A STUDY ON RISE & EMERGENCE OF UPI PAYMENTS SYSTEM AND ITS

ADAPTATION IN INDIA
submitted in partial fulfillment of the requirements for the award of
MASTERS OF BUSINESS ADMINISTRATION
BY
KUSHAGRA NIGAM
(230291411250)

SYMBIOSIS SCHOOL FOR ONLINE AND DIGITAL LEARNING (SSODL)

4th floor, SUHRC Bldg, Hill Base Campus, SIU Knowledge Village,
At Post Lavale, Taluka - Mulshi, Dist- Pune 412115,
Maharashtra, India
 Symbiosis International (Deemed University)
Accredited with NAAC Grade A++

SCHOOL FOR ONLINE AND DIGITAL LEARNING

CENTRE FOR DISTANCE AND ONLINE
EDUCATION(CDOC)

BONAFIDE CERTIFICATE
This is to certify that this Project Report is bonafide work of KUSHAGRA
NIGAM (230291411250)
Who have done the project work entitled “RISE & EMERGENCE OF UPI PAYMENTS SYSTEM
AND ITS ADAPTATION IN INDIA” under my supervision from DEC 2024 to MARCH 2025

Internal Guide
DR. BHUVANESH SHARMA
 DECLARATION

I am KUSHAGRA NIGAM, hereby declare that the project Report Entitled “RISE &
EMERGENCE OF UPI PAYMENTS SYSTEM AND ITS ADAPTATION IN INDIA “
done by me under the guidance of Dr. BHUVANESH SHARMA. Submitted in partial
fulfillment of the requirements for the award of Masters of Business Administration
degree.

DATE: 01/03/2025
PLACE: delhi CANDIDATE :- KUSHAGRA NIGAM

ROLL NO:- 230291411250

 ACKOWLEDGEMENT
I am pleased to acknowledge my thanks to symboisys school of online and
digital learning for their kind encouragement in doing this Project and for completing it
successfully. I am grateful to them.

I Convey my sincere thanks to DR. BHUVANESH SHARMA( PROJECT GUIDE),

MBA., SSODL for providing me necessary support and details at the right time during the
progressive reviews.

I wish to express my thanks to all teaching and Non-teaching staff members of the
school of business administration who were helpful in many ways for the completion of the
project
 ABSTRACT
The Unified Payments Interface (UPI) has emerged as a transformative force in India’s digital
payments sphere, redefining financial transactions and bolstering financial inclusion. UPI’s hallmark
lies in its seamless, secure, and interoperable platform facilitating instant money transfers across
diverse bank accounts. This simplicity has not only eradicated the reliance on cash but has also
eliminated the complexities associated with traditional banking procedures, particularly benefiting
unbanked and under-banked individuals.
The impact of UPI extends beyond mere transactions; it has substantially diminished cash
dependency, fostered transparency, and catalysed economic growth. This, in turn, has empowered
small businesses and micro-entrepreneurs, closing the gap in financial literacy, and bridging the
digital divide between rural and urban areas. UPI’s rise has prompted a paradigm shift in the banking
sector, compelling institutions to embrace digital-first strategies, customise offerings and streamline
branch networks. Furthermore, it has created lucrative opportunities for banks through fee-based
services and strategic collaborations with Fintech startups.
Looking ahead, UPI’s future appears promising, with the integration of cutting-edge technologies like
blockchain and AI poised to reshape the financial landscape. However, inherent challenges persist,
including data privacy apprehensions, regulatory adjustments, and the imperative need for long-term
financial sustainability. In conclusion, UPI’s indelible mark on India’s digital payment ecosystem
underscores its undeniable impact. Continued innovation, coupled with a robust regulatory
framework, is pivotal for UPI to steer India towards a truly cashless and financially inclusive future.

