A Study on Imapct Of Upi Transaction and Cashless Economy with Reference to Coimbatore City

The study investigates the impact of Unified Payments Interface (UPI) transactions on the cashless economy in Coimbatore city, focusing on a sample of 150 respondents in August 2024. The rapid adoption of UPI has transformed the way financial transactions are conducted, promoting convenience and efficiency. This research aims to analyze the factors influencing the acceptance of UPI, the demographic variations in usage, and the overall perception of a cashless economy among the residents of Coimbatore. Data collected through surveys reveals that a significant portion of the respondents prefers UPI over traditional cash transactions due to its ease of use, speed, and security features. The findings indicate that younger individuals are more inclined towards adopting UPI, while older generations still exhibit a preference for cash. Furthermore, the study highlights the challenges faced in the transition to a cashless economy, including digital literacy and concerns over cybersecurity.