A Study on Digital Payment Technologies and Their Impact on the Economic Growth in Thanjavur District

S Meenakshi; V. B Sakthigha

doi:10.34293/sijash.v13iS2-i4-Jan.10597

S Meenakshi Assistant Professor of Commerce, Bon Secours College for Women (Autonomous), Thanjavur, Tamil Nadu, India
V. B Sakthigha M.Com Student, Bon Secours College for Women (Autonomous), Thanjavur, Tamil Nadu, India

DOI: https://doi.org/10.34293/sijash.v13iS2-i4-Jan.10597

Keywords: Digital Payment Technologies, Economic Growth, UPI and Mobile Wallets, Financial Inclusion, Thanjavur

Abstract

Digital payment technologies have become an important part of the modern financial system and play a vital role in economic development. In recent years the use of digital payment methods such as UPI, debit cards, credit cards, and mobile wallets has increased significantly in India. This paper focuses particularly on examining how people in Thanjavur use digital payment methods, and also on analysing how these technologies contribute to their economic growth by saving time, increasing business efficiency, and reducing the use of cash. It also identifies the problems faced by users while adopting digital payments. The researcher collected data from 150 respondents in Thanjavur district. The data were collected using convenient sampling technique and further analysed using SPSS Version 20 for statistical tests. This study clearly concludes that increasing awareness and improving digital infrastructure support economic growth in Thanjavur District.