Investor Shelf
Library/International Journal of Research in Finance and Management

Awareness of Digital Payment Systems Among Salaried Employees (International Journal of Research in Finance and Management)

Save
Research paperInternational Journal of Research in Finance and ManagementNovember 202610 pages15 min readManjunatha B, B Manjunatha, K Nagendra BabuOriginal source
Key number
95.51%
Respondents aware of UPI p.4
Largest segment
4.82 mean score
Most preferred method: UPI mean score p.5

Summary

  • A survey of 89 salaried employees in Hassan district, Karnataka, examined awareness, preferences, benefits and challenges of digital payments.p.1
  • UPI is the most preferred payment method, with the highest mean score of 4.82.p.5
  • 85.39% of respondents think digital payments help reduce cash transactions.p.6

Key insights

  1. A chi-square value of 133.20 against a table value of 9.49 shows that certain payment methods are preferred to a greater extent, particularly UPI.p.5
  2. Security concerns are the most reported challenge at 29.21%, followed by internet connectivity issues at 26.97%.p.6
  3. Satisfaction is high, with 33 respondents highly satisfied and 41 satisfied.p.9

Funders mentioned

Commerce VenturesCreative VenturesSignificant Ventures

Topics and entities

Instant paymentsPaymentsReserve Bank of IndiaUPI

Summary and figures generated from the document and checked automatically: every number shown appears on the cited page. The full document is available from the publisher. Publishers can request removal.