Impact of Mobile Wallets on Cashless Transaction
P. Sarika1, S. Vasantha2
1P. Sarika, Ph.D Research Scholar, School of Management Studies, Vels Institute of Science, Technology and Advanced Studies (VISTAS), India.
2Dr. S. Vasantha, Footnotes Section, Professor, School of Management Studies, Vels Institute of Science, Technology & Advanced Studies (VISTAS), India.
Manuscript received on 08 May 2019 | Revised Manuscript received on 19 May 2019 | Manuscript Published on 23 May 2019 | PP: 1164-1170 | Volume-7 Issue-6S5 April 2019 | Retrieval Number: F11980476S519/2019©BEIESP
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© The Authors. Blue Eyes Intelligence Engineering and Sciences Publication (BEIESP). This is an open access article under the CC-BY-NC-ND license (http://creativecommons.org/licenses/by-nc-nd/4.0/)
Abstract: The advancement of technology and initiatives of government have contributed to the development of mobile payment. Due to technology, mobile users can nowadays use their smart phones to make money transaction or payment by using applications installed on the phone. The growth of mobile payment increased the usage of electronic payment where goods and services are transacted without the use of physical cash. After demonetization e-payment system especially mobile wallet has developed as the popular medium through which no physical presence of transactions was made. The growth of mobile applications and mobile wallets positively contributes to economic growth and cashless transaction. The paper aims to review the literature on the effect of mobile wallet on cashless transaction and usage of various kinds of mobile wallets at present.
Keywords: Mobile Wallets, Consumer, Cashless Transaction, India.
Scope of the Article: Mobile Agents