Growing Imperative of Digital Payments In COVID-19 Pandemic-With Special Reference To Retail Customers

  • Abhishek Kumar Singh Research Scholar, Department of Commerce, Mahatma Gandhi Kashi Vidyapith, Varanasi
Keywords: Pandemic, COVID-19, Digital Payments, Digital Wallets


The impact of steps taken to contain COVID-19 and the fear of losing lives, on consumption and payment patterns is quite evident in India. The lockdown has changed the consumption and payment habits of consumers. The study was conducted to assess the impact of COVID-19 on payment patterns (retail) of consumers residing in urban areas of Varanasi and nearby towns. The required data was collected through an online survey. The questionnaire to assess the impact of pandemic on payments patterns (retail) was sent to urban consumers of Varanasi and nearby towns (U.P.), using Google forms. Some of the consumer’s responses were recorded using telephonic interview. The data collected was analysed through MS-Excel and Jamovi version 1.6.23 software. To avoid physical contact, people have started digital payments, especially UPI/ Digital Wallets. The digital payments are used for both goods purchasing and services consumption and this behavior is likely to be continued in future also. There are some limitations also such as security threats, connectivity issues etc, which need to be improved. Due to administrative restrictions and social distancing mandates, small sample was selected for the study. The study has taken only urban consumers as sample. The findings will help marketers to adapt accordingly and concerned authorities to develop the necessary infrastructure for encouraging the digital payments among people.