Welcome to the InfoSci Platform
Reference Hub1
Promoting Economic Sustainability Through the Adoption of Digital Payment Systems

Promoting Economic Sustainability Through the Adoption of Digital Payment Systems

Rajesh Shankaranarayana, Shalini Ramaswamy, Chaya Bagrecha, Kiran Hiremath, Madhavi A.
Copyright: © 2023 |Pages: 17
ISBN13: 9798369300084|ISBN13 Softcover: 9798369300091|EISBN13: 9798369300107
DOI: 10.4018/979-8-3693-0008-4.ch008
Cite Chapter Cite Chapter

MLA

Shankaranarayana, Rajesh, et al. "Promoting Economic Sustainability Through the Adoption of Digital Payment Systems." The Sustainable Fintech Revolution: Building a Greener Future for Finance, edited by Kuldeep Singh, et al., IGI Global, 2023, pp. 145-161. https://doi.org/10.4018/979-8-3693-0008-4.ch008

APA

Shankaranarayana, R., Ramaswamy, S., Bagrecha, C., Hiremath, K., & A., M. (2023). Promoting Economic Sustainability Through the Adoption of Digital Payment Systems. In K. Singh, R. Abraham, & P. Kolar (Eds.), The Sustainable Fintech Revolution: Building a Greener Future for Finance (pp. 145-161). IGI Global. https://doi.org/10.4018/979-8-3693-0008-4.ch008

Chicago

Shankaranarayana, Rajesh, et al. "Promoting Economic Sustainability Through the Adoption of Digital Payment Systems." In The Sustainable Fintech Revolution: Building a Greener Future for Finance, edited by Kuldeep Singh, Rebecca Abraham, and Prasanna Kolar, 145-161. Hershey, PA: IGI Global, 2023. https://doi.org/10.4018/979-8-3693-0008-4.ch008

Export Reference

Mendeley
Favorite

Abstract

Promoting economic sustainability through the adoption of digital payment is of great significance for the long-term development of a country. Minimizing the environmental impact and promoting cost savings can lead to economic growth and development. This chapter examines the adoption of digital payment systems and its impact on sustainability initiatives. A survey of 450 mobile consumers in Karnataka revealed that awareness level towards digital payment systems is 93%, and UPI is the most preferred mode of digital payments, based on linear regression and using SPSS. It is also seen that time saved and ease of maintenance for each banking transaction has an impact on economic sustainability. All the respondents were aware of the components of sustainable development, and most were willing to contribute towards economic sustainability, though threat due to fraud is still a matter of concern for most of the users. This study provides insights into factors that promote economic sustainability in the context of adoption of digital payment systems.

Request Access

You do not own this content. Please login to recommend this title to your institution's librarian or purchase it from the IGI Global bookstore.