“STUDY OF DIGITAL PAYMENT’’

A Project Submitted to
University of Mumbai for partial completion of the degree of
Bachelor of Management Studies
Under the faculty of Commerce

By
Mr. RAMZAN KHAN

Under the Guidance of

PROF. DEEPAK MISHRA

SHREE SHANKAR NARAYAN COLLEGE

OF ARTS, COMMERCE & SCIENCE
NAVGHAR ROAD, BHAYANDER (E). THANE-401105

ACADEMIC YEAR-2018-2019
SEMESTER VI
T.Y.BMS
 DECLARATION

I the undersigned MR. RAMZAN KHAN here by, declare that the work embodied in this
project work titled, “STUDY OF DIGITAL PAYMENT”, forms my own contribution to the
research work carried out under the guidance of Prof. DEEPAK MISHRA is a result of my
own research work and has not been previously submitted to any other University for any other
Degree/ Diploma to this or any other university.
Wherever reference has been made to previous works of others, it has been clearly indicated as
such and included in the bibliography.
I hereby further declare that all information of this document has been obtained and presented in
accordance with academic rules and ethical conduct.

Name and Signature of the learner

Certified by:
Name and Signature of the Guiding Teacher
 ACKNOWLEDGEMENT

To list who all have helped me is difficult because they are so numerous and the depth is so
enormous.
I would like to acknowledge the following as being idealistic channels and fresh dimensions in
the completion of this project.
I take this opportunity to thank the University of Mumbai for giving me chance to do this
project.
I would like to thank my Principal, Dr. V. N. Yadav for providing the necessary facilities
required for completion of this project.
I take this opportunity to thank our coordinator Prof. Ravi Pal for his moral support and
guidance.
I would also like to express my sincere gratitude towards my project guide Prof. Deepak Mishra
whose guidance and care made the project successful.
I would like to thank my College Library, for having provided various reference books and
magazines related to my project.
Lastly, I would like to thank each and every person who directly and indirectly helped me in the
completion of the project especially My Parents and Peers who supported me throughout my
project.

Thank You
 INDEX
SR NO PARTICULARS PG NO.

1 CHAPTER NO 1 INTRODUCTION 1
1.1 Definition 2
1.2 Origin and History of Digital Payments 2-4
1.3 Benefits of Digital Payments 4-6
1.4 Drawbacks of Digital Payments 6-8
1.5 Digital Payments and Demonetization 8-10
1.6 Digital Payments in India: Current Challenges and Growth 10
Prospects
1.7 Boosting Innovative Start-Ups for A Digital Future 11
1.8 Why Everyone Should Do Digital Payments? 11-13
1.9 Digital Payments Methods 13-37
2 CHAPTER NO 2. RESEARCH METHODOLOGY 38
2.1 Objectives of Study 39
2.2 Hypothesis 39
2.3 Sampling Design 39
2.4 Data Collection 40
2.5 Significance of The Study 40
3 CHAPTER NO 3 LITERATURE REVIEW 41-43
4 CHAPTER NO 4.DATA ANALYSIS, INTERPRETATION & 44-56
FINDINGS
5 CHAPTER NO 5. CONCLUSION, RECOMMENDATIONS 57-59

6 REFERENCE 60