THE EFFECT OF DIGITAL PAYMENT SYSTEM ON FINANCIAL PERFORMANCE OF APDCL: A CASE STUDY

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Bhargab Bharadwaj, Dr. Uttam Kr. Baruah

Abstract

The main purpose of the study is to analyze the effect of digital payment in the financial performance of a State Owned Public Limited Company more precisely Assam Power Distribution Company Limited (APDCL). The research paper contains statistical analysis of the performance of Assam Power Distribution Company Limited after the implementation of digital payment system. The research paper is based on data available on the website of Assam Power Distribution Company Limited. Data has been collected from the audited final accounts uploaded by the company in their website. The paper will be beneficial to the company as well as to other public limited entities for future as it is mostly based on secondary data and analytical in nature. The very success of the new technology introduced by an organization depends upon the improvement in its financial performance. The effect of digital payment in APDCL case is quite positive and encouraging one. The customers of APDCL are using digital modes of payment effectively. The collection of revenue from all kind of customers is encouraged by the digital payment system. In near future also, digital payment system boosts the financial condition of the company. Five years future trend is predicted with the help of time series analysis which will benefit the company to compare the outcome with forecast. It will also help other public limited companies dealing with digital payment system and collection of revenue in such a way that it can relate the research with their entity and respond accordingly.

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