Published Paper Details:

The availability of digital payment technologies (such as internet banking, mobile money, and credit/debit cards) has rapidly increased in the developing world, and is a cornerstone for financial inclusion initiatives in developing countries. Despite significant efforts to promote digital payments, rates of adoption remain modest in some low-income groups. In particular, the rate of adoption in members of self help groups remains low despite significant efforts to promote adoption. In this paper, we consider possible reasons for the low rates of adoption among members of Self help groups is considered. The study is conducted in Udupi District of Karnataka state. Using survey data for 100 respondents of members of various SHGs such as Navodaya Sangha, Sthri Shakthi group and Dharmasthala Gramabhivridhi Swasahaya Sangha. It is found that majority of them are not yet open to digital transforming. Most of the members of SHGs are poor and from rural background. Therefore this paper is an attempt to study about the approach of the members of SHGs towards self help groups towards digital wallets. In the present cashless economy whether these women are equally aware of digital wallets is the question to be answered. In the era of digitalisation the participation and contribution of members of Self help groups is to be focused.