E-Wallet System: Raising Transaction trends in Bilaspur (Chhattisgarh)

This paper consist of the impact of E-Wallet services in India that how electronic transaction system is required for economic rehabilitation. This study summarizes the concepts and consequences, its problems and prospects related to digital transaction system by using several mobile applications like BHIM, PayTM, Pay U Money, Google Pay, YONO SBI and so on. Some objectives like its feasibility, future prospects and awareness are considered for better result. A structured questionnaire was prepared for data collection with the help of 100 sample size where only 93are accepted for data analysis and convenience sampling method was used. Frequency analysis is used for analysis of the data with the help of MS Excel and it conclude that transformation of cash based economy to cashless seems to be a difficult task in upcoming years and few respondents are afraid to prefer these services by their own but now a day’s majorities are considering digital transaction as a most convenient, easy to access, and secure method for financial transaction.