Keywords: UPI, Digital Payments, Financial Inclusion, India

 TITLE PAGE
NO.
INTRODUCTION
1.1 introduction 6

1.2 industry profile 7

1
1.3 Need for the Study 7
1.4 SCOPE OF THE UPI APPS & PAYMENTS 7/ 8

1.5 OBJECTIVES OF UPI APPS & 8

TRANSCATIONS

2 9to 11
Review of literature
Research methodology

3 3.1 RESEARCH DESIGN 12

3.2 SAMPLING TECHNIQUE 12

3.3 SOURCES OF DATA 12,13

3.4 STRUCTURE OF QUESTIONNAIRE 13

3.5 SAMPLING SIZE 13

3.6 PERIOD OF STUDY 13

3.7 Percentage method 14

4 PERCENTAGE ANALYSIS 15 to 38

FINDINGS,SUGGESTIONS AND 39
CONCLUSION
5
Findings 39
Conclusion 39
APPENDIX (questionnaire) 40 to 44
 CHAPTER-1
INTRODUCTION

UPI is a modern digital payment system that has revolutionised the way financial transactions take
place in India. Developed by NPCI, UPI is a real-time and easy-to- use platform for interbank
transactions. It was launched in April 2016 and has gained immense popularity due to its ease,
security, and interbank interoperability.
UPI allows you to connect multiple bank accounts to one mobile application, making it a single
platform for you. This interoperability means that you can send and receive money instantaneously,
24 hours a day, 7 days a week, using your smartphone. With UPI, you no longer need to rely on
traditional payment methods like cash and cheques. Instead, you can transfer funds directly from
your bank account without having to go through the hassle of bank details.
The UPI framework also includes two-factor authentication to ensure that your financial information
remains safe and secure.
In addition, UPI also allows you to conduct P2P (peer-to- peer) transactions.
With the increasing number of smartphones on the roads, UPI is playing an important role in
bringing millions of Indians into the mainstream banking system. The easy- to-use interface of UPI
and its widespread acceptance across different merchants have helped in its rapid growth.
UPI has achieved its success thanks to the efforts of banks and fintech firms, as well as the
regulatory framework put in place by the RBI. The National Payments Corporation of India (NPCI),
which is the main regulator of retail payments in the country, has constantly updated and improved
its UPI infrastructure to keep up with the changing demands of the online economy.

According to the NPCI, “Unified Payments Interface (UPI) is a System that powers multiple
bank accounts into a single mobile application, merging several banking features, seamless
fund routing & merchant payments into one hood. UPI,s overall importance came from the
intense desire and effort made by the RBI and the government to create a cost effective,
simple and safe digital payments system that will be used for the large population of the
country. The RBI along with the NPCI has made commendable efforts to spread digital
payments culture. According to the RBI, a digital payments platform should be simple, safe
and efficient while carrying out payments. Various criteria about an ideal payments system
was bought out by the RBI in its vision for a future payment system dreaming a digital
transaction economy. From this angle, a remarkable future of the UPI is that it satisfies
several criteria put forwarded by RBI payment system vision of safe, efficient, interoperable,
authorized ,accessible ,inclusive and compliant with international standards.
 1.1 Advantages of UPI& Transactions& payments

1) It is a fast, hassles-free and the cheapest way to money transfer which we can
do from anywhere and at any -time.
2) UPI means simplified e-banking and online payment system.
3) It allows you to transfer funds instantly via your mobile phone.
4) You can use it for multiple purposes, including paying your utility bills or paying
at the local grocery shop.
5) You do not need to carry cash as the UPI system doubles like your digital wallet.
6) You do not need to enter the bank details for the recipient while seanding money.
7) You can also receive money by sharing your UPI ID , which is usually your
mobile phone number registered with your bank A/C.

