E-Banking and Cashless Payment System: An introduction to emerging trends in economy

Abstract

Internet banking is changing the banking industry with major effects on banking relationships. Banker is not need to open more branches, the person is not need to withdraw cash or deposit a cheque or request a statement of accounts. In true through Internet banking, any inquiry or transaction is processed online without any reference to the branch (anywhere banking) at any timeservice. Today , every person are very busy to save their time banks are provide internet banking services .Thus, number of innovative products for making payment has developed. Plastic money is an alternative to the cash. This research paper will introduce you to e-banking, meaning of plastic money and its functions, types of plastic money.It also shows the statistics of ATM.