Electronic Payment : Current Scenario and Scope for Improvement

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Electronic Payment : current scenario and scope for improvement

Electronic Payment : Current Scenario and Scope for Improvement

Introduction

Electronic Payment : Current Scenario and Scope for Improvement mba finance project report Today most of the banking and transaction happens while you are sipping coffee or taking an important call. ATMs are at your doorstep. Banking services are accessible 24×7. There are more plastic cards in your wallet than currency notes. A huge part of this change is due to advent of IT. . Indian banking industry has witnessed a tremendous developments due to sweeping changes that are taking place in the information technology.

The electronic system of payment is based on an online system. The emergence of eCommerce has created new financial needs that the traditional payment systems are not able to meet effectively in many  cases. This study on Mobile payment of current scenario and scope for improvement system is controlled by Indian Reserve Bank (RBI). It is doing its best to promote alternative payment methods that will add safety and productivity to the payment system.  In the future, Electronic Payment Industry has significant growth potential in view of Internet growth. Cashless economy is a situation in which the flow of cash within an economy is non-existent and all transactions are done through electronic media channels such as direct debit, credit and debit cards, electronic clearing and
payment systems such as Immediate Payment Service (IMPS), National Electronic Funds Transfer (NEFT) and Real Time Gross Settlement (RTGS).

Electronic banking and electronic payment has emerged from such an innovative development. The Electronic Payment : current scenario and scope for improvement mba finance project report system is on online based system. The emergence of ecommerce has created new financial needs that in many cases cannot be effectively fulfilled by the traditional payment systems. 

Name of the Project   : Electronic Payment : Current Scenario and Scope for Improvement

Project Cost                : $ 35

Delivery Time             :  Within 48 hours

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