The Role of Digital Payment Technologies in Promoting Financial Inclusion in India

P. SANDEEP

ROII NO: 24R11EOO41, II Year II Semester, Department of Management Studies, Geethanjali College of Engineering and Technology, Hyderabad, Telangana, India

24r11e0041@gcet.edu.in

K. Lavanya

Sr Asst. Professor

Department of Management Studies

Geethanjali College of Engineering and Technology

lavanya.mba@gcet.edu.in

Abstract: Digital payment technologies have transformed the financial ecosystem by enabling secure, convenient, and efficient financial transaction. In India rapid advancements in digital payment platform such as unified payments interface (UPI), mobile banking internet banking, digital wallets, and card-based payments systems have significantly contributed to promoting financial inclusion. This study examines the role of digital payment technologies in expanding access to formal financial service and improving financial participation among individuals and small business. The study is based on secondary data collected from reliable sources such as Reserve bank of India (RBI), National payments Corporation of India (NPCI), government reports, and published research articles. Correlation analysis is used to examine the relationship between digital payment adoption and financial inclusion.

Keywords- Digital Payments, Financial Inclusion, UPI, Mobile Banking, Digital Wallets