Ease of Digital Payments and Influence Spending Habits and Financial Management - An Analytical Study

Abstract

This study examines how consumer spending patterns and financial management techniques are impacted by the convenience of digital payments. Numerous statistical tests, such as factor analysis, regression, correlation, Friedman's test, and Cronbach's alpha, were used to evaluate the associations between the variables using data from 105 respondents. The study also looks at the ways in which age, gender, income, and education affect the use of digital payments. It also looks into the difficulties that users of digital payment systems encounter. The results shed light on how customer behavior and money management are altered by digital payments.