Impact of COVID-19 on digital payments and transformation happening in the payment system: An empirical study
Abstract
The COVID-19 virus may expedite the migration to digital payments. Reliable and lasting payment methods are trusted. Blockades and restrictions slowed trade. Money transfers and tariffs caused issues. The digital payment industry must respond quickly, promote recovery, and design the post-covid phase to help this shift. Digital epidemic payment methods are examined. This study analyses the digital divide's causes and effects. Net neutrality and zero-rate planning need attention. It's important to study Internet shutdowns. Indian companies including aviation, logistics, and hotels have suffered. COVID-19 influences companies' online, physical, and digital transactions. COVID-19 increased digital technology use with social distance and national blockades. People and organisations must change. Explore digital rising research concerns.
How to Cite This Article
R Ravichandran, N Sathyanarayana (2023). Impact of COVID-19 on digital payments and transformation happening in the payment system: An empirical study . International Journal of Multidisciplinary Research and Growth Evaluation (IJMRGE), 4(1), 39-41.