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A Conceptual Study on Awareness of Online Payment System among Rural Merchants

International Journal of Emerging Trends in Science and Technology

Volume 3 Issue 1

Published: 2017
Author(s) Name: M. Resham, K. Malarkodi, S. Prasanna | Author(s) Affiliation: Department of Management Studies, M. Kumarasamy College of Engineering, Karur, Tamil Nadu, India
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Abstract

Demonetisation is the act of stripping a money unit of its status as legal tender. It is necessary whenever there is a change of national money. The old unit of money must be retired and exchange with a new money unit. Rural Merchants are not equipped with facilities for online payment system for accepting card payment or any online payment systems like Paytm. The study focuses on the level of awareness among the rural merchants towards online payment system.

Keywords: Credit card, Debit card, E-Money, Electronic fund transfer, Mobile banking, Smart card.

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