Moving Towards Cashless Economy: Digital Payment- Awareness And Challenges
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Date
2024-12
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INDIAN SOCIETY FOR HEALTH AND ADVANCED RESEARCH
Abstract
Modern payment methods were made possible by the development of information and communication technologies. People's lives were made easier by the proliferation of smartphones and internet access, which also ushered in digitalization. In addition to enhancing trade and commerce, digitization also made the payment process is quick and easy. An attempt has been made to explore the various digital payment options which are available, its awareness and what are the challenges faced by people when they use digital payment methods. Data was collected from 151 respondents from Coimbatore city. It was found that people are very much aware about different digital payment options and they express their issues or challenges faced while making payment through internet. Chi-square test was also conducted to find the association between awareness and challenges faced by respondents.
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Keywords
Digital payment, cashless economy, Mobile banking, UPI
Citation
Rooplata, Bakyashri S. R. . Moving Towards Cashless Economy: Digital Payment- Awareness And Challenges. Paripex - Indian Journal Of Research. 2024 Dec; 13(12): 115-117