AWARENESS OF DIGITAL PAYMENT SYSTEM AMONG PG STUDENTS: A STUDY

The rapid advancement of digital technologies has significantly transformed the landscape of financial transactions, with digital payment systems gaining widespread adoption across various demographic segments. This study investigates the awareness and usage of digital payment systems among postgraduate (PG) students, focusing on their knowledge, preferences, and barriers to adoption. A structured questionnaire was adopted to a sample of PG students from K.L.E. Society’s G. I. Bagewadi Arts, Science and Commerce College, Nipani Karnataka and different disciplines, aiming to assess their familiarity with various digital payment platforms such as UPI (Unified Payments Interface), mobile wallets, and online banking services. The study finding reveals that while a majority of PG students are aware of digital payment system. Convenience, speed, and safety are key drivers for using digital payments, a significant portion of respondents express discomfort with high-value transactions. Furthermore, the varied reasons for using digital payments reflect a diverse range of user needs, from convenience to discounts and better record-keeping.