{"id":9790,"date":"2024-11-01T11:42:16","date_gmt":"2024-11-01T11:42:16","guid":{"rendered":"https:\/\/icertpublication.com\/?page_id=9790"},"modified":"2024-11-01T12:16:32","modified_gmt":"2024-11-01T12:16:32","slug":"a-study-on-the-dominance-of-digital-transaction-over-m3-money-supply-transactions","status":"publish","type":"page","link":"https:\/\/icertpublication.com\/index.php\/edu-mania\/edumania-vol-02-issue-04\/a-study-on-the-dominance-of-digital-transaction-over-m3-money-supply-transactions\/","title":{"rendered":"A Study on The Dominance of Digital Transaction Over M3 Money Supply Transactions"},"content":{"rendered":"\t\t
\n\t\t\t\t\t\t
\n\t\t\t\t\t\t
\n\t\t\t\t\t
\n\t\t\t
\n\t\t\t\t\t\t
\n\t\t\t\t
\n\t\t\t\t\t

A Study on The Dominance of Digital Transaction Over M3 Money Supply Transactions.\n<\/h4>\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t
\n\t\t\t\t
\n\t\t\t\t\t\t\t\t\t

Swarna, T.<\/span><\/p>

Research Scholar, Gitam University, Hyderabad<\/span><\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t

\n\t\t\t\t\t\t
\n\t\t\t\t\t
\n\t\t\t
\n\t\t\t\t\t\t
\n\t\t\t\t
\n\t\t\t\t\t
Abstract<\/h6>\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t
\n\t\t\t\t
\n\t\t\t\t\t\t\t\t\t

The financial landscape is evolving increasingly with digital transactions dominating traditional M3 money supply transactions. Given the growth of digital payments, fintech innovations and cryptocurrencies, there is an urgent need to understand the degree to which these electronic transactions have now surpassed or altered conventional M3 money supply operations. In this study, we seek to fill that gap with our understanding and direction forwards. By investigating the effect on financial stability, economic growth and the overall resilience of monetary systems, this research opens up new avenues for analysis in an ongoing dialogue about how digital transformation has been affecting financial transactions and its wider implications for the money landscape.\u00a0<\/span><\/p>

Keywords<\/span>: Dominance, digital, money supply, monetary system, cryptocurrencies<\/span><\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t

\n\t\t\t\t\t\t
\n\t\t\t\t\t
\n\t\t\t
\n\t\t\t\t\t\t
\n\t\t\t\t
\n\t\t\t\t\t
Impact Statement<\/h6>\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t
\n\t\t\t\t
\n\t\t\t\t\t\t\t\t\t

According to the study, the increasing prevalence of digital transactions over conventional M3 money supply transactions is causing a radical change in the financial ecosystem. The notable increase in NEFT, mobile banking, and other digital payment methods is indicative of the financial services industry’s overall trend toward digitization, which is being driven by advances in technology and rising smartphone usage. This change reflects a shifting customer desire for electronic transactions that are quicker and more convenient. Debit and mobile banking transactions have a contrastingly negative effect on the money supply, but NEFT transactions have a positive effect. These results imply that various forms of digital transactions have a complex impact on monetary dynamics. The need for stakeholders, including financial institutions and governments, to modify their approaches in order to capitalize on the changing trends in digital payments is highlighted by these developments. It is essential to comprehend these dynamics.<\/span><\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t

\n\t\t\t\t\t\t
\n\t\t\t\t\t
\n\t\t\t
\n\t\t\t\t\t\t
\n\t\t\t\t
\n\t\t\t\t\t
About The Author<\/h6>\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t
\n\t\t\t\t
\n\t\t\t\t\t\t\t\t\t

T. Swarna<\/span> currently serves as the Head of the Business Analytics Department at Loyola Academy Degree and PG College in Secunderabad. With a rich academic career spanning over eight years, she has established herself as a dedicated educator and researcher in the field of business analytics. Throughout her career, T. Swarna has demonstrated a deep understanding of analytics and its applications in business, making significant contributions to the curriculum and research in her department.\u00a0<\/span><\/p>

