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VOL. 9, ISSUE 3 (2023)
Impact of digital payment system on street vendors: A case study of Rohtak city of Haryana
Authors
Seema, Sheetal
Abstract
In present
transforming era with rapid evolution of smart phones mode of payments is also
changed. Because of fast and easy to use services of digital payments methods
such as transfer via UPI and net banking accelerating. Initially big e-
commerce companies preferred online mode of transaction but now common and even
illiterate persons are moving towards this method of payment. GOI also promoting
digital payments to increase financial inclusion to ensure that monetary policy
can be implemented effectively. This paper is an effort towards analyzing the
impact of digital transactions on street vendors of Haryana via case study of
Rohtak city. By using primary data collected through questionnaire method. This
study try to analyze various factors that can affect the adoption of digital
payment method such COVID-19, income and education level of the respondents.
This study also tries to find out the contribution of digital payment on the
sales of the street vendors. It concluded that Education doesn’t have
significant effect on the adoption of digital transactions and more than sixty
percent vendors adopted this mode of payment due to COVID-19. Results show that
only 32% respondents think that their sale has been increased after using
digital transactions method. There are many challenge faces by vendors due to
online payments including - technical issues, threat of security etc. To ensure
secure and fast expansion of this mode government needs to takes essential
steps.
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Pages:32-35
How to cite this article:
Seema, Sheetal "Impact of digital payment system on street vendors: A case study of Rohtak city of Haryana". International Journal of Humanities and Social Science Research, Vol 9, Issue 3, 2023, Pages 32-35
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