Cashless Transactions and its Impact of Salaried Class

Abstract

In recent times, with the spread of reach in banking services and increasing IT usage in banking, new cashless payment methods like cards, wallets, direct debit, Point of Sale (POS), Mobile Banking, Internet Banking (IB), Aadhaar Based Payment System (ABPS) and Unified Payment Interface (UPI) are increasingly being used across the country. This article is going to talk about cash versus cashless transaction pattern of salaried 50 person taken for the purpose of study.