Adoption of UPI and Implementation of UPI-ATM in India: A Logit Analysis
Tirthankar Mandal
Dr. Tirthankar Mandal, Assistant Professor, Department of Economics, Krishna Chandra College, Hetampur, Birbhum (West Bengal), India.
Manuscript received on 01 May 2023 | Revised Manuscript received on 10 May 2023 | Manuscript Accepted on 15 May 2023 | Manuscript published on 30 May 2023 | PP: 52-59 | Volume-3 Issue-1, May 2023 | Retrieval Number: 100.1/ijef.E799012050124 | DOI : 10.54105/ijef.E7990.03010523
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© The Authors. Published by Lattice Science Publication (LSP). This is an open-access article under the CC-BY-NC-ND license (http://creativecommons.org/licenses/by-nc-nd/4.0/)
Abstract: Unified Payments Interface (UPI) is a real-time payment system developed by the National Payments Corporation of India (NPCI). It was introduced to facilitate easy, quick, and secure online payments between banks. The Government of India is going to introduce UPI-ATM services after successful progress of UPI transaction. While challenges exist, such as limited digital literacy and connectivity issues, several factors have contributed to the adoption of UPI transactions. The present work finds the gap between rural and urban, male and female and technological knowledge and awareness in performing digital transactions. With the help of logit analysis, it has been observed a successful future of UPI-ATM services though there exists differences in many dimensions
Keywords: Digital India, UPI, UPI-ATM, Logistic Analysis
Scope of the Article: Banking