Adoption Of Digital Payments' Impact on Financial Inclusion In Rural Haryana

Abstract

This study examines the impact of digital payment adoption on financial inclusion in rural Haryana. Although initiatives such as UPI, mobile wallets, Aadhaar-enabled payment systems, and Jan Dhan Yojana have expanded access to digital finance, gaps remain in rural usage and inclusion. The research investigates how the uptake of digital payments influences key dimensions of financial inclusion—access to formal financial services, frequency of formal transactions, savings behavior, credit access, and receipt of government transfers. The findings are expected to show that higher adoption of digital payments significantly improves financial participation, reduces dependence on cash, and enhances access to government schemes in rural areas. The study provides evidence-based recommendations for strengthening digital infrastructure, improving digital literacy, and promoting wider merchant acceptance to accelerate inclusive digital financial growth in rural Haryana. The main goal of the study is to find out how the introduction of digital payments affects financial inclusion in rural Haryana. This entails comprehending the motivations underlying the use of digital payment methods and analyzing their advantages, difficulties, and possible fixes to increase their efficacy in advancing financial inclusion.