The Impact of Financial Understanding on Implementing Digital Payments on Combating Economic Disparities Between Urban and Rural People

Roli, Gupta and Priya, . (2025) The Impact of Financial Understanding on Implementing Digital Payments on Combating Economic Disparities Between Urban and Rural People. International Journal of Trend in Scientific Research and Development, 9 (1). pp. 1013-1018. ISSN 2456-6470

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Abstract

In the current era, Digital Payment plays a pivotal role in drastically altering the economic landscape, but their potential gains are not evenly disbursed between urban-rural populations. The current study examines the influence of financial education as a key to the adoption of digital payment in rustic areas and how this adoption will bridge the gap between urban - and rural income disparity. Although there is widespread digital payment all over the economy, there is still evidence of an economic gap between these two populations because of a lack of financial awareness. The ongoing study is descriptive in nature and employs secondary data. The final outcome of the study reflects there is a significant association between financial awareness and the adoption of online payment, thereby eliminating the income disparity between urban-rural populations. Thus, the government should focus on formulating policies and education awareness programs with respect to initiating online payment integration in underprivileged areas.

Item Type:	Article
Subjects:	H Social Sciences > HC Economic History and Conditions
Divisions:	Postgraduate > Master's of Islamic Education
Depositing User:	Journal Editor
Date Deposited:	25 Feb 2025 04:58
Last Modified:	25 Feb 2025 04:58
URI:	http://eprints.umsida.ac.id/id/eprint/15581

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