Authors

1. Aditya Agarwal
2. Yash Chumbhale
3. Tamisrajit Mishra

Introduction:

Student life is full of new and exciting experiences and there is often lots going on. It is important to take the time to look after yourself with lifestyle changes. UPI payments helps to make your life easy with easy recording of transactions and also it is easy to use.

Objective:

To understand why students, prefer UPI payments.

Data Collection:

Data was generated with the help of google Forms from the students of ITM Business School. We have used Convenient Sampling for the data collection.

The following questions were framed to collect data on google form:

1. UPI is easy to use.
2. UPI makes payment quickly
3. Daily exceed limit is the biggest problem in UPI payments
4. UPI provides flexibility and easy tracking of spending
5. Transaction processing creates confusion

Data Analysis:

Q1 Q2 Q3 Q4 Q5
MEAN 1.43 1.54 2.02 1.82 2.59
STANDARD DEVIATION 0.56 0.59 0.90 0.72 1.17
STANDARD ERROR 0.06 0.06 0.09 0.07 0.12
Z-SCORE 2.42 2.40 2.75 2.46 2.79

Conclusion:

From this research, we can conclude that out of 100 responses,

1. 60% of students strongly agree that UPI is easy to use.
2. 53% of students strongly agree that UPI makes payment quickly.
3. 35% of students agree that daily exceed limit is the biggest problem in UPI payments.
4. 51.5% of students agree that UPI provides flexibility and easy tracking of spending.
5. 32 % of students agree that Transaction processing in UPI creates confusion.