An empirical inquiry on smart card adaptability among college students

Digitization of the economy is the need of the hour for every nation including India. Today India leads the global digital payment systems. Being an economy with the maximum number of youth population, it is worthy to note the feelings of the youth towards adoption of digitization in their day to day transactions. The study proposed to explore the impact of gender, family income and other significant factors on the intension to adopt smart cards among select group of college students. The empirical data analyzed through SPSS using tools like Cramer’s V test, Pearson correlation co-efficient and logistic regression show that there is no significant statistical bias among college students on the basis of their gender or family income with regards to adoption of smart cards. The variables like awareness, satisfaction, security, perception and e-governance have statistically significant impact on the intention to adopt smart cards among students. Securities of the system and the perceptions about the service provider have the most significant impact on selection and intention to adopt any smart card technology. By giving attention to raising awareness, improving support systems and through efficient e-governance, it is feasible to enhance the adoption of smart cards among the college students.