{"id":9790,"date":"2024-11-01T11:42:16","date_gmt":"2024-11-01T11:42:16","guid":{"rendered":"https:\/\/icertpublication.com\/?page_id=9790"},"modified":"2026-03-07T07:13:13","modified_gmt":"2026-03-07T01:43:13","slug":"a-study-on-the-dominance-of-digital-transaction-over-m3-money-supply-transactions","status":"publish","type":"page","link":"https:\/\/icert.org.in\/index.php\/edu-mania\/edumania-vol-02-issue-04\/a-study-on-the-dominance-of-digital-transaction-over-m3-money-supply-transactions\/","title":{"rendered":"A Study on The Dominance of Digital Transaction Over M3 Money Supply Transactions"},"content":{"rendered":"\t\t
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Edumania-An International Multidisciplinary Journal<\/h2>\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t
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Vol-02, Issue-04 (Oct -Dec 2024)<\/h4>\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t
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An International scholarly\/ academic journal, peer-reviewed\/ refereed journal, ISSN : 2960-0006<\/h5>\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t
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A Study on The Dominance of Digital Transaction Over M3 Money Supply Transactions.\n<\/h4>\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t
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Swarna, T.<\/span><\/p>

Research Scholar, Gitam University, Hyderabad<\/span><\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t

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DOI:\u00a0<\/span>https:\/\/doi.org\/10.59231\/edumania\/9083<\/span><\/a><\/p>

Page Number:\u00a0pp. 194-220<\/span><\/p>

Subject:\u00a0Digital Economics, Monetary Economics, Financial Technology (FinTech), Money Supply (M3), Digital Transactions, Macroeconomics<\/span><\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t

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Received:\u00a009 August 2024<\/span><\/p>

Accepted:\u00a020 September 2024<\/span><\/p>

Published:\u00a001 October 2024<\/span><\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t

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Thematic Classification:\u00a0Social Sciences: Economics & Finance; Technology Studies<\/span><\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t

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Abstract<\/h6>\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t
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The financial landscape is evolving increasingly with digital transactions dominating traditional M3 money supply transactions. Given the growth of digital payments, fintech innovations and cryptocurrencies, there is an urgent need to understand the degree to which these electronic transactions have now surpassed or altered conventional M3 money supply operations. In this study, we seek to fill that gap with our understanding and direction forwards. By investigating the effect on financial stability, economic growth and the overall resilience of monetary systems, this research opens up new avenues for analysis in an ongoing dialogue about how digital transformation has been affecting financial transactions and its wider implications for the money landscape.\u00a0<\/span><\/p>

Keywords<\/span>: Dominance, digital, money supply, monetary system, cryptocurrencies<\/span><\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t

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Impact Statement<\/h6>\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t
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According to the study, the increasing prevalence of digital transactions over conventional M3 money supply transactions is causing a radical change in the financial ecosystem. The notable increase in NEFT, mobile banking, and other digital payment methods is indicative of the financial services industry’s overall trend toward digitization, which is being driven by advances in technology and rising smartphone usage. This change reflects a shifting customer desire for electronic transactions that are quicker and more convenient. Debit and mobile banking transactions have a contrastingly negative effect on the money supply, but NEFT transactions have a positive effect. These results imply that various forms of digital transactions have a complex impact on monetary dynamics. The need for stakeholders, including financial institutions and governments, to modify their approaches in order to capitalize on the changing trends in digital payments is highlighted by these developments. It is essential to comprehend these dynamics.<\/span><\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t

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About The Author<\/h6>\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t
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T. Swarna<\/span> currently serves as the Head of the Business Analytics Department at Loyola Academy Degree and PG College in Secunderabad. With a rich academic career spanning over eight years, she has established herself as a dedicated educator and researcher in the field of business analytics. Throughout her career, T. Swarna has demonstrated a deep understanding of analytics and its applications in business, making significant contributions to the curriculum and research in her department.\u00a0<\/span><\/p>

As the Head of the Department, she has taken on the responsibility of leading and shaping the direction of the Business Analytics program at Loyola Academy. Her role as an educator and leader at Loyola Academy, combined with her eight years of experience as an Assistant Professor, underscores her dedication to advancing the field of business analytics. T. Swarna continues to inspire the next generation of business analysts, encouraging them to embrace the power of data in shaping the future of businesses and economies<\/span><\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t

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Cite this Article<\/h6>\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t
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APA (7th ed.):<\/span>\u00a0Swarna, T. (2024). A Study on The Dominance of Digital Transaction Over M3 Money Supply Transactions.\u00a0<\/span>Edumania-An International Multidisciplinary Journal<\/span>,\u00a02(4), 194\u2013220.\u00a0<\/span>https:\/\/doi.org\/10.59231\/edumania\/9083<\/span><\/a><\/p>

Chicago (17th ed.):<\/span>\u00a0Swarna, T. “A Study on The Dominance of Digital Transaction Over M3 Money Supply Transactions.”\u00a0<\/span>Edumania-An International Multidisciplinary Journal<\/span>\u00a02, no. 4 (2024): 194\u2013220.\u00a0<\/span>https:\/\/doi.org\/10.59231\/edumania\/9083<\/span><\/a>.<\/span><\/p>

MLA (9th ed.):<\/span>\u00a0Swarna, T. “A Study on The Dominance of Digital Transaction Over M3 Money Supply Transactions.”\u00a0<\/span>Edumania-An International Multidisciplinary Journal<\/span>, vol. 2, no. 4, 2024, pp. 194\u2013220.\u00a0<\/span>https:\/\/doi.org\/10.59231\/edumania\/9083<\/span><\/a>.<\/span><\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t

