Cashless Economy and Street Vendors: A Study on Awareness, Usage and Challenges in Pollachi Taluk
DOI:
https://doi.org/10.59890/ijaamr.v3i3.508Keywords:
Street Vendors, Cashless Transactions, Digital Payments, Financial Inclusion, Electronic PaymentsAbstract
Technological advancements have significantly transformed financial transactions, making cashless payments an integral part of commerce. From traditional cash-based transactions in the early 1900s to the emergence of digital payment systems in the 1990s, the transition to a cashless economy has been rapid. Today, electronic payments facilitate seamless business transactions, allowing consumers to pay instantly with a single swipe or tap. This study aims to assess the level of awareness and challenges faced by street vendors in PollachiTalukregarding cashless transactions. An empirical research design has been adopted, with primary datacollected from 30 street vendors using the convenience sampling method. Data collection was conducted through interviews and structured questionnaires and the findings were analyzed using simple percentage analysis and weighted average ranking method. This study aims to identify the level of awareness on cashless transactions among street vendors in PollachiTaluk. The research design adopted in this study is empirical. Primary data has been collected from 30 street vendors using convenience sampling method
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