1.1.2 Disadvantages of UPI& Transactions & payments

Sometimes, there can be delays in payments, it can take up to 48 or more then that for the
money to get back to your bank A/C.
The UPI money transfer limit is currently, the UPI transaction limit is INR 1 LAKH . That
means the maximum amount you well be able to transfer in a single UPI transaction is INR
1 LAKH.
1) UPI is a deal for smaller fund transfer, when an amount is high then other modes
of online transfer are preferable.
2) Another issue with UPI is that it is difficult to persuade customer to download the
bank application to their smartphone for a single payment interface because they
are concerned about online fraud.
3) Do not tell your personal information such as the data of birth, Thew UPI pin,
and other information to any other personal, so that your account will be safe.
4) If you want to transfer payment in the UPI then you can transfer up to Rs 10000
as much as possible. You should send it one at a time if you need to send it more
than once.
5) You must know that you have to transfer money from the Unified Payment
Interface PIN is also know as the UPI PIN , and it is a very small digit, like 4 to 6 digit
while having a small digit it is not safe, so make your payment carefully and its
information does not let anyone else know.
6) It does not work on the slow of the interneSimple, secure way to send money
,recharge mobile, pay bills, buy play store recharge code. Pay directly from your bank
account with security of google PIN and UPI [Link] made simple, free money
transfers.
 1.2 INDUSTRY PROFILE
In the year of the UPI started in year of 11th April 2016

Unified Payments Interfaced (UPI)

The pilot launch was on 11th April 2016 by Dr. Raghuram G. Rajana, Govenor, RBI at Mumbai.

Bank have staeted to upload their UPI enable apps on googlr play store from 25th AUGUST
2016 onwards.
As per of July 2021, UPI registered 43.25 crore (432.5 million) transactions that accounted
for rs 56,734.5 core with highest average daily transaction of approximately 10 core (100
million) that is double the amount from July 2020 . till august 2021, UPI FORMS 10% OF ALL
retail payments in india.

MARKETS : India, Bhutan, Nepal, Malaysia, Singapore, UAE

PRODUCED BY : National Payments Corporation Of India
COUNTRY : Indian

1.3 NEED FOR THE STUDY

This report studies Unified Payment Interface (UPI) ,A new age Payment System
Introduced in india by National Payment Corporation of india by National Payment
Corporation of India. UPI IS A MOBILE BASED, real time inter bank payment system which
has the potential to universalize digital payments in india.

(UPI) means simplified e-banking and online payments system. It allows you to transfer fund
instantly via your mobile phone. You can use it for multiple purposes, including paying your
utility bills or paying at local grocery shop. You do not need to carry cash as the UPI system
doubles like your digital wallet.

1.4 SCOPE OF THE UPI APPS & PAYMENTS

The services allows users of request to fund transfers or funds collection or respond to
funds collection for any of their linked bank accounts through mobile banking channels in
secure manner using BHIM APPS.
 1.5 OBJECTIVES OF UPI APPS & TRANSCATIONS

(UPI) has made digital transaction for individuals as easy as sending money. Service is
available 24*7 not like RTGS or NEFT which don’t’ work on holidays or during non-banking
hours. This will bring enormous efficiency in the system and help india become a truly
cashless economy.
 CHAPATER - 2
REVIEW OF LITERATURE
1- ) DR, STITCH SHEWTA RATHORE (2016)
Appropriation of cashless transaction by consumer her investigations disclose to us
computerized wallets are rapidly getting to be standard method of online instal-ment.
Customer are embracing advanced wallets at end unfathomablyquick pace, to a great
extent because of comfort and convenience.

2) Salil panchal and manu balachandran (2018)

UPI success is a proff that india is moving mountains to user in a less-cash economy. But the
scope of BHIM must be widened. BHIM should add more categories to the payment
application for user engagement. UPI is the Refined and finished product of IMPS and it is
fore casted that at same international journal for research in Engineering Application&
management.

3) ROSHNA THOMASAND & ABIJEETH CHATTERJEE (2017

UPI is indeed a revolution in the indian economy. Hoe-ever its success depends on various
factors. Financial inclusion or access to banking services is a prerequisite for growth of UPI
which is being facilitated by (PMJDY) AND the increasing smart phone penetration.

