International Journal of Science, Engineering and TechnologyAuthors: Mr.B.Sanmugam, Ms.M.Monicka
Abstract: To expedite financial transactions, the apparel industry, which plays a significant role in the global apparel units, is progressively incorporating digital payment systems. When it comes to wage distribution, supplier payments, customer sales, digital payment – via mobile wallets, UPI, debit/credit cards, QR codes, and online banking – offer efficiency, transparency and security. The adoption of digital payment systems in clothing units is examined in this study, with an emphasis on the advantages, difficulties, and long-term effects. The results of surveys, literature reviews, and case studies of small and medium-sized clothing businesses show that the use of digital payments lowers transaction costs, guarantees quicker wage payments, and boosts international trade competitiveness. But obstacles like lack of digital literacy, security threats, and poor infrastructure in rural clothing clusters continue to exist. But there are still obstacles including poor infrastructure, security threats, and digital illiteracy in rural clothing clusters. The study comes to the conclusion that, with improved infrastructure, governmental support, and training, digital payment methods are essential to the modernization and international integration of clothing units.
DOI: http://doi.org/10.5281/zenodo.17104818
