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Cashlessness and scalable multi-pay practices: Capturing the everyday financial transactions in local contexts

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  • Venkatraman, Shriram
  • Reddy, P. Govinda

Abstract

While macro-level volume growth in India's move towards cashless payment systems is captured relentlessly, most often what gets ignored is a realization that everyday financial transactional practices are socially and culturally embedded in the local contexts. This paper drawn from an anthropological ethnography explores how people use and hierarchically order different payment systems in their everyday financial transactions for products and services. It explores how aspects such as trust, economic and social values, demographic differentials and scalable multi-pay practices influence such ordering and usage of the payment systems within their everyday local contexts.

Suggested Citation

  • Venkatraman, Shriram & Reddy, P. Govinda, 2021. "Cashlessness and scalable multi-pay practices: Capturing the everyday financial transactions in local contexts," Telecommunications Policy, Elsevier, vol. 45(5).
    • Handle: RePEc:eee:telpol:v:45:y:2021:i:5:s0308596121000185
    DOI: 10.1016/j.telpol.2021.102113
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    References listed on IDEAS

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    1. Belk, Russell W & Sherry, John F, Jr & Wallendorf, Melanie, 1988. "A Naturalistic Inquiry into Buyer and Seller Behavior at a Swap Meet," Journal of Consumer Research, Journal of Consumer Research Inc., vol. 14(4), pages 449-470, March.
    2. Belk, Russell W. & Wallendorf, Melanie, 1990. "The sacred meanings of money," Journal of Economic Psychology, Elsevier, vol. 11(1), pages 35-67, March.
    3. Nikola Fabris, 2019. "Cashless Society – The Future of Money or a Utopia?," Journal of Central Banking Theory and Practice, Central bank of Montenegro, vol. 8(1), pages 53-66.
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    1. Dyah Titis Kusuma Wardani & Navi'ah Khusniati & Susilo Nur Aji Cokro Darsono, 2023. "Sociodemographic Effects on Financial Inclusion: Implications from Online Transaction in Developing-8 Countriesfrom Online Transaction in Developing-8 Countries Abstract: The world has reached the ind," Economics and Finance in Indonesia, Faculty of Economics and Business, University of Indonesia, vol. 69, pages 67-86, Juni.

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