4) Bijin Philip (2019)

Made a study on impact of UPI on Customer Satisfaction.
The study focused on to identify the customer preference towords Unified Payment
interface and analyse the impact of UPI services on satisfaction of the customers.

5) Ravish Rana (2017)

Studied adoption of digital payment and influence on the education level of the customer. If
a person has studied beyond matriculation and internet survey , he or she will be inclined to
use the digital payment mode and digital operations.

6) Khuram shafiq and Khalil Ahmad (2015)

Is money matter for consumer buying behavior this examination gives the affirming data
since buyers feel good in spending through cash as easy access of money , no cash carrying
risk and reward shopping are the major factors that plays important role behind it.
7) Rouibah (2015)
Showed that poor security, lack of trust ,fear of failure, high charges and poor familiarity
were the major constraint that affected payments. Besides, security features of internet,
banking facilities,privacy and quality of services where also affecting adoption of
e-banking/payments.

8) Rathore (2016)
Stated that digital payment using wallet was highly convenient for consumers in purchasing
products through online without physical movements across places.

9) Dr. Stitch Shewtarathore (2016)

Appropriation of cashless transaction by consumers her investigations disclose to us
computerized wallets are rapidly getting to be standard method of online installment.
Customers are embracing advanced wallets at end unfathomably quick pace to a great
extent because of comfort and convenience.
10) Roopalibatra, nehakalra (2016)
Are Digital wallets the new currency her investigations let us know in a period of
digitalization, the examination intends to contemplate the client recognition, utilization
design inclinations and fulfillment levels with respect to advanced wallets in view of an
investigation of 52 respondents. It additionally recognizes the hindrancesand difficulties to
the selection of the same . The outcomes demonstrate that there exists a tremendous
undiscovered market for computerized wallets both regarding expanding mindfulness and
also its use

11) K.C. balaji (2016)

A study on demonetization and its impact on cashless transactions considerd that
development of the cashless exchange framework is achieving new statures. Individuals
tend to move to cashless exchange. It is on the right track to state that the cashless
framework is a prerequisite as well as requirement for the general public.

12) Kunal TAHEAM , Rahul Sharma and saurabh GOSWAMI (2016)

Drivers of digital wallets usage implications for leveraging digital marketing the out comes
from this investigation highlighted on various elements that for inspired individuals to utilize
computerized wallets for making installments. Individuals in punjab have been found have
been discovered utilizing advanced wallets because of the intentions of controllablity and
security, societal impact and helpfulness and requirement for execution improvement.
13) SINGH IN THE YEAR OF 2017
Concluded that there was significant difference between education of consumers and
adoption of digital payments had positive and significant effect on adoption of digital
payment among consumers.
 CHAPTER-3
RESEARCH METHODOLOGY
3.1 RESEARCH DESIGN

A Research design is the arrangement of conditions for collections and analysis of data in a
manner that aims to combine relevance to the research uses with economy in procedure.
The study adopts the descriptive research design.

Data is collected from the users and customers of UPI apps and transactions and payments
3.1.1 Research model
in research , the model is a pictorial or graphical representation of a crucial concept. It
explains the relationship between several variables.

3.2 SAMPLING TECHNIQUE

Sampling is the part of statistical practice occupied with the selection of some people for
the observation proposed to knowledge about a population of concern mainly for the
purpose of statistical inference. Each and every observation quantifies one or nore
properties of an observable entity set out to distinguish objects or individuals

Sampling design : In this study sampling is doing in simple random sampling and snowball
random sampling.
Sampling Area: The study was conducted among the users and Customers of using UPI apps
and transactions and payments and its services in hyderabad city.

