A Study On The Role Of Digital Financial Literacy In Digital Payment Adoption In Kanyakumari District

Abstract

Digital payments are transactions that occur through digital and online modes. In this money transfer from one place to another with the help of a digital device or apps or having access to the internet. It is also known as electronic payment. A Large portion of the population has accessed to the Internet and is using smart phones. Digital technology facilitates all financial transactions, including online purchases, online investing, and online insurance.The main aim of the study is to identifythe digital payment adoption of consumers and relationship between financial literacy and digital payment adoption.This study is mainly based on the survey research. Simple random and multi stage stratified random sampling technique has used. It is based on well-structured questionnaire which was conducted to study the digital payment adoption of consumers and relationship between financial literacy and digital payment adoption. The questionnaires were distributed to 150 respondents in Kanyakumari District. Primary data were collected with the help of questionnaire from 150 respondents of the Kanyakumari District. Secondary data were collected with the help of online sources, journals and reports..