Impact of Demonetization on Digital Payments

Abstract

Government of India announced demonetization of the high regard money related guidelines of Rs. 500 and 1000 with an objective to reveal the dim money and to check the debasement, fake cash and also fear financing. This decision is considered as most prominent neatness drive against the dull trade out the verifiable setting of Indian economy whose points of interest will be acquired over the long haul. Regardless, the impact of this sudden move is causing genuine exchange crush out the economy affecting regular essentials of the fundamental man and business.In this study impact of demonetisation on digital payments have been discussed.