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Statements & Declarations<\/h6>\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t
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Peer Review:<\/span>\u00a0The scholarly quality and contribution of this empirical study to the field of digital economics and monetary policy have been confirmed through a rigorous and independent peer-review process conducted by experts in the relevant fields.<\/span><\/p>

Review Type:<\/span>\u00a0This article underwent a double-blind peer review, wherein the identities of the author (T. Swarna) and the reviewers were concealed from each other. The review was conducted by subject experts in economics, monetary policy, financial technology, and macroeconomics.<\/span><\/p>

Competing Interests:<\/span>\u00a0The author, T. Swarna, declares that there are no financial, professional, or personal competing interests that could be perceived to have biased the work presented in this manuscript.<\/span><\/p>

Data Availability:<\/span>\u00a0The datasets generated and analyzed during the current study, including economic indicators and digital transaction volumes, are available from the corresponding author, T. Swarna, upon reasonable request. All data sources are secondary and have been cited appropriately within the article.<\/span><\/p>

Funding:<\/span>\u00a0The author received no specific financial support, grants, or funding from any public, commercial, or not-for-profit organization for the research, authorship, and\/or publication of this article. The research was conducted as part of the author’s doctoral studies and personal scholarly effort.<\/span><\/p>

License:<\/span>\u00a0This article is an open-access article distributed under the terms and conditions of the Creative Commons Attribution-NonCommercial-NoDerivatives (CC BY-NC-ND) 4.0 International License. This license allows others to download this work and share it with others for non-commercial purposes, as long as they credit the author, but they cannot change it in any way or use it commercially.<\/span><\/p>

Ethical Approval:<\/span>\u00a0Ethical approval was not required for this study, as it is an economic analysis based on secondary data sources and did not involve the collection of data from, or experimentation on, human subjects or animals. The work adheres to the highest standards of academic integrity and research ethics in economic and financial research.<\/span><\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t

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References<\/h6>\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t
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  16. Devi, B. (2024). Conceptualizing Digital Economy: Unraveling its evolution and impact in India. <\/span>Shodh Sari-An International Multidisciplinary Journal<\/span>, <\/span>03<\/span>(03), 210\u2013224. https:\/\/doi.org\/10.59231\/sari772\u00a0<\/span><\/p><\/li><\/ol>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t

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    Edumania-An International Multidisciplinary Journal Vol-02, Issue-04 (Oct -Dec 2024) An International scholarly\/ academic journal, peer-reviewed\/ refereed journal, ISSN : 2960-0006 A Study on The Dominance of Digital Transaction Over M3 Money Supply Transactions. Swarna, T. Research Scholar, Gitam University, Hyderabad DOI:\u00a0https:\/\/doi.org\/10.59231\/edumania\/9083 Page Number:\u00a0pp. 194-220 Subject:\u00a0Digital Economics, Monetary Economics, Financial Technology (FinTech), Money Supply (M3), Digital […]<\/p>\n","protected":false},"author":1,"featured_media":0,"parent":9298,"menu_order":0,"comment_status":"closed","ping_status":"closed","template":"","meta":{"_acf_changed":false,"postBodyCss":"","postBodyMargin":[],"postBodyPadding":[],"postBodyBackground":{"backgroundType":"classic","gradient":""},"site-sidebar-layout":"no-sidebar","site-content-layout":"page-builder","ast-site-content-layout":"default","site-content-style":"default","site-sidebar-style":"default","ast-global-header-display":"","ast-banner-title-visibility":"","ast-main-header-display":"","ast-hfb-above-header-display":"","ast-hfb-below-header-display":"","ast-hfb-mobile-header-display":"","site-post-title":"disabled","ast-breadcrumbs-content":"","ast-featured-img":"disabled","footer-sml-layout":"","theme-transparent-header-meta":"default","adv-header-id-meta":"","stick-header-meta":"","header-above-stick-meta":"","header-main-stick-meta":"","header-below-stick-meta":"","astra-migrate-meta-layouts":"default","ast-page-background-enabled":"default","ast-page-background-meta":{"desktop":{"background-color":"var(--ast-global-color-4)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"tablet":{"background-color":"","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"mobile":{"background-color":"","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""}},"ast-content-background-meta":{"desktop":{"background-color":"var(--ast-global-color-5)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"tablet":{"background-color":"var(--ast-global-color-5)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"mobile":{"background-color":"var(--ast-global-color-5)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""}},"footnotes":""},"class_list":["post-9790","page","type-page","status-publish","hentry"],"acf":[],"_links":{"self":[{"href":"https:\/\/icert.org.in\/index.php\/wp-json\/wp\/v2\/pages\/9790","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/icert.org.in\/index.php\/wp-json\/wp\/v2\/pages"}],"about":[{"href":"https:\/\/icert.org.in\/index.php\/wp-json\/wp\/v2\/types\/page"}],"author":[{"embeddable":true,"href":"https:\/\/icert.org.in\/index.php\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/icert.org.in\/index.php\/wp-json\/wp\/v2\/comments?post=9790"}],"version-history":[{"count":3,"href":"https:\/\/icert.org.in\/index.php\/wp-json\/wp\/v2\/pages\/9790\/revisions"}],"predecessor-version":[{"id":29366,"href":"https:\/\/icert.org.in\/index.php\/wp-json\/wp\/v2\/pages\/9790\/revisions\/29366"}],"up":[{"embeddable":true,"href":"https:\/\/icert.org.in\/index.php\/wp-json\/wp\/v2\/pages\/9298"}],"wp:attachment":[{"href":"https:\/\/icert.org.in\/index.php\/wp-json\/wp\/v2\/media?parent=9790"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}