Digital wallet or E-Wallet

A new technology created to make it easier for humans to manage their finances. Do you know what percentage of people in the world use a digital wallet? According to a survey, it said that in America alone 75% of Americans chose to use a digital wallet because it was more convenient than having to carry multiple dollars and a large number of credit cards. Although it is easier, there are also those who would argue that by using an e-wallet, the risk of spending more and wasting money is higher. Some e-wallet services also provide services that are highly sought after by consumers. One of these services is known as the “pay later” method of transaction. This allows users to purchase items without having the cash or amount of money right there and then and instead take on something similar to a loan.

Nowadays digital wallet is not something that is rarely known. The emergence of new technology, especially in finance will definitely cause an impact, both positive and negative. This research focuses on finding out what kind of impact the digital wallet has for users in managing their finances. Managing personal finances is not easy, so it is very important to know the factors that affect finance if using a digital wallet. Using something new and more advanced might be considered cooler and more practical. But it does not reduce the possibility that there are impacts that may not be good at managing finances. This research can show the impact of what happens in managing finances if you use the e-wallet. Not only that, through this research, but new technology developers can also find out what is the right plan for the future, especially in the financial sector.

Source: Digital Wallet Research Paper by Students of Business Information Systems 2023