A Study on Electronic Money and its Impact on...

A Study on Electronic Money and its Impact on Financial Market

Author Name : Thanugula Shravani , Ch. Deepthi Reddy

ABSTRACT

Electronic money is a non cash payment instrument in addition to credit cards and debit cards. E- Money has developed very quickly. Many economists proposed their view by theory. They think that E-Money, designed to substitute central bank currency, could take impact on money supply, especially on the narrowly defined stock of money. Technological developments had an impact on all aspects of life including changes to existing payment systems. E-Money offers advantages over debit cards and credit cards that give the ease, speed, and efficiency. The issue discussed in this research covers the intensity of the use of E-Money, the volume of transactions, preference, and perceptions about the use of E-Money at the faculty on economics. Key Words: E-Money, Money supply, Stock perception, Economics.