Exploring the Influence of Financial Literacy on Adoption of Digital Payment Systems by Small-Scale Merchants

This study investigates the influence of financial literacy on the acceptance of digital payment systems among small-scale merchants, aiming to uncover the factors that affect this adoption process. The research used Smart PLS4 software to analyse data and evaluate the impact of different levels of financial literacy on merchants’ propensity to embrace digital payment methods. The findings indicate that merchants with a higher degree of financial literacy are more inclined to use digital payment systems, seeing the benefits of enhanced financial management and more convenience for consumers. On the other hand, those with less financial literacy display more caution due to concerns about the security and complexity of digital systems. This study offers valuable insights into the barriers and incentives for accepting digital payments and suggests the need for targeted financial education programs to support small businesses in embracing new technology.

Authors

Publication Details

Journal
MUDRA Journal of Finance and Accounting
Published
2025-05-03
DOI
https://doi.org/10.17492/jpi.mudra.v12i1.1212508
Primary Topic
FinTech, Crowdfunding, Digital Finance
Type
article
Field-Weighted Citation Impact
0.00
Controls
|||
ALL TIME
JAN
FEB
MAR
APR
MAY
JUN
JUL
AUG
SEP
OCT
article

Exploring the Influence of Financial Literacy on Adoption of Digital Payment Systems by Small-Scale Merchants

Nishtha Ujjawal, Kali Ram Gola, Shagun Sharma, Vinod Kumar Bagar
1 links
MUDRA Journal of Finance and Accounting
FinTech, Crowdfunding, Digital Finance
article

Exploring the Influence of Financial Literacy on Adoption of Digital Payment Systems by Small-Scale Merchants

Nishtha Ujjawal, Kali Ram Gola, Shagun Sharma, Vinod Kumar Bagar
article en

Abstract

This study investigates the influence of financial literacy on the acceptance of digital payment systems among small-scale merchants, aiming to uncover the factors that affect this adoption process. The research used Smart PLS4 software to analyse data and evaluate the impact of different levels of financial literacy on merchants’ propensity to embrace digital payment methods. The findings indicate that merchants with a higher degree of financial literacy are more inclined to use digital payment systems, seeing the benefits of enhanced financial management and more convenience for consumers. On the other hand, those with less financial literacy display more caution due to concerns about the security and complexity of digital systems. This study offers valuable insights into the barriers and incentives for accepting digital payments and suggests the need for targeted financial education programs to support small businesses in embracing new technology.

MUDRA Journal of Finance and AccountingVol. 12(1)
Quality Education
Openalex Percentile: Top 85%
FinTech, Crowdfunding, Digital Finance
AI Navigator

Ask Laika to Summarize, Analyze, and Connect papers live on the map.

Summarize Papers & Methodologies

Extract key findings, datasets, and comparative methods across publications.

Benchmark Rankings & Visual Analytics

Rank top research institutions, authors, funders, topics, and journals by Field-Weighted Citation Impact (FWCI) and paper volume with instant charts.

Connect Distant Disciplines

Bridge topological clusters on the map to find hidden collaborative intersections.

Exploring the Influence of Financial Literacy on Adoption of Digital Payment Systems by Small-Scale Merchants — Nishtha Ujjawal, Kali Ram Gola, et al. · MUDRA Journal of Finance and Accounting (2025) | TGRS Research Map | TGRS