Abstract

Digital payment systems have gained significant acceptance over the course of time world-wide. Our daily life is being more dynamic than before due to the addition of these digital methods of payment. Bangladeshi universities are also mostly subject to the inclusion of digital payment systems. In the current world, universities are adopting technological advancements for the modernization of their daily  activities, including the adoption of digital payment systems. This study aimed to investigate the utilization and effectiveness of digital payment system among university students at various public universities in Bangladesh. By forming a structured questionnaire, primary data were collected on the frequency of usage, reasons for adoption, perceived transparency compared to traditional methods of payment, impact on transaction speed, administrative burden minimization, major barriers to adoption, effect on financial management, ease of use, and potential for a shift to a cashless campus.

Keywords: Digital payments, Cashless transaction, Cash transactions student community, Transparency and efficiency