{"id":21078,"date":"2024-10-05T16:57:27","date_gmt":"2024-10-05T11:27:27","guid":{"rendered":"http:\/\/www.sachdevajk.in\/?p=21078"},"modified":"2024-10-05T16:59:23","modified_gmt":"2024-10-05T11:29:23","slug":"influence-of-upi-transaction","status":"publish","type":"post","link":"http:\/\/www.sachdevajk.in\/?p=21078","title":{"rendered":"Influence of UPI Transaction"},"content":{"rendered":"

Influence of UPI Transaction<\/u><\/p>\n

\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 Ramjeet Yadav*, Tejas Ghuge ,Dushyant Mundra ,<\/sup>,Shashwat Shrivastava.<\/p>\n

1<\/sup> F4 2024-26 \u2013 021330124043, ITM Business School, Kharghar, Maharashtra, India<\/p>\n

2<\/sup> F4 2024-26 \u2013 021330024424, ITM Business School, Kharghar, Maharashtra, India<\/p>\n

3<\/sup> F4 2024-26 \u2013 021330024171, ITM Business School, Kharghar, Maharashtra, India<\/p>\n

4<\/sup> F4 2024-26 \u2013 021330024548, ITM Business School, Kharghar, Maharashtra, India<\/p>\n

\u00a0<\/strong><\/p>\n

Introduction<\/u><\/strong><\/p>\n

The Unified Payments Interface \u00a0has emerged as a transformative force in the landscape of digital payments, particularly in India. Launched in 2016 by the National Payments Corporation of India, UPI has revolutionized the way consumers and businesses conduct financial transactions. By enabling instant money transfers, facilitating real-time payments, and promoting a cashless economy, UPI has significantly influenced various sectors of the economy and daily life.<\/p>\n

Objective<\/u><\/strong><\/p>\n

Analyze how UPI has improved access to banking services for underserved populations, promoting financial inclusion and empowering individuals who previously relied on cash.<\/p>\n

Literature review<\/u><\/strong><\/p>\n

    \n
  1. The study, utilizing the Technology Acceptance Model (TAM), found that simplicity and interoperability positively influence mobile payment adoption, while concerns about security negatively impact consumer behavior. Despite the growing preference for non-cash transactions, users remain apprehensive about the safety of their financial details during online transactions.<\/li>\n
  2. Digital payments are critical in today\u2019s rapidly evolving technology environment, where individuals expect frictionless, secure, and large-scale transactions without the use of currency. There are numerous ways to make a digital payment, one of which is a UPI (Unified Payments Interface) transaction, in which anyone can complete a transaction just by utilizing a cell phone.<\/li>\n<\/ol>\n

    Data collection\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 <\/u><\/strong><\/p>\n

    Following questions were framed on liked scale with the help of google forms.\u00a0<\/p>\n

    Q1. I spent more with UPI than other methods.<\/p>\n

    Q2. \u00a0I made more impulsive purchases using UPI.<\/p>\n

    Q3. I found myself spending more frequently with UPI.\u00a0\u00a0\u00a0<\/p>\n

    Q4. I spent more because UPI is easier than Cash.<\/p>\n

    Q5. I am more Comfortable making large payment with UPI being.<\/p>\n

    Students of ITM Business School were surveyed. For every question, mean, standard error, and Z value was calculated.<\/p>\n

