September 5, 2025International Journal For Multidisciplinary ResearchOpen Access

Financial Inclusion through Digital Payment Systems in India: Opportunities and Challenges

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Authors

KLK G LicyDepartment of Commerce BSBiju ScariaAdamson University

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Implication

Observational analysis reveals that convenience and government incentives influence digital payments in India, highlighting the need for improved digital literacy.

Key Points

Adoption of digital payment systems increases financial inclusion in India, driven by convenience and speed.
Findings indicate that 150 surveyed retail users identified government incentives as a primary motivator for using digital payments.
Concerns over cybersecurity and lack of digital literacy are significant barriers to broader adoption in rural areas.
Robust policy interventions are necessary to maximize the socio-economic benefits of financial inclusion through digital payments.

Cite This Study

Licy et al. (2025) studied this question.

synapsesocial.com/papers/68c23966b210217d6477bce1 https://doi.org/10.36948/ijfmr.2025.v07i04.54452

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Implication

Observational analysis reveals that convenience and government incentives influence digital payments in India, highlighting the need for improved digital literacy.

Financial Inclusion through Digital Payment Systems in India: Opportunities and Challenges

Discussion

Member takes

Implication

Key Points

Cite This Study

Financial Inclusion through Digital Payment Systems in India: Opportunities and Challenges

Discussion

Member takes

Implication

Key Points

Cite This Study

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Also Consider