Analysis of Value & Volume of Real Time Gross Settement & Card based Transactions in India
Abstract
Indian financial sector has witnessed a tremendous development technologically in this decade. Financial technology has evidently improved the ways of making transaction for purchases and payments online. This study highlights RTGS and card based payments and analyses the trend with respect to change in volume(number of users of RTGS & debit-credit card) and value(amount of transaction) in the past ten years.