{"status":"ok","message-type":"work","message-version":"1.0.0","message":{"indexed":{"date-parts":[[2026,6,10]],"date-time":"2026-06-10T16:38:02Z","timestamp":1781109482620,"version":"3.54.1"},"reference-count":33,"publisher":"Association for Computing Machinery (ACM)","issue":"3","license":[{"start":{"date-parts":[[2020,8,3]],"date-time":"2020-08-03T00:00:00Z","timestamp":1596412800000},"content-version":"vor","delay-in-days":0,"URL":"https:\/\/www.acm.org\/publications\/policies\/copyright_policy#Background"}],"content-domain":{"domain":["dl.acm.org"],"crossmark-restriction":true},"short-container-title":["ACM Trans. Manage. Inf. Syst."],"published-print":{"date-parts":[[2020,9,30]]},"abstract":"<jats:p>The present world has moved from cash transactions to cashless transactions. This article examines the impact of implementation of a cashless payment policy on economic development and gradual transition to a cashless economy in India. For this study, the focus is on the time period from 2010 to 2018. The data used for this study are tele transfer, through credit or debit card payment, check payment, and E-money on Indian economic growth. The study has employed the panel vector error correction model, Padroni residual cointegration, and the hypothetical prototypical method. The results show that customers and sellers accept a cashless system policy. In the short period, we have a causality model running from a card system to a check payment and telegraphic transfer system, and a causality model running from a telegraphic payment system to a card payment system. In the long period, there is a positive outcome in using a cashless policy on Indian economic growth. However, the use of a cashless policy on Indian economic development in the short term will be negative, whereas in the long term it will impact positively. Hence, any kind of economic strategy that endorses a cashless payment system cannot have positive impact on the economic development directly.<\/jats:p>","DOI":"10.1145\/3391402","type":"journal-article","created":{"date-parts":[[2020,8,3]],"date-time":"2020-08-03T19:36:58Z","timestamp":1596483418000},"page":"1-10","update-policy":"https:\/\/doi.org\/10.1145\/crossmark-policy","source":"Crossref","is-referenced-by-count":17,"title":["Cashless Payment Policy and Its Effects on Economic Growth of India"],"prefix":"10.1145","volume":"11","author":[{"ORCID":"https:\/\/orcid.org\/0000-0003-1000-5019","authenticated-orcid":false,"given":"Nenavath","family":"Sreenu","sequence":"first","affiliation":[{"name":"National Institute of Technology, Bhopal, MP"}],"role":[{"vocabulary":"crossref","role":"author"}]}],"member":"320","published-online":{"date-parts":[[2020,8,3]]},"reference":[{"key":"e_1_2_1_1_1","unstructured":"D. Abrazhevich. 2004. 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