The Driving Forces Behind the Shift to Cashless Transactions: Their Impact on the Economic Efficiency, Security, and Resilience

Kokane, Apurva Sanjay (2024) The Driving Forces Behind the Shift to Cashless Transactions: Their Impact on the Economic Efficiency, Security, and Resilience. Masters thesis, Dublin, National College of Ireland.

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Abstract

This study examines the driving factors behind the shift to cashless transactions in India and their impact on economic efficiency, security, and resilience. There is a rising popularity in the adoption of digital payment systems such as Unified Payments Interface (UPI) and mobile wallets. The research focuses on understanding the consumer perception of cashless transactions, the government initiatives like the Digital India Campaign followed by its effectiveness in accelerating the adoption of cashless transactions. The study is conducted using qualitative and quantitative methods by doing a survey of 102 participant’s responses to identify key factors influencing the shift to cashless transactions, which include convenience, transaction speed, and security features. The findings display that India’s younger demographics are leading this shift, but there are significant challenges like privacy concerns and infrastructure reliability on cashless transactions. The study highlights the benefits of cashless transactions for the economy, GDP growth and financial inclusion. It also discusses the need to improve digital literacy and security measures to ensure wider adoption and resilience against cyber threats.

Item Type:	Thesis (Masters)
Supervisors:	Name Email Onwuegbuche, Faithful UNSPECIFIED Cosgrave, Noel UNSPECIFIED
Subjects:	H Social Sciences > Economics H Social Sciences > HG Finance > Financial Services H Social Sciences > HG Finance > Fintech T Technology > T Technology (General) > Information Technology > Fintech H Social Sciences > HG Finance > Money
Divisions:	School of Computing > Master of Science in FinTech
Depositing User:	Ciara O'Brien
Date Deposited:	05 Aug 2025 10:30
Last Modified:	05 Aug 2025 10:30
URI:	https://norma.ncirl.ie/id/eprint/8422

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