3.3 SOURCES OF DATA

3.3.1 Primary Data
The primary data is defined as the data, which is collected for the first time and fresh in
nature, and happenes to be original in character through field survey .The data collection
method which is used in this research is questionnaire. Here the data are systematically
recorded from the respondents.
3.3.2 Secondary Data
The Secondary data are those which have already existed and are already collected
by someone else and have been passed through statistical process. The main sources of
Secondary data are websites,articles, journals.
3.4 STRUCTURE OF QUESTIONNAIRE
In this study a questionnaire is used to collect the primary data from the sample. A
questionnaire is sent to the persons concerned with the request to answers the question
and return the questionnaire consists of many questions set in a definite order or set of
forms. In this study , like it scale is used in most of the questions. Firstly, the demographic
factors occupy the questionnaire , followed by the questions related to the variables used
for the study. The questionnaire is mailed to respondents who are expected to read and
understand the questions and write down the reply in the space left for the purpose in the
questionnaire itself. The respondents have to answers the questions on their own.

3.5 SAMPLING SIZE

The sample size of the study includes about 140 respondents

3.6 PERIOD OF STUDY

The study is carried out the period of the three months from january 2022- March 2022
3.7 ANALYTICAL TOOLS AND HYPOTHESIS USED FOR DATA INTERPRETATION
3.7.1 Percentage method
Percentage is explained in information as a proportion of the whole. Percentage is
calculated by taking the numbers of sub categories and dividing by the total
Percentage = numbers of category /total number of respondents *100
3.7.2 Chi- square test
X2 Is the statistical measures how a model collates to actual observed [Link] data which is
used in this statistic should be random, raw, drawn, from independent variables and also
from large enough samples. The research used in this test for his study to test the
significance of association between two attributes.
X2=( Oij-Eij)/e
Full Hypothesis There is no Significant association between the complaints and issused
solvency by the UPI APPS AND TRANSACTIONS AND PAYMENTS and the overall Customer
Satisfaction of Using UPI apps and transactions Services Provided by the Banks.

3.7.3 Correlation Coefficient

The Correlation coefficient is a statistic which is used to measure the strength of the
relationship between the relative movement of two variables or attributes. The value ranges
between -1.0 to 1.0 A correlation which shows 0.0 that states aliner relationship between
the movement of the two attributes.
3.7.5 REGRESSION ANALYSIS
In Statistical modeling , Regression is a set of statistical processes for calculating the
correlation between a dependent variable and one or more independent variables.

Null Hypothesis (Ho) There is no significant influence between the Factors Affecting on
CUSTOMER SATIFICATION OF USING UPI APPS& TRANSACTIONS & PAYMENTS.
 CHAPTER - 4.4.1 PERCENTAGE ANALYSIS
TABLE 4.1 Showing the gender of the Respondents

Gender [Link] PERCENTAGE

RESPONDENTS
(%)
MALE 75 58.8%
FEMALE 61 37.5
TOTAL 136 100

Chart 4.1 Showing the gender of the respondents

Form the table it is clearly defined that 58.8%of the respondents are male and 37.5% of the
respondents are females

Table 4.2 Showing of Age of the respondents

Age group No of Respondents Per of Respondents %
Below 18 18 2.09 %
19-25 54 67.1%
26 - 35 30 28.6%
36 - 45 15 2.05%
46 - 55 23 3.0%
More then 55 years 0 0.0%
TOTAL 140 100

Chart 4.2 showing the age of the Respondents

From the above table . it is inferred that 2.09% of the respondents belong to the agegroup
of below of 18 years, 67.1% of the belong to the age group of 19 -25 years, 28.6% of the
belong to the age group of 26 -35 years, 2.05 of the belong to the age group of 36 - 45
years, 3.0% of the belong to age group of 46 - 55 years, 0.0 of the belong to the age group
of more the 55 years.
Table 4.3 Showing the Education of the respondents
EDUCATION No of respondents Per of Respondents
SSC 0 0,0%
 INTER 29 7.2%
GRADUTATION 72 75.%
POST GRADUTION 38 15.1%
PHD 0 0.0%

