Adoption of Digital Wallets Among Youth and its Impact on Financial Self Efficacy

By : Shabana Mazhar, Abhishek Janvier Frederick, Nitesh Lal

Page No: 259-269

Abstract
The quality of youth depends upon the level of education, skills, employment, selfefficacy and more over financial self-efficacy. Financial self-efficacy is known to be one of the determinants which influence financial behavior (Noor et al., 2020) which can be instrumental in how well today’s youth are confident in countering economic challenges. Today’s youth belong to a cohort of Generation Z who are labelled as first generation of Digital Natives who have been raised in the era of internet, social networks and mobile phones. Adopting technology comes naturally to them. Digital wallets are one of the technologies which has made roads in dayto-day transactions for today’s masses especially youth. Hence a survey was conducted on 194 respondents in the age category of 15 to 29 to find out the effect on financial self-efficacy of youth because of use of digital wallet and it was found out that there is a significant impact on financial self-efficacy of digital wallet users.

Authors :
Shabana Mazhar : Associate Professor – Department of Business Studies of Sam Higginbottom University of Agriculture, Technology and Sciences, Prayagraj, Uttar Pradesh, India. Abhishek Janvier Frederick : Assistant Professor – Department of Business Studies of Sam Higginbottom University of Agriculture, Technology and Sciences, Prayagraj, Uttar Pradesh, India.
Nitesh Lal : Scholar of Master of Business Administration – Department of Business Studies of Sam Higginbottom University of Agriculture, Technology and Sciences, Prayagraj, Uttar Pradesh, India
 

DOI: https://doi.org/10.32381/JPR.2023.18.02.10