New Delhi: In India, the rate of digital payments in small towns and villages is taking off. Groceries, travels and other day-to-day needs are being paid using mobile phones by more people. Such transformation demonstrates the impact of technology on the rural lifestyle.
In the past, the digital payments were utilized primarily in the major cities. UPI can now be paid even at roadside shops and village markets. This has been enabled by cheap internet and affordable smartphones.
Government initiatives to encourage digital payments to be used as well have aided. The use of UPI apps has been explained through campaigns that have generated trust amongst the rural consumers. Online payments are considered secure and convenient to most individuals.
Payments are being done directly into the bank accounts of farmers. Small shopkeepers like go online as it takes away the chances of theft as well as it makes record keeping easy.
According to experts, the trend will enhance financial inclusion. There is an increase in the number of people moving to the official banking system. It further assists the state in tracing the deals and curbing black money.
