Professional Documents
Culture Documents
Ecosystem
Agenda
◎ About Topic
◎ Problem Statement
◎ Analysis
◎ Summary
“
8th November
2016 brought a major change in
economic environment which pushed
India towards cashless future.
Demonetizing the high value
currency notes of – Rs.500 and
Rs.1000
What is
cashless
economy?
A cashless economy is one in which
all the transactions are done through
electronic channels such as
debit/credit cards, Immediate
Payment Service (IMPS), National
Electronic Funds Transfer (NEFT)
and Real Time Gross Settlement
(RTGS).
Why cashless economy?
Reduction of Development & Improvement in
Physical currency Modernization efficiency
The circulation of physical Electronic based transaction The policy also aims at
currency is minimum. seeks to drive the development improving the effectiveness of
and modernization of India’s monetary policy, managing
payment system. inflation in the economy,
maintaining stable pricing
system.
◎ Cause to go cashless?
e.g. Security, Carrying bulk cash is difficult, to
support government initiative.
USSD
2.
Factor Analysis
Comparative Analysis
Which
questions point
to acceptance
of cashless
ecosystem
Here we determine the factors that
are in favor of cashless ecosystem
Descriptive Statistics
Only cases for which Overall satisfaction = Very much agree are used for this analysis
phase.
Correlation Matrix
Improved
Avoid bulk cash Aceept digital Bank Eco
in pocket money Experience Secure friendly
Correlation Avoid bulk cash in 1.000 .015 .384 .038 .244
pocket
Aceept digital money .015 1.000 .176 -.115 .315
Only cases for which Overall satisfaction = Very much agree are used for this analysis
phase.
KMO and Bartlett's Test
df 10
Sig. .003
Only cases for which Overall satisfaction = Very much agree are used for this analysis
phase.
Total Variance Explained
Total Variance Explaineda
Initial Eigenvalues Extraction Sums of Squared Loadings Rotation Sums of Squared Loadings
Component Total % of Variance Cumulative % Total % of Variance Cumulative % Total % of Variance Cumulative %
1 1.844 36.888 36.888 1.844 36.888 36.888 1.801 36.025 36.025
2 1.147 22.936 59.824 1.147 22.936 59.824 1.190 23.799 59.824
3 0.935 18.699 78.523
4 0.614 12.279 90.802
5 0.460 9.198 100.000
Extraction Method: Principal Component Analysis.
Only cases for which Overall satisfaction = Very much agree are used for this analysis
phase.
Scree Plot
Rotated Component Matrix
Component
1 2
Avoid bulk cash in pocket .610 .025
Component
1 2
Avoid bulk cash in pocket .610 .025
As model , To understand Which question is merely help to understand cashless eco system
is really accepted
Regression
Regression
Regression
Regression
Regression
Regression
Summary
◎ Indian people feels secure, banking experience is
improved as well as they accepts money in digital
format.