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Impact of UPI on Spending Patterns of Consumers

Utkarsha Natalkar


Modalities of digital payment Mobile holdalls have brought simplicity and speed to our lives. The inconvenience, risk, and restrictions of carrying cash can all be removed with the use of widely accessible digital payment services. Discounts, cashbacks, and waivers: Benefits and savings for users of digital payment apps and mobile wallets There are many online payment banks that provide good cash-back deals. As a result, customers cease using cash. However, using digital payment apps can also have a number of negative effects, such as duplicate payments, security issues with transactions and data, etc. Cheaper coins might potentially have positive economic effects. India is slowly adopting digital payments, and there are a lot of creative apps out there. is an easy and secure method of payment. This study is based on the common observation that, because digital payment methods are convenient and straightforward, consumers tend to spend a bit more than they had budgeted or estimated for daily expenses. The study will examine how consumers behave when utilizing digital payment apps.


UPI, digital payment, PhonePe, PayTm, GPay

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