Modern Directions of Institutional Regulation, Digital Changes in the Field of Calculations and Payments
Keywords:
Electronic money, electronic payment system, mobile banking, cashless payments, digital economyAbstract
In this article, the increase in demonetization of high notes will bring great changes in the overall financial system of the country; most of the people have faced a lot of problems as it is difficult to cope with the situation in the cashless market. Thus, demonetization has also increased the use of digital payments as a reliable means of transferring money from one system to another. As the country transitions to a cashless, digital economy, digital payment tools, including e-wallets and mobile banking, are gaining popularity in place of Internet banking. In the current era, advanced digital solutions are emerging and more and more people in the country are using digital funds to make payments and transfer money.
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