Gardado en:
| Autor Principal: | |
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| Formato: | Recurso digital |
| Idioma: | |
| Publicado: |
Zenodo
2026
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| Subjects: | |
| Acceso en liña: | https://doi.org/10.5281/zenodo.19413005 |
| Tags: |
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Table of Contents:
- <p><span>This paper looks at the growth of digital transactions and their impact on the financial system, with a special focus on Paytm services in India. It analyzes how Paytm has revolutionized payment methods by encouraging digital wallets, merchant-focused financial solutions, UPI-based transfers, and QR-code payments. As a result, people are becoming less reliant on money. The article explores the impact of this transformation on traditional banking operations, such as revenue generation, consumer interaction, transaction processing, and depositing. It also discusses the advantages, such as greater transparency, lower costs, improved financial access, and faster settlements. It also addresses the challenges that banks and fintech platforms face, including as cybersecurity threats, data privacy concerns, regulatory compliance, and operational continuity in the event of a setback. By papering Paytm's position within the broader digital payments ecosystem, the paper shows how cashless transactions affect bank operations and emphasizes the need of fintech and bank partnership in fortifying India's cashless economy.</span></p>