XIBA Business Review

2017 | Volume 3 | Issue Issue 1

A Conceptual Study on Awareness of Online Payment System among Rural Merchants

1. M. Resham – Department Of Management Studies, M. Kumarasamy College Of Engineering, Karur, Tamil Nadu, India

2. K. Malarkodi – Department Of Management Studies, M. Kumarasamy College Of Engineering, Karur, Tamil Nadu, India

3. S. Prasanna – Department Of Management Studies, M. Kumarasamy College Of Engineering, Karur, Tamil Nadu, India

Received
19-Jun-2017 		Accepted
- 		Published
19-Jun-2017
Abstract
Demonetisation is the act of stripping a money unit of its status as legal tender. It is necessary whenever there is a change of national money. The old unit of money must be retired and exchange with a new money unit. Rural Merchants are not equipped with facilities for online payment system for accepting card payment or any online payment systems like Paytm. The study focuses on the level of awareness among the rural merchants towards online payment system.
Keywords Credit card, Debit card, E-Money, Electronic fund transfer, Mobile banking, Smart card.
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