Open AccessFactors Affecting the Adaptability of Digitalized mode of Payment among the Small Traders: A Logit Model Analysis
Author(s) -
Polakshi Bhattacharyya Baruah,
Anupam Dutta
Publication year - 2020
Publication title -
the review of finance and banking
Language(s) - English
Resource type - Journals
eISSN - 2067-2713
pISSN - 2067-3825
DOI - 10.24818/rfb.20.12.02.01
Subject(s) - payment , adaptability , transparency (behavior) , mode (computer interface) , business , database transaction , payment system , government (linguistics) , marketing , economics , computer science , computer security , finance , management , linguistics , philosophy , programming language , operating system
Digitalization has gained momentum in recent years in all sphere of life aroundthe globe. It has become an important factor of deÖning modernization, and instrumentalin speeding up economic growth by ensuring more transparency. After demonetization andemphasis on cashless transaction, digitalized mode of payment is being prioritized. Accord-ingly, government of India launched several schemes focusing on imparting training on digitalliteracy, but research shows that a section of population is still not adopting this digitaliza-tion process. This study tries to Önd the factors responsible for excluding a section of thepeople, especially the people of rural and semi urban area from this digitalized system. Ac-cordingly, a survey was conducted with the bamboo craft man of Raipur cluster of BarpetaDistrict of Assam, India, who is involved in small enterprises involving bamboo crafting.Direct interaction was being done with the respondents regarding the various problems andinconvenience faced in adapting the new system. A logit regression model has been usedto highlight the impact of various socio-economics factors, level of awareness about the newsystem of digitalization on their adaptability to the digitalized mode of payment