Adoption and Usage of Digital Financial Services in Karnataka, India: Spatial, Gender and Age Disparities
- Title
- Adoption and Usage of Digital Financial Services in Karnataka, India: Spatial, Gender and Age Disparities
- Creator
- Ravikumar T.; Girish S.; Lavanya D.; Murugan N.
- Description
- Financial services are digitized to widen access to finance and ensure transparency in financial transactions using technologies such as "Artificial Intelligence" (AI), "Machine Learning" (ML), "Big Data Analytics" (BDA), and "Blockchain Technology" (BT). Digital Financial Services (DFS) have increasingly been adopted by customers as the DFS are safe and secure, affordable, faster, convenient, and accessed anytime. The government and the RBI have taken many initiatives to promote DFS. Further, Digital Financial Services Providers (DFSP)-FinTech companies and formal financial institutions-come up with innovative DFS to suit the needs of the customers. As a result, DFS adoption and usage have grown multifold. The pandemic indirectly enhanced the adoption and usage of DFS. India has been the number one country in the world in real-time payments with 20.5 billion transactions in the year 2020 and DFS has not penetrated uniformly across gender, ages, and regions. Indian Institute of Finance.
- Source
- Finance India, Vol-38, No. 1, pp. 239-254.
- Date
- 2024-01-01
- Publisher
- Indian Institute of Finance
- Subject
- Digital; Disparities; Financial Services; India; Technology
- Coverage
- Ravikumar T., CHRIST (Deemed University), School of Business and Management, Dharmaram College, Post Hosur Road, Karnataka, Bangalore, 560029, India; Girish S., CHRIST (Deemed University), School of Business and Management, Dharmaram College, Post Hosur Road, Karnataka, Bangalore, 560029, India; Lavanya D., PSNA College of Engineering and Technology, Department of Management Studies, Kothandaraman Nagar, Tamil Nadu, Dindigul, 624622, India; Murugan N., PSNA College of Engineering and Technology, Department of Management Studies, Kothandaraman Nagar, Tamil Nadu, Dindigul, 624622, India
- Rights
- Restricted Access
- Relation
- ISSN: 9703772
- Format
- Online
- Language
- English
- Type
- Article
Collection
Citation
Ravikumar T.; Girish S.; Lavanya D.; Murugan N., “Adoption and Usage of Digital Financial Services in Karnataka, India: Spatial, Gender and Age Disparities,” CHRIST (Deemed To Be University) Institutional Repository, accessed February 24, 2025, https://archives.christuniversity.in/items/show/13231.