Form the above table is. SSC 0.0% Of the per,inter 7.2%, graduation 75.5%, post graduation
15.1%, PHD 0.0%

4.4 TABLE Showing the OCCUPATION Of the respondents

OCCUPATION No of respondents Per of respondents
Student 70 55.4 %
Govt employee 0 0.0%
Private employee 33 21.6%
Business people 16 1.5%
 House - wife 20 8.6%
Retired people 0 0.0%

4.5 Table showing the Annual income of the Respondents

Annual income No of respondents Per of respondents
Less then 80,000 15 10.1%
80,000 - 1 lakh 35 13.8%
1 lakh - 2 lakh 66 58.7%
2 lakh - 5 lakh 22 10.9%
5 lakh - 8 lakh 0 0.0%
8lakh - 12 lakh 0 0.0%
More then 12 lakh 0 0.0%
 4.5 showing the annual income of the respondents
From the above table ti is inferred that less then 80,000 10.1%, 80,000 to 1 lakh 13.8%, 1
lakh to 2 lakh 58.7%, 2 lakh to 5 lakh 10.9%, 5 to 8 lakh 0.0 %, 8-12 lakh 0.0% more then 12
lakh 0.0%.,
4.6 table Are you using UPI Apps and transaction

Using UPI NO OF RESPONDENTS NO OF PER OF

RESPONDENTS
YES 96 96.9%
NO 33 4.1%
This table showing of 96.9% of people using UPI apps and another 4.1 %of people are not
using UPI apps

4.7 TABLE , Which app do you perfer more to do transactions through UPI
Transaction through UPI NO of responses No of per of resposes
G-pay 53 20.9%
Phone pe 86 74,1%
Pay tm 0 0%
Amazone pay 0 0%
 TOTAL 139 100

This table showing the perfer more to do transactions through UPI appa is
G- pay 20.9% of people perfer to use this UPI, phone pe 74.1% of people are
perfer to use this UPI ,5.2% OF PEOPLE prefer to use this UPI AND 2.0% OF
People are prefer to use this app.,

4.8 table showing average numbers of times you well prefer to send money through
UPI PER week .

No of times prefer to send NO Of responses No of per responses

money through UPI
0-2 times per a week 8 5.7%
2-4 times per a week 19 13.6%
5-6 times per a week 32 22.9%

7-8 times per a week 48 34.3%

More then 10 times per a 34 24.3%
week

4.9 , Table which is best &fastest app in UPI

BEST & FASTEST APP IN UPI No of responses No of oer of responses
G-pay 79 79.1%
Phone pe 25 12.9
paytm 20 5.8%
Amazon pay 15 2.2%
others 0 0.0%
total 139 100
IN this table show ,which ia best&fastest App in UPI,
MOST of people are telling phone pe is the best &fastest app in UPI Out of 139 responses
79.1% of people are telling phone pe is thebest and fatest app in UPI

4.10 Table show a graph of , for what purpouse would you like to use UPI apps

Purpose of using UPI APPS No of responses No of per responses

Grocery items 72 51.8%

To pay electricity bill 34 24.5%
To do mobile recharge 100 71.9%
To pay water bill 16 11.5%
For business transactions 25 18%
House hold items 60 43.2%
Personal items (foot 102 73.4%
wear,dress etc)
4.11 table , In UPI apps do you like scratch cards & casnback
Scratch card&cash bock No of responses No if per responses
yes 75 52.6%
no 62 47.4%
TOTAL 137 100

In this table about cash back and scratch card , in 137 responses out of 52.6% are like
scratch card, & cash back
In 137 responces out of 47.4% of people are not like scratch card and cash back
 4.12 table, Do you like UPI apps
People like UPI apps No of responses No 123of per responses
yes 115 97.8%
no 22 2.2%
TOTAL 139 100

