THE EVOLUTION OF DIGITAL PAYMENT SYSTEMS AND THEIR IMPACT ON THE FINANCIAL BEHAVIOR OF THE POPULATION
DOI:
https://doi.org/10.5281/zenodo.20049085Keywords:
digital payment systems, households, consumer behavior, contactless payments, financial inclusion, behavioral economics, mobile banking, saving strategiesAbstract
This paper examines how the ongoing digitalization of payment systems reshapes both
consumption patterns and saving behavior at the household level. Particular attention is given to shifts in financial
decision-making driven by the spread of contactless payments, mobile banking applications, and embedded
financial services. Drawing on insights from behavioral economics alongside an institutional perspective, the
study identifies several key pathways through which digital payment technologies influence intertemporal
consumer choices. The findings suggest that lower transaction costs and greater spending transparency do not
lead to a single outcome but instead generate mixed effects on the balance between consumption and saving.
The paper also highlights how differences in digital engagement contribute to the diversification of financial
behavior across households.
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