CONSUMER PREFERENCE OF UPI OVER MOBILE WALLETS AMONG STUDENTS

The relevance of the UPI in the day-to-day lives of UPI users is examined in this study. When moving money from one account to another, UPI saves a lot of time.With UPI, everyone with a UPI ID will be able to send and receive money straight from their bank account.Instantly transfer money to your bank account. As time goes on, it gives the notion of digital banking a deeper significance.One of the most important components of digital banking is saving. UPI is one of the most complicated and difficult systems to understand.the world’s most advanced payment infrastructures It utilises a VPA address, which is comparable to an email address.This VPA is one-of-a-kind, and no phoney id can be made with it. Another major benefit of the UPI is that it allows the government to provide various services.Incentives are provided, as well as support for the entire system. The government is a big supporter of UPI. It has announced incentives for digital payments, particularly UPI-based payments and fund transfers, and has lowered several taxes. Customers will benefit from the Lucky Grahak Yojana, while retailers will benefit from the Digi Dhan Vyapar Yojana. If you pay online, you can win cash rewards worth up to one crore rupees. More individuals are interested in digital payments as a result of these incentives and exemptions.