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January to March 2024 Article ID: NSS8463 Impact Factor:7.60 Cite Score:9464 Download: 136 DOI: https://doi.org/ View PDf
Financial Inclusion Implementation: A Study of Adaptation of Digital Payments Among Youth
Dr. Jaya Sharma
Asst. Professor (Commerce) Govt. Girls College, Sehore (M.P.) INDIA
Abstract: The economic and social development in any country
is quite related with Financial Inclusion in today’s world. Financial inclusion
has been explained as the availability of reliable medium for financial
products and services like banking, insurance, financial advisory services
etc., to various deprived sections of society and low-income group. The offline and online payment system plays a
very important role in bridging the gap between the haves and have nots. In past two decades India has been working on
developing such a system of financial service providing which is easily
accessible, cost effective and risk free for its citizens. Moving forward in
this way various online digital payment services have been initiated and people
are now using latest technologies regarding their financial work leading to
financial inclusion. This research paper focuses on the finding out various
factors affecting the adoption of online banking services and other modes of
digital payments specially among youth. The primary data has been collected
from the students of colleges and universities situated Sehore. The collected
data has been analysed, and interpretation is based on the output-derived. The
data collection from the youngsters was not too easy as many of the students
who come to sehore are from nearby villages and thus they hesitate to share
their financial information. In this research article, an attempt has been made
to study significantly on the factors affecting the utilization of online
financial services. This work would contribution to the literature regarding
analysis of financial inclusion.
Keywords: Financial Inclusion, Digital Payments, Online Financial Services, Financial Literacy.