May 2024
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30 Reads
Educational Administration Theory and Practice journal
This study investigates the effectiveness of digital media mix strategies in promoting UPI payment applications among urban consumers in Bengaluru. A sample of 300 respondents was selected, focusing on individuals aged 18 and above who actively use UPI apps. The research adopted a quantitative descriptive design, using a structured questionnaire to collect demographic and behavioural data on digital media engagement. Content validity was established through expert review, and a pilot study confirmed the reliability of the tool with a Cronbach’s alpha value of 0.87. Statistical analysis included regression and correlation techniques to evaluate the impact of social media, mobile advertising, content marketing, and AI-driven strategies on customer acquisition, engagement, retention, and satisfaction. Results demonstrated that social media ads and AI-driven marketing strongly influenced user acquisition, while mobile advertising played a critical role in user adoption and retention. Content marketing, particularly educational content, significantly affects user trust and long-term engagement. The findings suggest that fintech startups should prioritize integrated digital marketing strategies, combining social media marketing, mobile ads, and AI-driven personalization to optimize their outreach and engagement. The study also highlights the importance of educational content in fostering user trust and long-term loyalty. In conclusion, the research provides actionable insights for fintech startups on how to enhance their marketing strategies to promote UPI apps effectively. It is recommended that these companies invest in personalized, mobile-first, and educational content-driven campaigns to maximize customer retention and satisfaction.