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Factors Influencing Consumer Adoption of Online Payment Methods and Analysis of Risks and Challenges in Indore, India
Author Name

Shrutika Nigam Assistant Professor IPS Academy Indore

Abstract

People used to transact using the barter system in previous times when there was no formal currency system. Later, people began to transact using money notes and coins. People pay their bills in the modern digital age utilizing a variety of methods, including credit cacardsdebit cards, the iInternet and mobile devices. People now conduct business online using digital technology. People are making purchases and carrying out transactions using mobile devices, ATMs, credit cards, Bitcoin, e-wallets, and third parties like PayPal because they find the process convenient and think the system is valuable. Many people have become interested in online payments as a result of the iInternetand the demonetization of currency. Many people in Indore and throughout India have been interested in online payments as a result of the internet's development and the country's recent demonetization. The goal of this research study is to understand how customers in Indore feel and behave toward iInternetpayments. Due to technology, mobile users can now use their cell phones to conduct financial transactions or make payments utilizing the phone's built-in applications. The current study also aims to investigate the numerous elements that may influence a consumer's choice of online payment method. In addition, the study looks into the hazards and difficulties that users of online payment systems may encounter.

 



Published On :
2023-08-03

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