A Study on the Financial Behaviour of Vegetable Street Vendors Adopting QR Payments in Amravati.
Anjali .S. Dupare, Dr. M.D. Jadhav2
Author 1 - PG student – Department of Business Administration, SIPNA C.O.E.T., Amravati, Maharashtra, India.
Author 2 – HOD/Professor– Department of Business Administration, SIPNA C.O.E.T., Amravati, Maharashtra, India.
ABSTRACT: The rapid growth of digital payment systems in India has significantly transformed the way small businesses manage their daily financial transactions. Among these, QR code–based payments have gained wide acceptance, even among street vendors. This study focuses on understanding the financial behaviour of vegetable street vendors in Amravati city who have adopted QR payment methods. The main objective of the study is to examine how the use of QR payments has influenced their income handling, savings habits, transaction convenience, and overall financial awareness.
The research is based on primary data collected from vegetable street vendors operating in different areas of Amravati. A structured questionnaire was used to gather information regarding their preference for QR payments, frequency of use, perceived benefits, challenges faced, and changes in financial behaviour after adoption. Simple statistical tools such as percentage analysis and hypothesis testing were used for data analysis and interpretation.
The findings of the study indicate that QR payments have improved transaction transparency, reduced dependency on cash, and increased customer convenience. However, issues such as lack of digital literacy, internet connectivity problems, and fear of fraud still act as barriers for some vendors. The study concludes that while QR payments have positively impacted the financial behaviour of vegetable street vendors, continuous awareness programs and support systems are necessary to ensure long-term and effective adoption of digital payment methods.
Keywords: QR Payments, Financial Behaviour, Street Vendors, Digital Payments, Cashless Transactions, Amravati
