Effect of mobile payment apps on spending habits of college students.

Vikas chaturvedi; Nikhil Pal; Dr. Nitin Agarwal

Effect of mobile payment apps on spending habits of college students.

Author(s)	Vikas chaturvedi, Nikhil Pal, Dr. Nitin Agarwal
Country	India
Abstract	Individuals' spending habits have been drastically altered by the proliferation of internet-based payment systems, particularly among young adults in higher education who are often the pioneers in adopting these innovations. Following the selection of a research topic, this article delves into the effects of mobile payment apps on college students' spending habits, specifically looking for patterns in the ways that three factors—access, convenience, and promotional incentives—influence students' purchasing decisions. The quantitative study relies on primary data collected from college students using a standardised questionnaire. App use frequency, spending pattern change, impulsive buy behaviour, and financial awareness/control level are some of the key issues included in the investigation. According to the data, mobile payment apps have sped up and simplified transactions, increasing the prevalence of cashless purchases and decreasing the need for physical currency. Discounts, cashbacks, and easy payment options encourage students to buy things on the spur of the moment. However, when it comes to managing their finances, the survey yields contradictory results. While some students claim to be better at keeping track of their spending with the help of digital records, others feel less in charge of their spending. The study focuses on the impact of these factors on mobile payment systems, highlighting how they may either encourage or discourage excessive spending. The report concludes by highlighting the need of students having a better understanding of personal finance and using digital payment tools responsibly. Additionally, it provides financial service providers, educators, and policymakers with information that they may use to craft regulations that encourage frugal spending while taking use of digital payment methods.
Keywords	Mobile Payment Apps, Digital Wallets, Spending Behavior, College Students, Cashless Transactions, Impulse Buying, Financial Awareness, Consumer Behavior
Published In	Volume 8, Issue 2, March-April 2026
Published On	2026-04-27

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Effect of mobile payment apps on spending habits of college students.

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