The Changes and Challenges of Digital Payment

DOI

10.2991/978-94-6463-748-9_65How to use a DOI?

Keywords

digital payments; electronic transactions; mobile wallets; convenience; cybersecurity

Abstract

The innovation of digital payment has completely changed the way people handle money, replacing traditional cash transactions with more convenient and efficient intelligent payment systems. However, these systems also have their challenges. This paper discusses the changes digital payments have brought, including consumer convenience and spending patterns and improved financial inclusion. This paper also included the challenges associated with it, such as cybersecurity risks, digital divide and how its impact on conventional monetary policies. This study provides a comprehensive examination of the advantages and disadvantages of digital payment systems while offering insights for individuals, businesses and governments to help them adjust to the changing financial environment.

Copyright

© 2025 The Author(s)

Open Access

Open Access This chapter is licensed under the terms of the Creative Commons Attribution-NonCommercial 4.0 International License (http://creativecommons.org/licenses/by-nc/4.0/), which permits any noncommercial use, sharing, adaptation, distribution and reproduction in any medium or format, as long as you give appropriate credit to the original author(s) and the source, provide a link to the Creative Commons license and indicate if changes were made.

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TY  - CONF
AU  - Maria Angela Wang Shi
PY  - 2025
DA  - 2025/07/03
TI  - The Changes and Challenges of Digital Payment
BT  - Proceedings of the 2025 International Conference on Financial Risk and Investment Management (ICFRIM 2025)
PB  - Atlantis Press
SP  - 579
EP  - 587
SN  - 2352-5428
UR  - https://doi.org/10.2991/978-94-6463-748-9_65
DO  - 10.2991/978-94-6463-748-9_65
ID  - Shi2025
ER  -