Rural areas in India rely heavily on cash transactions as digital payments have not been widely adopted. Approximately 60% of rural Indians are aware of digital payments but most still use cash. Increasing smartphone adoption and regulatory policies have helped grow digital payment infrastructure, but rural penetration remains low at around 40%. For digital payments to grow in rural India, affordable smartphone access must increase along with education about benefits and safe usage.
Rural areas in India rely heavily on cash transactions as digital payments have not been widely adopted. Approximately 60% of rural Indians are aware of digital payments but most still use cash. Increasing smartphone adoption and regulatory policies have helped grow digital payment infrastructure, but rural penetration remains low at around 40%. For digital payments to grow in rural India, affordable smartphone access must increase along with education about benefits and safe usage.
Rural areas in India rely heavily on cash transactions as digital payments have not been widely adopted. Approximately 60% of rural Indians are aware of digital payments but most still use cash. Increasing smartphone adoption and regulatory policies have helped grow digital payment infrastructure, but rural penetration remains low at around 40%. For digital payments to grow in rural India, affordable smartphone access must increase along with education about benefits and safe usage.
URBAN INDIA comes under rural the payments method is dominated by cash. About only 60% of The Indian economy has been the total population of rural peoples are dominated by cash. But the increased aware of and using the digital payments smartphone adoption and favorable method leaving majority part still regulatory policies have created the unaware of this things. baseline infrastructure required for a leapfrog growth in digital payments. More than 44% peoples in urban areas are using digital payments option for their convinience. Explaining the effect after using Providing cheaper smartphones so Digital Payment Method everyone can afford
The growth in digital payment methods
can be only done if we increase the First of all rural peoples should be smartphone penetration in rural areas. As aware of both advantages and a greater number of people will increase disadvantages ,like how this will create the use of smartphones, they will get to ease in their life and how misuse of know the convinience of it. this can affect them This will allow people in rural India a more Mini ATM convenient method to deal with cash. Most of the people are still struggling with their cash withdrawing through banks, this approach will definitely help them a lot. This will educe their efforts of getting into bank and standing in long queue also this will enable shopkeeper and customer a better mode of transaction.
To achieve this in rural areas the main
problem will to introduce the cause of the machine. They should create an awareness campaign to introduce this machine.After creating awareness they have to teach the people about how to use this machine so people over their can use it effectively.