The Impact of Digital Banking on the Growth of Micro, Small and Medium Enterprises (Msmes) in India: A Case Study

Meher, Bharat Kumar; Hawaldar, Iqbal Thonse; Mohapatra, Latasha; Spulbăr, Cristi; Birău, Ramona; Rebegea, Cristian

doi:10.3846/btp.2021.12856

Cited by 19 publications

(18 citation statements)

References 20 publications

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“…ABI is in the highlevel form such that our system interacts with Smart contract using that ABI and the bytecode are deployed into the Ethereum Blockchain. Several small and medium businesses are working efficiently on it [24], [25], [26], [27]. Here are the steps that are followed in order to deploy our smart contracts in the Ethereum Blockchain network and interact with it [28], [29], [30].…”

Section: Sequence Diagramsmentioning

confidence: 99%

Business Operation Using Identification of Product in Context of Developing Countries Emphasizing Nepal

Mishra¹,

Jha²,

Aithal

2023

IJAEML

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Purpose: With the emergence of Online Purchasing, Product Identification is an essential model that allows the seller to add a product to a decentralized platform such as Blockchain and allows buyers to purchase the product from the decentralized platform. Fraud products, counterfeiting, and duplication are the current marketplace's major problems. This aims to develop a system for verifying product identification with their information, ownership, and validity detail. Design/Methodology/Approach: The proposed system applies Extreme Programming (XP) to reduce the risk caused by the fixed-time project using new technology and thus the final project could be delivered in time. Solidity and metamask being new technologies were unstable and to adopt the changes, the agile development model was the best through ABI and the bytecode are deployed into the Ethereum Blockchain. Findings/Result: This system maintains the buyers, sellers, and product details in a decentralized blockchain platform. This research details the entire product development process from planning, analysis, design, implementation, and testing for systematic online purchasing. Verifying the product ownership and its information to get the original product is the major difficulty in this space, but this research systematically solves some of those problems. This signifies an improvement in the current centralized way of purchasing goods online, where the information remains as it is entered by the seller while listing the product in Nepal and developing countries context. Originality/Value: The study has produced a decentralized, reliable, secure, and third-party independent marketplace for buying and selling products for fraud free market. Paper Type: Research paper

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Section: Sequence Diagramsmentioning

confidence: 99%

Business Operation Using Identification of Product in Context of Developing Countries Emphasizing Nepal

Mishra¹,

Jha²,

Aithal

2023

IJAEML

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“…The scope of digital banking in India is growing rapidly as more people use the internet and mobile devices to access financial services. However, there are still some factors that are limiting the growth of digital banking in India [17]. One of the main factors affecting the scope of digital banking in India is the lack of reliable internet access.…”

Section: Aspects Influencing the Scope Of Digital Banking In Indiamentioning

confidence: 99%

Impact of Information Technology on the Banking Sector

Shetty

Nikhitha

2022

IJMTS

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Purpose: This paper presents a brief overview which is linked to the bank network and its role in IT. It is also about the study of the role of the Government which has also played a proactive role in this by formulating policies and providing infrastructure, there are some advantages and disadvantages too, which need to be examined, and challenges faced by banking sectors and a few key positive and negative opinions on basis of SWOT analysis. Methodology: The data has been collected from a variety of sources, including newspapers, research papers, websites, and journals. The information has been analyzed and synthesized to provide a comprehensive overview of the topic. Findings: This research aims to provide a comprehensive overview of the extant research on the impact of information technology (IT) on banking. The findings suggest that IT has had a positive impact on banking in terms of efficiency, profitability, and customer service. However, the findings also reveal that IT has harmed employment in the banking sector. The banking sector in India is passing through tectonic changes with the onslaught of digital technologies. Traditional banks, which were dependent on human interaction and paperwork, are today struggling to keep pace with the new-age disruptors such as mobile payments, peer-to-peer lending, etc. They can now easily switch between banks depending on their needs and requirements. At the same time, banks are also looking to partner with FinTech to gain a competitive edge. Originality: A robust banking system makes the lives of the average individual easier, its real impact is felt in the smooth functioning of businesses. The smooth flow of credit and mobilizing of savings are the hallmarks of an economy with an effective banking system. Research Type: Descriptive Study.

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“…Convenience in using digital banking services by MSMEs is making them accept these digital means of banking, and this is the main reason in the increase in the adaptability level of MSMEs towards digital banking services (Meher et al , 2021). The study on the usage and adoption of digital banking services with respect to SMEs in Nigeria (Mbah and Obiezekwem, 2019), SMEs in Kakamega County (Muchiri, 2018) and rural people in Assam (Neog, 2019) focussed on several factors favouring the using of digital banking services.…”

Section: Literature Reviewmentioning

confidence: 99%

Change in the uses pattern of digital banking services by Indian rural MSMEs during demonetization and Covid-19 pandemic-related restrictions

Ahmed

Sur

2021

XJM

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Purpose In the ever fast-changing modern world, through the use of digital banking services (DBS), the old concept of banking in a traditional way has been completely changed. It was made possible through the use of modern artificial intelligence embedded technologies. It was done to meet the ever-growing demands of customers through more user-friendly and time-saving uses of technologies. This paper aims to uncover and analyse the factors affecting the adoption of digital banking services by rural micro small and medium enterprises (MSMEs). MSME is one of the most active sectors in India. It plays an important role in the economic development of the country through exports and domestic supplies and by creating employment opportunities. Design/methodology/approach The study was conducted using a questionnaire survey. In total, 148 rural MSME owners were considered for the analysis in this study. Rural MSMEs in India are way behind in using digital banking services than their urban counterparts. The present study uses IBM SPSS and AMOS to shed light on the prevalent factors that influence the attitude to use digital banking services. Findings It is found out that convenience (which includes perceived usefulness and perceived ease of use), perceived self-efficacy, demonetization, performance expectancy and pandemic effect have a significant effect on the attitude to adopt DBS. The findings of the study will provide deeper insights for the banks as well as different government agencies to revamp their strategies in changing the financial landscape of the country through a “cashless economy”. Practical implications Demonetization, a boom in eCommerce in India, pandemic-related lockdowns or restrictions and the government’s push for the digital economy will aid the use of DBS at a faster pace. The outcome of the study will help both the government and the financial institutions to chalk out strategies to cater to the rural MSMEs in embracing DBS. Originality/value The use of digital services for banking in India is in a nascent stage, but the rate of adoption is increasing at a cyclonic speed. Affordable electronic devices, cheap internet and different medium of using DBS are fuelling the rapid increase; yet, limited research focuses on the differences in the rate of acceptance of digital banking services concerning rural MSMEs.

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The Impact of Digital Banking on the Growth of Micro, Small and Medium Enterprises (Msmes) in India: A Case Study

Cited by 19 publications

References 20 publications

Business Operation Using Identification of Product in Context of Developing Countries Emphasizing Nepal

Business Operation Using Identification of Product in Context of Developing Countries Emphasizing Nepal

Impact of Information Technology on the Banking Sector

Change in the uses pattern of digital banking services by Indian rural MSMEs during demonetization and Covid-19 pandemic-related restrictions

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