In this table people are like UPI apps are not

In 139 responses , 97.8% of people are like to use UPI Apps
In 139 responses, 0.02 people are not like to use UPI apps
 4.13 how long are you using the UPI APPS
How long are you using UPI No of responses No of per responses
1 year 12 7.9%
2 years 12 7.9%
3 years 35 27.9%
4 years 42 35.0%
5 years 22 13.6%
More then 5 years 17 5.7%
TOTAL 140 100

In this table total 140 responses are their and 5 years are their in the 1 year 7.9% of
people are using from last 1 year
In 2nd year 7.9% of people are using from last 2 years
 In 3 year 27.9% of people are using from last 3 years
In 4 year 35% of people are using from past 4 years
In 5 year 13.6% of people are using past5 years
In more then 5 years 5.7 of people are using in the past more then 5 years
Totally responses of this is 140 .

4.14 how did you get to know about UPI apps

How did you know UPI NO OF responses No of per responses
Through bank staff 45 38.1%
Through friends 48 39.6%
Through advertisements 28 7.2%
Through relatives 18 9.4%
Other sources 0 0.0
TOTAL 139 100
 Total 139 responses in the 38.1& of people know from bank staff
39.6% of people know from friends
7.2% of people know from advertisement
9.4% of people know from relatives
4.15 level of satisfaction towards using UPI apps
Satisfaction level No of responses No of per responses
Dissatisfied 0 0.0%
satisfied 82 65%
Very much satisfied 58 34.3%
 In this table total no of responds are140
Customer satification level of UPI In per 65%
Customer Very much satisified level in per 34.3%

4.16 what are the problems do you faced while using UPI Transactions
Problems in UPI Np of responses No of per responses
Network problem 111 79.3%
Pending transaction 114 81.4%
Security problems 25 17.9%
others 9 6.4%
4.17 would you recommend UPI apps to your friends and relatives
Like to recommend UPI Apps No of responses No of per responses
friends and relatives
yes 129 99.3%
No 11 0.7%
TOTAL 140 100
In this table total numbers of responese are 140
99.3% of people are like to recommend the UPI Apps to friends and relatives
Other 0.7% of people are not like to recommend the UPI apps to friends and relatives

4.18 Do you want any Updates I UPI apps

Any updates need in upi No of responses No of per responses
yes 92 79.1%
no 47 20.9%
TOTAL 139 100
In this table there are totally 139 responses are their
In this 79.1% of people need to Updates in UPI apps
Other 20.9% of people no need to Updated in UPI apps

4.19 your opinion about services of UPI

OPINION about UPI services NO OF responses No of per responses
Very good 82 67.9%
good 58 32.1%
poor O 0.0%
Very poor O 0.0%
TOTAL 140 100

In this table there are 140 responses

In that 32.1% of given their opinion is good
And others 67.9% of people are given the very good opinion

4.20 Do you like to give any suggestions on using UPI apps

CHAPTER -5
 FINDINGS
● Collected 140 respondents regarding male per 58.8% and female per is 37.5.
● Majority of 67.1% students age group respondents 19- 25 age group students.
● Majority of 75.5% students are belong to graduation are using the UPI apps.
● Majority of 74.1% of students are prefer to do transaction through thr Phone pe UPI.
● Majority of 73.4% of people to buy a grocery items,and personal items.
● Majority of 35% of people using UPI apps from past 4 years.
● Majority of 39.6% of people get to know about UPI apps through their Friends.
● Majority of 81.4% of people are faced problems ,pending transaction while using UPI

CONCLUISION
The study on customer satisfactions of using UPI apps and transactions UPI is a grand step
towards making the cashless payments faster,smoother and easier. It is said that the launch
of UPI will prove to be a milestone in the transformation of modern india. It is all set to
become an efficient alternative to mobil wallets.
The customer are satisfactions with the UPI apps and digital payments mean value on bill
payment that mean customer are satisfied the UPI apps companies and have to improve
their satisfaction level through fund transfer

