SUMMER INTERNSHIP REPORT

ON
ACCEPTANCE OF E –WALLET IN JAIPUR

SUBMITTED BY SUBMITTED TO:

MAHAVIR PROF.PADAM BHUSHAN
 INTRODUCTION
 On 8th November 2016 honorable prime minister of India took a phenomenal step
by declaring that two highest denomination currency notes in India (500 rupee
notes and 1000 rupee notes) will not remain legal tender. Through this decision
nearly 86% of the currency in circulation was withdrawn. This historical decision
was aimed at manifold objectives like curbing black money, eradicating counterfeit
currency notes, combating terror financing, controlling tax evasions and a shift
towards cashless economy. Demonetization decision is a major driver for making
India a cashless economy. Amidst all shouting and chattering on demonetization and
digital transactions, India is gradually moving towards adopting cashless economy.
In a country like India where E-commerce and online shopping is growing by leaps
and bounds, demonetization decision has given a new impetus to already growing
use of digital payments. Among various modes of online payments the most
fledgling mode is E-wallets. After demonetization decision the number of
transactions through E-wallets have increased manifold. And with the transaction
limit on digital wallets being increased to Rs 20,000, it just keeps getting better.
 MSWIPE COMPANY IN INDIA E-COMMERCE AND PAYMENT
SYSYTEM HEADQUATER IN MUMBAI,MAHARASHTRA HAS RAISED
97.6M IN 6 ROUND.

 IT IS INDIA POPULAR ONLINE DESTINATION FOR MOBILE AND

SHOPPING.

 THIS HISTORICAL DECISION WAS AIMED AT MANIFOLD

OBJECTIVES LIKE CURBING BLACK MONEY, ERADICATING
COUNTERFEIT CURRENCY NOTES, COMBATING TERROR FINANCING,
CONTROLLING TAX EVASIONS AND A SHIFT TOWARDS CASHLESS
ECONOMY
OBJECTIVES

 TO STUDY THE IMPACT OF DEMONETIZATION ON

PREFERENCE FOR ONLINE PAYMENT
 TO STUDY THE PROBLEM FACED WHILE USING E-
WALLET
 CASHLESS ECONOMY.
LEARNING
 I LEARN IT ALSO PROTECTS OUR ENVIRONMENT WITH PAPER LESS CURRENCY NOTES
AND OTHER SOCIAL ISSUES SUCH AS CORRUPTION ETC.

 I LEARN THEREFORE CUSTOMER RELATION AND CUSTOMER SATISFACTION BOTH

PLAYS AN IMPORTANT ROLE IN A CORPORATE WORLD.

 I LEARN ABOUT MERCHANT’S PERCEPTION ABOUT DIGITAL PAYMENTS THAT HOW IT

IS PLAYING AN IMPORTANT ROLE MAKING MORE SECURE PAYMENT .

 I LEARN HOW TO TALK TO THE MERCHANT.

 I LEARN TO KNOW MSWIPE GROWTH IN INDIA AS A DIGITAL PAYMENT P;ATFORM.

Advantages

 GET CASHBACK IN EVERY TRANSACTION.

 GOOD WALLET LIMIT (UP TO 2LAKH)
 MSWIPE MACHINE ACCEPETD ALL CARD .
 ALL Q.R CODE ACCEPETED.
 EARN REWARD POINT.
 IT IS FAST AND SAFE.
 EASLIY TRANSFER MONEY TO BANK ANY TIME.
 PAY BILL PAYMENT,RECHARGE,TICKET AND LOTS MORE IN A SINGLE
APPLICATION AND KEEP TRACK OF ALL ORDER HISTORY.
 EASY TO KEEP A TRACK OF YOUR EXPENSES WITH THE MSWIPE
PASSBOOK.
TOTAL APPROVED AND FILL QR CODE
FORMAT OF D.S.R
CONCLUSION
 MOST IMPORTANT IT IS EASY TO USE.
 MSWIPE FOR ANDROID IS AVAILABLE FOR FREE ON GOOGLE PLAY STORE.
 INCREASING COMPEPTION FORCE COMPANIES TO SPEED UP THEIR
INNVOVATION PROCESS.
 THIS STUDY INDICATED THAT MAIN REASONS FOR LOW PREFERENCE OF
E-WALLET AS MODE OF PAYMENT ARE TENDENCY OF PEOPLE TO DO NOT
MOVE OUT OF COMFORT OF USING TRADITIONAL MODE OF PAYMENTS,
PRIVACY CONCERNS AND THREAT TO SECURITY. .