• CA Dr. Anuradha Ganesh

Proliferation of banking culture among all sections of Indian population is yet to be achieved. Government has taken various initiatives which helped increase the banking operations and paved way for digital payments. Digital payments have been a catalyst in the country’s push towards a cashless economy. NEFT/NACH payments are now available 24x7; IMPS gives instant credit to the recipient. UPI and Payment apps like Gpay, Paytm give faster results and provide convenience of instant transfer with a digital record.Post demonetisaton, digital payments picked up. But digital salience has been increasing even after cash availability was restored. Digital payments have also helped in increased spending pattern and consumption, owing to ease of payments, digital trail and record, and synchronization with ease of purchase getting matched with ease f payment especially since the advent of Covid-19. Online purchases which have seen an uptick in Covid environment has given a further impetus to digital payments. It has changed consumer behavior and has paved way for many a fintech companies. Measures like e- banking, popularization of debit and credit cards, incentivizing merchants and consumers alike to adopt digital payments has helped greatly in gaining consumer acceptance for the digital mode of payment. An attempt has been made in this paper to assess the impact of digital payment methods in the consumption and payment pattern of consumers. Data has been collected from over 100 respondents about their preference for making payments for regular transactions. Analysis has been made about the trend of payments forregular products.Chi – Square test has been used to test hypothesis on association of digital payments and payment pattern. The findings of the study are instrumental in proving that digital payment opportunities have caused disruption in payment pattern of consumers.

Digital Payments, Payment pattern, Disruption, Consumption The Author is an Assistant Professor in Department of Commerce at Mulund College of Commerce.

"Digital payments – a disruption in consumption pattern", International Journal of Emerging Technologies and Innovative Research (www.jetir.org), ISSN:2349-5162, Vol.9, Issue 3, page no.g187-g192, March-2022, Available :http://www.jetir.org/papers/JETIR2203628.pdf

"Digital payments – a disruption in consumption pattern", International Journal of Emerging Technologies and Innovative Research (www.jetir.org | UGC and issn Approved), ISSN:2349-5162, Vol.9, Issue 3, page no. ppg187-g192, March-2022, Available at : http://www.jetir.org/papers/JETIR2203628.pdf