A Study On Preference Of Youth Towards Cashless Payment System

Abstract

A cashless payment app lets you send money from your phone either to other people or to a payment terminal to buy something in a store. A cashless payment app contains your debit and credit card information so that users can pay for goods and services digitally by using their mobile devices.The most popular cashless payment app in 2019 are PayPal, Venmo Square Cash, Zelle, Google Wallet and Facebook Messenger. However, in India very few of these are used by people. The highly used payment app in India are Paytm,Amazon pay, Google pay, Phonepe, Yono by SBI, ICICI pokets and Bhim Axis pay.This digital payment service works as a cashless payment service, where people do not have to pay cash or swipe their debit card. Mobile payment services bring a range of technology innovations and provide multiple offers to users for greater convenience. Mobile payment apps allows you to store multiple credit card details and bank account numbers.