    Data analysis<\/u><\/strong><\/p>\n\n\n\n\n\n\n\n\n
    \n

    \u00a0<\/p>\n<\/td>\n

    		\n

    \u00a0\u00a0\u00a0\u00a0 Q1<\/p>\n<\/td>\n

    		\n

    \u00a0\u00a0\u00a0 Q2<\/p>\n<\/td>\n

    		\n

    \u00a0\u00a0\u00a0 Q3<\/p>\n<\/td>\n

    		\n

    Q4<\/p>\n<\/td>\n

    		\n

    Q5<\/p>\n<\/td>\n<\/tr>\n

    \n

    Mean<\/p>\n<\/td>\n

    		\n

    4.13<\/p>\n<\/td>\n

    		\n

    3.98<\/p>\n<\/td>\n

    		\n

    4.08<\/p>\n<\/td>\n

    		\n

    3.96<\/p>\n<\/td>\n

    		\n

    3.68<\/p>\n<\/td>\n<\/tr>\n

    \n

    SD<\/p>\n<\/td>\n

    		\n

    0.93<\/p>\n<\/td>\n

    		\n

    0.96<\/p>\n<\/td>\n

    		\n

    1.05<\/p>\n<\/td>\n

    		\n

    1.13<\/p>\n<\/td>\n

    		\n

    1.16<\/p>\n<\/td>\n<\/tr>\n

    \n

    SE<\/p>\n<\/td>\n

    		\n

    0.08<\/p>\n<\/td>\n

    		\n

    0.08<\/p>\n<\/td>\n

    		\n

    0.09<\/p>\n<\/td>\n

    		\n

    0.10<\/p>\n<\/td>\n

    		\n

    0.10<\/p>\n<\/td>\n<\/tr>\n

    \n

    Z<\/p>\n<\/td>\n

    		\n

    13.91<\/p>\n<\/td>\n

    		\n

    11.60<\/p>\n<\/td>\n

    		\n

    11.65<\/p>\n<\/td>\n

    		\n

    9.70<\/p>\n<\/td>\n

    		\n

    6.64<\/p>\n<\/td>\n<\/tr>\n

    \n

    RESULT<\/p>\n<\/td>\n

    		\n

    Agree<\/p>\n<\/td>\n

    		\n

    Agree<\/p>\n<\/td>\n

    		\n

    Agree<\/p>\n<\/td>\n

    		\n

    Agree<\/p>\n<\/td>\n

    		\n

    Agree<\/p>\n<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n

    \u00a0<\/p>\n

    Conclusion<\/u><\/strong><\/p>\n

      \n
    1. Students Agree spent more with UPI than other methods.<\/li>\n
    2. Students Agree made more impulsive purchases using UPI.<\/li>\n
    3. Students Agree I found myself spending more frequently with UPI.<\/li>\n
    4. Students Agree spent more because UPI is easier than Cash.<\/li>\n
    5. Students Agree am more Comfortable making large payment with UPI<\/li>\n<\/ol>\n

      Students of ITM Business School were surveyed. For every question, mean, standard error, and Z value was calculated.<\/p>\n

      Reference<\/u><\/strong><\/p>\n

        \n
      1. Pillai, S. S., Sandhya, G., & Rejikumar, G. (2019). Acceptance of mobile payments and UPI technology – Indian context. International Journal of Banking, Finance and Informatics<\/em>, 5<\/em>(4), 371-384.<\/li>\n
      2. Kumar, S. P., Guhan, M., Kishorekumar, S., & Akshay, A. L. (2023). Investigation of failure in UPI transactions using cause & effect diagram and fault-tree analysis. AIP Conference Proceedings<\/em>, 2773<\/em>, 030002.<\/li>\n<\/ol>\n","protected":false},"excerpt":{"rendered":"

        Influence of UPI Transaction \u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 Ramjeet Yadav*, Tejas Ghuge ,Dushyant Mundra ,,Shashwat Shrivastava. 1 F4 2024-26 \u2013 021330124043, ITM Business School, Kharghar, Maharashtra, India 2 F4 2024-26 \u2013 021330024424, ITM Business School, Kharghar, Maharashtra, India 3 F4 2024-26 \u2013 021330024171, ITM Business School, Kharghar, Maharashtra, India 4 F4 2024-26 \u2013 021330024548, ITM Business School, Kharghar,… Continue reading Influence of UPI Transaction<\/span><\/a><\/p>\n","protected":false},"author":139470,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[38],"tags":[],"class_list":["post-21078","post","type-post","status-publish","format-standard","hentry","category-finance","entry"],"_links":{"self":[{"href":"http:\/\/www.sachdevajk.in\/index.php?rest_route=\/wp\/v2\/posts\/21078","targetHints":{"allow":["GET"]}}],"collection":[{"href":"http:\/\/www.sachdevajk.in\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"http:\/\/www.sachdevajk.in\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"http:\/\/www.sachdevajk.in\/index.php?rest_route=\/wp\/v2\/users\/139470"}],"replies":[{"embeddable":true,"href":"http:\/\/www.sachdevajk.in\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=21078"}],"version-history":[{"count":1,"href":"http:\/\/www.sachdevajk.in\/index.php?rest_route=\/wp\/v2\/posts\/21078\/revisions"}],"predecessor-version":[{"id":21079,"href":"http:\/\/www.sachdevajk.in\/index.php?rest_route=\/wp\/v2\/posts\/21078\/revisions\/21079"}],"wp:attachment":[{"href":"http:\/\/www.sachdevajk.in\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=21078"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"http:\/\/www.sachdevajk.in\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=21078"},{"taxonomy":"post_tag","embeddable":true,"href":"http:\/\/www.sachdevajk.in\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=21078"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}