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Toward Inclusive Finance: Mapping Digital Disparities Across India

Nilanjan Banik & Pranjal Chandrakar

Journal of Emerging Market Finance2025https://doi.org/10.1177/09726527251392740article
AJG 2ABDC B
Weight
0.50

What the paper says

We draw upon a recently released, large-scale dataset to conduct an empirical analysis of the determinants underlying regional disparities in digital payment technology adoption in India. Older individuals and women are less likely to adopt these technologies. Educational attainment plays a significant role. While caste and religion do not directly influence digital payment usage, their effects appear to be mediated through education and economic access. A counterintuitive finding is that economically advanced states such as Chandigarh, Delhi, Gujarat, and Karnataka have relatively low adoption of digital payment systems. Individuals prefer to conduct high-value transactions in cash to evade paying income tax. JEL Codes: C3, E7, G2

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https://doi.org/https://doi.org/10.1177/09726527251392740

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@article{nilanjan2025,
  title        = {{Toward Inclusive Finance: Mapping Digital Disparities Across India}},
  author       = {Nilanjan Banik & Pranjal Chandrakar},
  journal      = {Journal of Emerging Market Finance},
  year         = {2025},
  doi          = {https://doi.org/https://doi.org/10.1177/09726527251392740},
}

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Toward Inclusive Finance: Mapping Digital Disparities Across India

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Evidence weight

0.50

Balanced mode · F 0.40 / M 0.15 / V 0.05 / R 0.40

F · citation impact0.50 × 0.4 = 0.20
M · momentum0.50 × 0.15 = 0.07
V · venue signal0.50 × 0.05 = 0.03
R · text relevance †0.50 × 0.4 = 0.20

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