As the Head of the Department, she has taken on the responsibility of leading and shaping the direction of the Business Analytics program at Loyola Academy. Her role as an educator and leader at Loyola Academy, combined with her eight years of experience as an Assistant Professor, underscores her dedication to advancing the field of business analytics. T. Swarna continues to inspire the next generation of business analysts, encouraging them to embrace the power of data in shaping the future of businesses and economies<\/span><\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t

\n\t\t\t\t\t\t
\n\t\t\t\t\t
\n\t\t\t
\n\t\t\t\t\t\t
\n\t\t\t\t
\n\t\t\t\t\t
References<\/h6>\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t
\n\t\t\t\t
\n\t\t\t\t\t\t\t\t\t

\u00a0<\/p>

  1. Agrawal, P. (2020). <\/span>Startups in digital payment space in India<\/span>.<\/span><\/p><\/li>

  2. Anute, N., Tyagi, G., & Jagadale, H. (2022). A study on digital payment applications in India. <\/span>Journal of Management Research and Analysis<\/span>, 9(3), 150\u2013156. <\/span>https:\/\/doi.org\/10.18231\/j.jmra.2022.028<\/span><\/a><\/p><\/li>

  3. Journal of Management Research and Analysis<\/span>.<\/span><\/p><\/li>

  4. Jain, K., Chowdhary, R., Kulkarni, S., Ranjith, P. V., & Varma, A. J. (2021). A study on intention to adopt digital payment systems in India: Impact of COVID-19 pandemic. <\/span>Asia Pacific Journal of Information Systems<\/span>, 31(1), 76\u2013101. <\/span>https:\/\/doi.org\/10.14329\/apjis.2021.31.1.76<\/span><\/a><\/p><\/li>

  5. Kulkarni, S., Ranjith, P. V., & Varma, A. J. (2021). A literature study of consumer perception towards digital payment mode in India. Psychology and Education [Journal].<\/span><\/p><\/li>

  6. Kumar, D., & Subhash, S. (2023). Digital payment system in India: A brief study. <\/span>International Journal of Scientific Research in Engineering and Management<\/span>, 07(3). <\/span>https:\/\/doi.org\/10.55041\/IJSREM18093<\/span><\/a><\/p><\/li>

  7. Kumar, Y., & Amalanathan, P. (2022). Growth of digital payment apps in India \u2013 A study. <\/span>EPRA<\/span> International Journal of Multidisciplinary Research.<\/span><\/p><\/li>

  8. Mahesh, A., & Bhat, G. (2021). Digital Payment Service in India – <\/span>A case study of unified payment interface<\/span>. International Journal of Case Studies in Business, IT, and Education.<\/span><\/p><\/li>

  9. Nishad, G. (2022). A study on digital payment system in India. <\/span>INTERANTIONAL JOURNAL OF SCIENTIFIC RESEARCH IN ENGINEERING AND MANAGEMENT<\/span>, 06(3). <\/span>https:\/\/doi.org\/10.55041\/IJSREM11920<\/span><\/a> Journal Of Research In Engineering And Management<\/span><\/p><\/li>

  10. Phatak, N. S. (2023). Impact of digital payment adoption on small businesses in India: A comprehensive survey. <\/span>International Journal for Multidisciplinary Research<\/span>.<\/span><\/p><\/li>

  11. Rani, M. (2023). Digital payment system development in India. <\/span>ANUSANDHAN \u2013 NDIM\u2019s Journal of Business and Management Research<\/span>, 5(1), 39\u201347. <\/span>https:\/\/doi.org\/10.56411\/anusandhan.2023.v5i1.39-47<\/span><\/a><\/p><\/li>

  12. Sajjan, S. S. (2020). <\/span>Impact of digital payment in India<\/span>.<\/span><\/p><\/li>

  13. Sivathanu, B. (2019). Adoption of digital payment systems in the era of demonetization in India: An empirical study. <\/span>Journal of Science and Technology Policy Management<\/span>, 10(1), 143\u2013171. <\/span>https:\/\/doi.org\/10.1108\/JSTPM-07-2017-0033<\/span><\/a><\/p><\/li>

