Theoretical and Applied Economics
No. 2 / 2024 (639), Summer
Financial transformation through digitalisation: India’s dual path of cash and cashless transaction
University of Calicut, India
Ibrahim CHOLAKKAL
University of Calicut, India
Abdul AZEEZ N.P.
Aligarh Muslim University, India
Abstract. India has been actively pursuing digital financial transformation, and the government has implemented various initiatives to promote a cashless economy. The recent demonetization policy led to a significant push towards digital payments and a surge in the usage of digital wallets, mobile banking, and other cashless methods. These digital transformations aimed to enhance financial inclusion by providing banking and financial services to a larger population segment, especially in rural areas. Despite the push for digital transactions, certain challenges persisted, especially the existence of physical cash. This paradox is evident in many economies worldwide, including India. This study tries to analyze the trend towards the digital financial transformation of the Indian economy and prove the paradoxical situation of the cash-based economy. The study also examines the impact of digital infrastructures (DI) and payment modes and channels (PMC) on total digital payment (TDP) in India.
Contents
Performance and risk – a changing and complex relationship for banking business
Impact of inflation and exchange rate on stock market returns in India: An ARDL approach
Westphalian order in pan-Arabism culture societies
The generational divide – A debate on technology and the decision-making process
The trend of FDI inflows and its impact on the Indian economy
Effects of exchange relative prices on macroeconomic stability in sub-Saharan African countries
Crowding-out, home bias and financial stability in the aftermath of the sovereign debt crisis
Is there convergence or divergence in per capita energy consumption in sub-Saharan African countries?
Financial transformation through digitalisation: India’s dual path of cash and cashless transaction
Nexus between global financial integration and economic growth: An ARDL approach
Integration of ESG principles: An initiative for transformation from Linear Economy to Circular Economy
European funds for sustainable transport and economic growth
What drives Tunisian economic growth: urbanization or rural development?
Impact of crypto currencies on performance of stock returns: Evidence from BRICS countries
Forecasting gold price and inflation for India and US: An analysis of ARIMA and Holt Winters models
ESG Global Score Indicator – The new sovereign rating Case study – European Union
Assessing the adoption of corporate social responsibility on developing countries: Case of Jordan
ICT and economic growth: Evidence from lower-middle income countries of South Asia
Future of cryptocurrency in India
The fintech frontier: Investigating fintech entrepreneurial intentions in the light of fintech awareness