Digital Payment Adoption and Its Impact on Consumer Financial Behavior in India: A Step Towards Viksit Bharat 2047
Publication Date : 10-03-2026
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Digital payment systems have become an essential part of India’s financial transformation. The rapid growth of mobile technology, internet connectivity, and financial technology platforms has encouraged consumers to adopt cashless payment methods. This study examines the level of digital payment adoption and its influence on consumer financial behaviour. Primary data were collected from 280 respondents through a structured questionnaire. Statistical analysis indicates that digital payment usage significantly affects transaction habits, spending behaviour, and financial management. The findings suggest that wider adoption of digital payments supports financial inclusion, economic efficiency, and transparency. The expansion of digital financial services can therefore contribute to achieving the national vision of Viksit Bharat 2047.
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