FINANCIAL INCLUSION AND DIGITAL PAYMENTS

Abstract

Financial inclusion is essentially defined as the planning of financial services to everybody. Digital payments take the form of electronic transactions to either receive or transfer funds. It does not include paper cash in the process of the transaction. A digital payment actually involves an electronic-transfer of money through various means, such as online banking and mobile wallet, to digital platforms. The provision of a cashless and efficient transaction method by which transactions are conducted securely is digital payment. Financial inclusion and digital payments together could help people easily adopt financial services and ultimately enhance their lives, thus contributing to economic development.

This paper aims to investigate the influence of digital financial inclusion on different areas of north Uttar Pradesh. A comparative analysis of digital payment and financial inclusion between banked and unbanked people of Uttar Pradesh. Data collection was carried out using a survey questionnaire and by the study of previous research papers