of Digital Payment Instruments in India as an Alternative to Cash – An AppraisalYear: 2020

Authors: Anuja Erandekar, Dr. V. V. Ravi Kumar
Journal: International Journal of Advanced Science and Technology
Publication date: 2020
Publisher: Science & Engineering Research Support Society
URL: click here

Abstract

India had been primarily a cash-based economy, but with increasing technological advancement and focus on digitization in the recent years, the digital payments industry in India has undergone a transformation .Digital payments provide easier and quicker payment options to the consumers. They also reduce cash related issues like corruption and unaccountability. Internet brought in a massive shift from offline to mobile and online banking channels. Digital payments by way of instruments like NEFT, RTGS and IMPS have a steady increase in terms of volume of transactions. The introduction of National Payments Corporation of India’s Unified Payment Interface (UPI) has given a new dimension to the payments system. Growth of e-commerce platforms coupled with increased smart phone and internet penetration encouraged customers to use the digital platforms to a greater extent. It is a highly promising industry with convenience and competition shaping its future. This paper aims to study the growth of digital payment instruments which are used widely today namely,NEFT (National Electronic Fund Transfer), RTGS (Real Time Gross Settlement), IMPS (Instantaneous payment mode system), Mobile-wallets and UPI (Unified Payments Interface). An attempt has been made to perform a comparative analysis of volume of transactions done using these instruments to record their emergence, growth and trends. This study also attempts to examine the share of these instruments over the years and understand the preference of the people towards the different instruments.

Name	Designation
Mr. Anand Singh	Administrative Officer
Ms. Jagriti Partho Goswami	Office Superintendent
Mr. Prasanna Pendke	Sr. Supervisor
Mr. Amit Marathe	Sr. Supervisor
Mr. Prakash D Karkar	Supervisor
Mr. Amit Shinde	Supervisor
Ms. Supriya Rahalkar	Supervisor
Ms. Poorva Zende	Supervisor
Mr. Yogesh S. Mane	Sr. Coordinator
Ms. Rucha Desai	Sr. Coordinator
Ms. Roma Kale	Sr. Coordinator
Ms. Deepti Gokhale	Sr. Coordinator
Ms. Margaret Dsouza	Sr. Coordinator
Mr. Gautam S. Mane	Coordinator
Mr. Prasad Bonde	Coordinator
Ms. Anuja Joshi	Coordinator
Mr. Pradeep Chaveria	Coordinator
Mr. Rohit Rane	Assistant Coordinator
Ms. Shilpa Ravalallu	P.A.to Director
Mr. Abhishek Kudale	Office Assistant
Mr. Rajesh Bagewadi	Network Engineer
Ms. Saee H. Gokhale	Sr .Lab Instructor
Mr. Nilesh S Kadam	Lab Instructor
Mr. Sumit Bhoinkar	Accountant
Mr. Avadhoot Joshi	Accountant
Ms. Shital Balkawade	Sr. Accounts Assistant
Ms. Deepti Velhal	Deputy Accountant
Mr. Mukesh Thopate	Office Attendant
Mr. Ashok Mankar	Office Attendant
Mr. Puran Walmiki	Sr. Office Attendant
Mr. Kailash Shinde	Sr. Office Attendant
Mr. Vasant Shitole	Sr. Office Attendant
Mr. Sanjay Takle	Sr. Office Attendant
Mr. Aniket Gugale	Office Attendant
Mr. Ravindra Supe	Office Attendant