Digital Payment Ecosystem: A Study on Challenges and Opportunities in Rural Karnataka

Abstract

Digital payment systems have transformed India’s financial ecosystem, especially in urban areas. However, rural regions such as Ramanagara in Karnataka still face challenges like inadequate infrastructure, low digital literacy, and trust issues. This study explores these barriers and highlights opportunities for digital payment adoption, emphasizing its role in financial inclusion. The paper suggests targeted solutions, including digital literacy programs, infrastructural enhancements, and trust-building measures, to bridge the urban-rural digital divide.