INTERNATIONAL JOURNAL OF NOVEL RESEARCH AND DEVELOPMENT International Peer Reviewed & Refereed Journals, Open Access Journal ISSN Approved Journal No: 2456-4184 | Impact factor: 8.76 | ESTD Year: 2016
Scholarly open access journals, Peer-reviewed, and Refereed Journals, Impact factor 8.76 (Calculate by google scholar and Semantic Scholar | AI-Powered Research Tool) , Multidisciplinary, Monthly, Indexing in all major database & Metadata, Citation Generator, Digital Object Identifier(DOI)
ABSTRACT
This study explores the analytical purview of Unified Payments Interface (UPI) payments on financial inclusion and the business sector. While questionnaires provide valuable primary data, limitations like sample bias and potential for misreporting necessitate a multifaceted approach. Combining survey data with official statistics and incorporating qualitative interviews with both individuals and businesses can offer a more comprehensive understanding.
The study acknowledges that the time frame might not capture the full impact on evolving businesses and the long-term trends of UPI's influence.
Looking ahead, the future scope of UPI payments presents exciting possibilities for further financial inclusion and business sector transformation. These include features like UPI AutoPay simplifying financial management, Buy Now, Pay Later services boosting sales, and embedded functionalities streamlining transactions. Additionally, expanding UPI for cross-border transactions could reshape international trade and global financial inclusion. By acknowledging limitations and exploring future potential, researchers can gain a deeper understanding of UPI's role in shaping the financial landscape.
Keywords:
UPI Payments, Financial Inclusion, Business Sector, Impact of UPI System
Cite Article:
"An analytical purview of the impact of UPI payments on financial business sector and financial inclusion", International Journal of Novel Research and Development (www.ijnrd.org), ISSN:2456-4184, Vol.9, Issue 3, page no.f620-f644, March-2024, Available :http://www.ijnrd.org/papers/IJNRD2403572.pdf
Downloads:
00041
ISSN:
2456-4184 | IMPACT FACTOR: 8.76 Calculated By Google Scholar| ESTD YEAR: 2016
An International Scholarly Open Access Journal, Peer-Reviewed, Refereed Journal Impact Factor 8.76 Calculate by Google Scholar and Semantic Scholar | AI-Powered Research Tool, Multidisciplinary, Monthly, Multilanguage Journal Indexing in All Major Database & Metadata, Citation Generator
Facebook Twitter Instagram LinkedIn