Adoption of UPI and Implementation of UPI-ATM in India: A Logit Analysis

Unified Payments Interface (UPI) is a real-time payment system developed by the National Payments Corporation of India (NPCI). It was introduced to facilitate easy, quick, and secure online payments between banks. The Government of India is going to introduce UPI-ATM services after successful progress of UPI transaction. While challenges exist, such as limited digital literacy and connectivity issues, several factors have contributed to the adoption of UPI transactions. The present work finds the gap between rural and urban, male and female and technological knowledge and awareness in performing digital transactions. With the help of logit analysis, it has been observed a successful future of UPI-ATM services though there exists differences in many dimensions.