APPENDIX (questionnaire)
Name of the student
Your name

2) GENDER
A) MALE
B) FEMALE
3) AGE
A) BELOW 18
B) 19 YEARS- 25 YEARS
C) 26 YEARS - 35 YEARS
D) 46 YEARS - 55 YEARS
E) MORE THEN 55 YEARS
4) EDUCATION
A) SSC
B) INTERMEDIATE
C) GRADUATION
D) POST GRADUATION
E) PHD
5) OCCUPATION
A) STUDENT
B) GOVT EMPLOYEE
C) PRIVATE EMPLOYEE
D) BUSINESS PEOPLE
E) HOUSE-WIFE
F) RETIRED PEOPLE
6) ANNUAL INCOME
A) LESSTHEN 80,000
B) 80,000 - 1LAKH
C) 1 LAKH - 2LAKH
D) 2 LAKH - 5 LAKH
7) ARE YOU USING UPI TRANSACTION
A) YES
B) NO
8) WHICH APP DO YOU PREFER MORE TO DO TRANSACTIONS THROUGH UPI
A) G- PAY
B) PHONE PE
C) PAYTM
D) AMAZON PAY
9) AVERAGE NUMBERS OF TIMES YOU WELL PREFER TO SEND MONEY THROUGH UPI
PER WEEK
A) 0-2 TIMES PER WEEK
B) 2-4 TIMES PER WEEK
C) 5-6 TIMES PER WEEK
D) 7-8 TIMES PER WEEK
E) MORE THEN 10 TIMES PER A WEEK
10) WHICH IS BEST & FASTEST APP IN UPI
A) G-PAY
B) PHONE PE
C) PAYTM
D) AMAZON PAY
11) FOR WHAT PURPOSE WOULD YOU LIKE TO USE UPI APPS
A) GROCERY ITEMS
B) TO PAY ELECTRICITY BILL
C) TO DO MOBILE RECHARGE
D) WATER BILLS
E) BUSINESS TRANSACTIONS
F) HOUSE HOLD ITEMS
G) PERSONAL ITEMS (LIKE FOOT WERE,DRESS,ETC)
12 IN UPI APPS DO YOU LIKE SCRATCH CARD&CASHBACK
A) YES
B) NO
13 DO YOU LIKE UPI APPS
A) YES
B) NO
14 HOW LONG ARE YOU USING THE UPI APPS
A) 1 YEAR
B) 2- YEARS
C) 3- YEARS
D) 4 - YEARS
E) 5 - YEARS
F) MORE THEN 5YEARS
15 HOW DID YOU GET TO KNOW ABOUT UPI APPS
A) THROUGH BANK STAFF
B) THROUGH FRIENDS
C) THROUGH ADVERTISEMENT
D) THROUGH RELATIVES
E) OTHER SOURCES
16 LEVEL OF SATISFACTION TOWARDS USING UPI
A) DISSATISFIED
B) SATISFIED
C) VERY MUCH SATISFIED
17 WHAT ARE THE PROBLEMS DO YOU FACED WHILE USING UPI TRANSACTIONS
A) NETWORK PROBLEM
B) PENDING TRANSACTIONS
C) SECURITY PROBLEMS
D) OTHERS
18 WOULD YOU RECOMMEND UPI APPS TO YOUR FRIENDS AND RELATIVES
A) YES b NO
19 DO YOU WANT ANY UPDATES IN UPI APPS
A) YES
B) NO
20 YOUR OPINION ABOUT SERVICES OF UPI
A) VERY GOOD
B) GOOD
C) POOR
21 DO YOU LIKE TO GIVE ANY SUGGESTIONS ON USING UPI APPS ANS) WRITE YOUR
SUGGESTIONS ON UPI