Investigating Digital Transactions in the Interest of a Sustainable Economy

Abstract

An automatic online operation that helps to transfer money between two entities is known as cashless transaction. Digital transactions are also known as cashless transactions as no paper formalities are required to complete a transaction. E-commerce, signing online contracts for business, buying online tickets for movies through smartphones comes under digital transactions. Transacting digitally has become easy, convenient and quick for people. Benefits of these cashless transactions are still ignored by many people because they still are not able to use these digital devices properly, or they are happy using cash for transactions. 200 consumers were surveyed using questionnaire.