• ABHISHEK S UPPIN

With the rapid adoption of Unified Payments Interface (UPI) in India, there's a critical need to understand its impact on financial transactions and accounting practices within Indian businesses. This research can shed light on the changes, challenges, and opportunities brought about by UPI adoption. As UPI becomes increasingly integrated into daily transactions, businesses need insights into how to adapt their financial practices and accounting systems accordingly. Exploring this aspect can provide valuable guidance to businesses navigating the transition to a UPI-dominated environment. Moreover, the rise of UPI has implications for financial regulations and policies. Investigating its impact can inform policymakers about the need for adjustments or updates to regulatory frameworks to ensure smooth integration and operation of UPI within the Indian financial ecosystem. The research delves into how UPI has influenced the volume, speed, and cost-effectiveness of financial transactions within Indian businesses. This involves comparing pre- and post-UPI transaction data, identifying efficiency gains, and evaluating the overall impact on business operations. Additionally, the study investigates the changes in accounting practices necessitated by UPI adoption, such as modifications in record-keeping, reconciliation processes, and financial reporting standards. Identifying the challenges faced by businesses in integrating UPI into their financial workflows, along with exploring the opportunities arising from UPI adoption, will be crucial aspects of this research. This includes enhanced financial inclusion, expanded market reach, and improved cash flow management. However, certain limitations must be acknowledged, including the limited availability of comprehensive data on UPI transactions and their impact on businesses. Researchers may need to rely on secondary sources, which could affect the robustness of findings. Despite these limitations, by employing a systematic data collection framework and utilizing various analysis techniques such as descriptive statistics, trend analysis, and regression analysis, this study aims to provide valuable insights into the transformative impact of UPI on Indian businesses' financial transactions and accounting practices.

Unified Payments Interface (UPI), digital payments, financial transactions, accounting practices, Indian businesses, UPI adoption trends, regulatory frameworks, adaptation, integration, challenges, opportunities, data availability, secondary data analysis, descriptive statistics, trend analysis, regression analysis, content analysis.

"THE IMPACT OF UPI ON FINANCIAL TRANSACTIONS AND ACCOUNTING IN INDIAN BUSINESSES", International Journal of Emerging Technologies and Innovative Research (www.jetir.org), ISSN:2349-5162, Vol.11, Issue 5, page no.j742-j805, May-2024, Available :http://www.jetir.org/papers/JETIRTHE2117.pdf

"THE IMPACT OF UPI ON FINANCIAL TRANSACTIONS AND ACCOUNTING IN INDIAN BUSINESSES", International Journal of Emerging Technologies and Innovative Research (www.jetir.org | UGC and issn Approved), ISSN:2349-5162, Vol.11, Issue 5, page no. ppj742-j805, May-2024, Available at : http://www.jetir.org/papers/JETIRTHE2117.pdf