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9 articles for “UPI transaction”
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Revolution of Digital Payment in India
Abstract: India's digital payment revolution is rewriting the country's financial narrative at a remarkable pace. Fuelled by the phenomenal success of the Unified Payments Interface (UPI), India has witnessed a staggering surge in digital transactions. To put it in perspective, in financial year 2023, more than 100 billion digital transactions took place across India. This study aims to examine the digital payment revolution in India, delving into the various factors driving …
Published in Journal of Mobile Computing, Communications & Mobile Networks · Vol. 10, Issue 3, 2023 · pp. 29–37 Read article
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Analysis of Market Growth of Digital Payment Tools in India with Special Reference to UPI
Abstract: Digital transaction provides a transparent and easy way for customers; this new paradigm of financial transactions leads to an increment in the trust of customers. The Indian retail market has completely shifted to the Unified Payment Interface (UPI) for digital payment transactions. The Internet and Mobile Association of India report forecasts that the number will reach 900 million by 2025. Digital transactions facilitate numerous benefits over cash transactions, including convenience, …
Published in Journal of Artificial Intelligence Research & Advances · Vol. 11, Issue 3, 2024 · pp. 1–12 Read article
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Enhancing Security of UPI Payments Through Artificial Intelligence
Abstract: The integration of Artificial Intelligence (AI) into modern digital payment systems has brought about a significant transformation in the banking and financial sector. Among these systems, the Unified Payments Interface (UPI), developed by the National Payments Corporation of India (NPCI), has emerged as one of the most successful real-time payment mechanisms due to its simplicity, accessibility, and efficiency. With the incorporation of AI technologies, UPI has witnessed notable improvements in …
Published in International Journal of Mobile Computing Technology · Vol. 3, Issue 2, 2025 · pp. 7–12 Read article
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Unified Payment Interface: A Way Towards a Cashless Journey
Abstract: In the sector of digital payments, the Unified Payment Interface (UPI) is known as an innovative system that has completely changed how business is done in India. This study analyzes the role of UPI in promoting a cashless society. The purpose of the research is to look into the primary features and advantages of UPI, its rate of adoption, and challenges encountered during implementation. The UPI system is briefly described …
Published in E-Commerce for Future & Trends · Vol. 10, Issue 1, 2023 · pp. 35–39 Read article
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A Study on Perception and Behavior of Consumers Towards Digital Financial Transactions
Abstract: The rapid evolution of digital technology, coupled with increased smartphone usage and proactive governmental policies, has revolutionized the landscape of financial transactions. This study examines consumer perceptions and behavioral patterns related to digital payment systems, with a specific focus on usage trends, preferences, and concerns. Utilizing primary data collected through a structured survey of 110 respondents in North Delhi, the research reveals that digital transactions are predominantly perceived as convenient, …
Published in E-Commerce for Future & Trends · Vol. 12, Issue 2, 2025 · pp. 60–69 Read article
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A Study on Behavioral Economic Analysis Among Gen Z in Navi Mumbai: Reference to UPI
Abstract: India is well on its way to becoming a cashless nation with the launch of the Unified Payment Interface (UPI). The new payment system enables your smartphone to function as a virtual debit card. UPI-based payment apps have notably influenced consumer behavior, especially among the tech-savvy Generation Z (Gen Z), as the digital landscape continues to evolve. In Navi Mumbai, UPI was designed to offer users efficiency, widespread accessibility, transparency, …
Published in E-Commerce for Future & Trends · Vol. 11, Issue 3, 2024 · pp. 33–47 Read article
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Smart Shuttle System: An IoT and Machine Learning Based Approach
Abstract: The Smart Shuttle System is an IoT-based system designed to provide a hassle-free, cashless payment experience for students using the shuttle service. The system utilizes RFID (Radio Frequency Identification) technology to identify students and deduct the fare amount from their account. Radio Frequency Identification (RFID) technology is being considered as an alternative to traditional money and Unified Payments Interface (UPI) for making payments due to several advantages it provides over …
Published in International Journal of Satellite Remote Sensing · Vol. 1, Issue 1, 2023 · pp. 9–22 Read article
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Impact of UPI on Spending Patterns of Consumers
Abstract: Modalities of digital payment Mobile holdalls have brought simplicity and speed to our lives. The inconvenience, risk, and restrictions of carrying cash can all be removed with the use of widely accessible digital payment services. Discounts, cashbacks, and waivers: Benefits and savings for users of digital payment apps and mobile wallets There are many online payment banks that provide good cash-back deals. As a result, customers cease using cash. However, …
Published in Journal of Microelectronics and Solid State Devices · Vol. 10, Issue 3, 2023 · pp. 22–30 Read article
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Kinds of Digital Payment Technology: Exploring the Evaluation
Abstract: Digital payment technologies has revolutionized financial transactions, immolating faster, safe, and more approachable solutions. This paper inspects the evolution and types of digital payment systems, embrace Near Field Communication (NFC), Quick Response (QR) codes, mobile wallets, blockchain-based payments, and biometric authentication. It examines key drivers of adoption, such as accessible and technological advancements, while addressing threats like security risks and regulatory compliance. The study provides the role of these technologies …
Published in Journal of Telecommunication, Switching Systems and Networks · Vol. 12, Issue 1, 2025 · pp. 9–14 Read article