Digital Payment Systems and Financial Inclusion in Building a Future-Ready Business Ecosystem

Authors

  • S Ayyappan Professor, School of Management, HRBR Campus, CMR University, Bengaluru, Karnataka, India
  • Ankitha Theres Ph.D Research Scholar, School of Management, HRBR Campus, CMR University, Bengaluru, Karnataka, India

DOI:

https://doi.org/10.5281/zenodo.15129182

Keywords:

upi, m-pesa, digital payment systems, financial inclusion, business ecosystem, rural economies, digital transformation

Abstract

Financial Inclusion and Digital Payment Systems in Creating a Business Ecosystem Prepared for the Future Abstraction Leading the way in financial innovation, digital payment systems are essential for promoting financial inclusion and helping to build business ecosystems that are prepared for the future, particularly in rural areas. These technologies make financial transactions easy, affordable, and transparent, enabling small firms and people to join the formal economy. Notwithstanding its potential, problems including trust concerns, insufficient infrastructure, and digital illiteracy still exist. In addition to analyzing adoption constraints and offering solutions, this article investigates how digital payment systems contribute to financial inclusion.

The study demonstrates the revolutionary potential of digital payments in creating robust and inclusive business ecosystems by examining successful models such as Kenya's M-Pesa and India's Unified Payments Interface (UPI).

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Published

2025-02-28

How to Cite

Ayyappan, S., & Theres, A. (2025). Digital Payment Systems and Financial Inclusion in Building a Future-Ready Business Ecosystem. Management Journal for Advanced Research, 5(1), 80–86. https://doi.org/10.5281/zenodo.15129182

Issue

Vol. 5 No. 1 (2025): February Issue

Section

Articles

ARK

https://n2t.net/ark:/75930/Manag. J. Adv. Res..v5i1.196

License

Copyright (c) 2025 S Ayyappan, Ankitha Theres

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This work is licensed under a Creative Commons Attribution 4.0 International License.

Research Articles in 'Management Journal for Advanced Research' are Open Access articles published under the Creative Commons CC BY License Creative Commons Attribution 4.0 International License http://creativecommons.org/licenses/by/4.0/. This license allows you to share – copy and redistribute the material in any medium or format. Adapt – remix, transform, and build upon the material for any purpose, even commercially.