A Study on Impact of Digital Payments in Bantwal Taluk, Dakshina Kannada District

Abstract

This paper seeks to identify the present trend towards the adoption of digital payments in rural areas of Bantwal Taluk of Dakshina Kannada. The term Digital Payment means making payment to other person with the help of internet or through electronic mode instead of paper money. The initiative of Digital Payments was taken by Government of India after the announcement of demonetization on 8th November 2016. Digital Payments was initiated to bring transparency in transactions and eliminating black money. It was actually a move towards cashless economy. Further, digital payments was encouraged to provide sufficient cash availability to the banks for providing credit to people. Till date, a considerable part of society has started using Digital mode of Payments, but still people feel scared of using Internet Banking, debit cards, e-cash etc. Initially the Government was providing considerable incentives for digital payments but now a decline has been seen in this push. This paper tries consumer’s perception or adoption of digital payments in rural parts of Bantwal Taluk of Dakshina Kannada district and it also tries to find out the problems faced by people in making Digital Payments.