A Study of Awareness about Digital Payments among Homemaker Specially Female in Vadodara District

Abstract

Abstract: Digital Payments are the fastest growing mode of payment in today's fast-paced digital world. Digital payment is a new concept that involves a monetary transaction between two or more people using an online or digital platform rather than physically exchanging money. The primary goal of going digital with payments is to keep a fair record of all monetary transactions and to keep people from losing or stealing their hard-earned money. With the rapid development of technology and the increasing popularity of digital payment methods, it is critical to understand the awareness and adoption of these services among diverse demographics. The purpose of this study is to look into the level of awareness and use of digital payment methods among homemakers in India, with a particular focus on females. The study was conducted in various urban and rural areas of India, with a diverse sample of homemakers. Data was gathered using a combination of surveys, interviews, and focus group discussions. The study focused on participants' understanding of various digital payment options, familiarity with associated technologies, and preferences for using such services. Demonetization, on the other hand, is causing a surge in cashless payments. In this future world, all payments will be made using contactless cards, mobile phone apps, and other electronic means, with notes and coins being phased out