Paper Contents
Abstract
Abstract:This study analyses the effect of digital payment systems on rural financial transactions in terms of accessibility, transparency, and efficiency. The research assesses the contribution of Non-Banking Financial Companies (NBFCs) towards increasing digital financial inclusion and the role of digital payments in economic growth. Through the analysis of social impact, income differences, and financial conduct of borrowers, this study identifies the potential of digital payment solutions in revolutionizing rural economies.Also, a closer analysis of incomes real and presumed opens up lessons of financial upward movement, and demonstrates enhanced ability to earn, alongside income source diversification following lending. This investigation also addresses problems and potential with digital payment adaptation, its capabilities in efficient Ning financial movements as well as weakening reliance on physical cash.The key conclusions highlight the rising use of digital payments, financial literacy improvement, and the necessity for enhanced digital infrastructure in rural areas. The study ends by offering suggestions for increasing digital financial services and maximizing their effect on rural economies.
Copyright
Copyright © 2025 R Shyam Sudharsan. This is an open access article distributed under the Creative Commons Attribution License.