  14. Sutradhar, T. K., & Ghosh, S. (2023). Distribution and Usage of Digital Payment Cards in India: Findings from NSS 77th Round Survey. <\/span>Vision: The Journal of Business Perspective<\/span>. <\/span>https:\/\/doi.org\/10.1177\/09722629231216818<\/span><\/a><\/p><\/li>

  15. Ganapathy, V. (2023). AI in Auditing: A Comprehensive review of Applications, benefits and challenges. <\/span>Shodh Sari-An International Multidisciplinary Journal<\/span>, <\/span>02<\/span>(04), 328\u2013343. https:\/\/doi.org\/10.59231\/SARI7643<\/span><\/p><\/li>

  16. Devi, B. (2024). Conceptualizing Digital Economy: Unraveling its evolution and impact in India. <\/span>Shodh Sari-An International Multidisciplinary Journal<\/span>, <\/span>03<\/span>(03), 210\u2013224. https:\/\/doi.org\/10.59231\/sari772\u00a0<\/span><\/p><\/li><\/ol>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t

    \n\t\t\t\t\t\t
    \n\t\t\t\t\t
    \n\t\t\t
    \n\t\t\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t<\/div>\n\t\t","protected":false},"excerpt":{"rendered":"

    A Study on The Dominance of Digital Transaction Over M3 Money Supply Transactions. Swarna, T. Research Scholar, Gitam University, Hyderabad Abstract The financial landscape is evolving increasingly with digital transactions dominating traditional M3 money supply transactions. Given the growth of digital payments, fintech innovations and cryptocurrencies, there is an urgent need to understand the degree […]<\/p>\n","protected":false},"author":1,"featured_media":0,"parent":9298,"menu_order":0,"comment_status":"closed","ping_status":"closed","template":"","meta":{"site-sidebar-layout":"no-sidebar","site-content-layout":"page-builder","ast-site-content-layout":"default","site-content-style":"default","site-sidebar-style":"default","ast-global-header-display":"","ast-banner-title-visibility":"","ast-main-header-display":"","ast-hfb-above-header-display":"","ast-hfb-below-header-display":"","ast-hfb-mobile-header-display":"","site-post-title":"disabled","ast-breadcrumbs-content":"","ast-featured-img":"disabled","footer-sml-layout":"","theme-transparent-header-meta":"default","adv-header-id-meta":"","stick-header-meta":"","header-above-stick-meta":"","header-main-stick-meta":"","header-below-stick-meta":"","astra-migrate-meta-layouts":"default","ast-page-background-enabled":"default","ast-page-background-meta":{"desktop":{"background-color":"var(--ast-global-color-4)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"tablet":{"background-color":"","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"mobile":{"background-color":"","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""}},"ast-content-background-meta":{"desktop":{"background-color":"var(--ast-global-color-5)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"tablet":{"background-color":"var(--ast-global-color-5)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"mobile":{"background-color":"var(--ast-global-color-5)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""}},"footnotes":""},"class_list":["post-9790","page","type-page","status-publish","hentry"],"_links":{"self":[{"href":"https:\/\/icertpublication.com\/index.php\/wp-json\/wp\/v2\/pages\/9790","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/icertpublication.com\/index.php\/wp-json\/wp\/v2\/pages"}],"about":[{"href":"https:\/\/icertpublication.com\/index.php\/wp-json\/wp\/v2\/types\/page"}],"author":[{"embeddable":true,"href":"https:\/\/icertpublication.com\/index.php\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/icertpublication.com\/index.php\/wp-json\/wp\/v2\/comments?post=9790"}],"version-history":[{"count":7,"href":"https:\/\/icertpublication.com\/index.php\/wp-json\/wp\/v2\/pages\/9790\/revisions"}],"predecessor-version":[{"id":9830,"href":"https:\/\/icertpublication.com\/index.php\/wp-json\/wp\/v2\/pages\/9790\/revisions\/9830"}],"up":[{"embeddable":true,"href":"https:\/\/icertpublication.com\/index.php\/wp-json\/wp\/v2\/pages\/9298"}],"wp:attachment":[{"href":"https:\/\/icertpublication.com\/index.php\/wp-json\/wp\/v2\/media?parent=9790"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}