The information for the study was collected through questionnaire from the teachers.
The purpose of this research work is to assess the digital financial literacy among working women in higher education sector in Kerala. The threats of fraudulent activities in the electronic payment system have led to the necessity of effective systems for coherent payment management.
The movement towards digital payment apps comes with risks also. Moreover the actions taken by the RBI supplements the sellers in encouraging the customers to go for digital payments. This forced the sellers, local vendors to accept payment in digital mode. It was boosted during the period of Covid-19 as the people were shown more interesting in online purchase and online way of payment even in the traditional mode of purchase. Also, initially, the banks that will support the feature will be limited and only through time, Google will be able to get more issuers on board.The demonetization has posed the challenges of moving from the physical cash transactions to digital payments. This could mean that the feature is being rolled out in phases and should reach out to the masses soon. We at, could not find the feature on any of our Android or iOS smartphones. The process is verified via an OTP sent b by the bank to the cardholder.Īlso Read: Best Money Transfer apps to use in 2020 in India With the latest update, the users are reportedly getting an option to add their debit or credit card. Some of the popular phones that include the feature are OnePlus 8 series, Samsung Galaxy S20 and Galaxy Note 20 series, Galaxy A51, Apple iPhone 11 and many more.Īccording to a report by Android Police, the feature is already reaching some Google Pay users across the nation. Also, the phone used to make such payments should also come equipped with NFC. However, the card machine provided by the shopkeeper should have NFC capabilities.
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