Dublin Core The Dublin Core metadata element set is common to all Omeka records, including items, files, and collections. For more information see, http://dublincore.org/documents/dces/. Title A name given to the resource Articles Article Faculty Publications -Articles Dublin Core The Dublin Core metadata element set is common to all Omeka records, including items, files, and collections. For more information see, http://dublincore.org/documents/dces/. Title A name given to the resource Analysing the market for digital payments in India using the predator-prey model Subject The topic of the resource ARIMA; Digital payments; Predator-prey model; Unified payments interface Description An account of the resource Technology has revolutionized the way transactions are carried out in economies across the world. India too has witnessed the introduction of numerous modes of electronic payment in the past couple of decades, including e-banking services, National Electronic Fund Transfer (NEFT), Real Time Gross Settlement (RTGS) and most recently the Unified Payments Interface (UPI). While other payment mechanisms have witnessed a gradual and consistent increase in the volume of transactions, UPI has witnessed an exponential increase in usage and is almost on par with pre-existing technologies in the volume of transactions. This study aims to employ a modified Lotka-Volterra (LV) equations (also known as the Predator-Prey Model) to study the competition among different payment mechanisms. The market share of each platform is estimated using the LV equations and combined with the estimates of the total market size obtained using the Auto-Regressive Integrated Moving Average (ARIMA) technique. The result of the model predicts that UPI will eventually overtake the conventional digital payment mechanism in terms of market share as well as volume. Thus, the model indicates a scenario where both payment mechanisms would coexist with UPI being the dominant (or more preferred) mode of payment. 2023 Balikesir University. All rights reserved. Creator An entity primarily responsible for making the resource Raghavendra V.; Veeresha P. Source A related resource from which the described resource is derived International Journal of Optimization and Control: Theories and Applications, Vol-13, No. 1, pp. 104-115. Publisher An entity responsible for making the resource available Balikesir University Date A point or period of time associated with an event in the lifecycle of the resource 2023-01-01 Identifier An unambiguous reference to the resource within a given context <a href="https://doi.org/10.11121/ijocta.2023.1306" target="_blank" rel="noreferrer noopener">https://doi.org/10.11121/ijocta.2023.1306</a> <br /><br /><a href="https://www.scopus.com/inward/record.uri?eid=2-s2.0-85148571255&amp;doi=10.11121%2Fijocta.2023.1306&amp;partnerID=40&amp;md5=b59978b1940967633d64e43286908055" target="_blank" rel="noreferrer noopener">https://www.scopus.com/inward/record.uri?eid=2-s2.0-85148571255&amp;doi=10.11121%2fijocta.2023.1306&amp;partnerID=40&amp;md5=b59978b1940967633d64e43286908055</a> Rights Information about rights held in and over the resource All Open Access; Gold Open Access Relation A related resource ISSN: 21460957 Format The file format, physical medium, or dimensions of the resource Online Language A language of the resource English Type The nature or genre of the resource Article Coverage The spatial or temporal topic of the resource, the spatial applicability of the resource, or the jurisdiction under which the resource is relevant Raghavendra V., Department of Mathematics, CHRIST (Deemed to be University), Bengaluru, India; Veeresha P., Center for Mathematical Needs, Department of Mathematics, CHRIST (Deemed to be University), Bengaluru, India