Published Paper Details:

Financial inclusion remains a critical challenge in rural and economically backward regions, where access to formal financial services is often limited. In this context, digital payment systems have emerged as a transformative tool to bridge the gap between the unbanked population and the formal financial sector. The present study examines the awareness, adoption, and usage of digital payment systems and analyses their role in promoting financial inclusion in the backward areas of Wayanad district, Kerala. The study is based on primary data collected from 100 respondents across selected regions of Vythiri, Mananthavady, and Sulthan Bathery taluks using a structured questionnaire. The findings reveal that awareness of digital payment systems among respondents is universal, while adoption is also significantly high. The chi-square analysis confirms a statistically significant difference in awareness and usage patterns. Among various methods, UPI emerges as the most widely known and used digital payment system. Mean score analysis indicates that respondents perceive digital payments as convenient, accessible, and effective in reducing the need for physical bank visits and improving access to financial services. However, while the perception towards financial inclusion is positive, it is relatively lower compared to other aspects, suggesting the presence of certain barriers such as digital literacy, trust issues, and infrastructural limitations. The study concludes that digital payment systems play a significant role in enhancing financial inclusion in backward areas, but targeted efforts are required to address existing challenges and ensure inclusive growth.