Study on Awareness of Payment and Adoption of Digital Payment System among Commerce Students

Abstract

India is a country with developing stage. The growth of economy is done into the fasted speed. Purchase and selling of products among the people was happened in old age years. Firstly people use barter system as the medium of exchange among the goods. But due to economic value of product the exchange in barter system had become difficult. So the concept of money was introduced among the people in the country. Money’s like Coins , Paper money and plastic money was introduced to the people. Then Later RBI has launched UPI or digital payment systems in the country. The young generation in India have made them self very comfortable with online or digital payment. Not only the young generations or college students but salaried people or people with earning income i.e educated and uneducated all have made themselves comfortable with digital payment systems. Due to immense growth in economy of India and growth in technology sector RBI have boosted digital payment on large platform. Google Pay, Paytm, Phone Pay, BHIM application and others. Smart cell phones in the hands of young generations and people have help a lot to increase the usage of digital payments among the people in India.