Innovation science and technologiy Volume 2 Issue 4 (2026)
THE EVOLUTION OF DIGITAL PAYMENT SYSTEMS AND THEIR IMPACT ON THE FINANCIAL BEHAVIOR OF THE POPULATION
Alieva, Susanna
Abstract
This paper examines how the ongoing digitalization of payment systems reshapes bothconsumption patterns and saving behavior at the household level. Particular attention is given to shifts in financialdecision-making driven by the spread of contactless payments, mobile banking applications, and embeddedfinancial services. Drawing on insights from behavioral economics alongside an institutional perspective, thestudy identifies several key pathways through which digital payment technologies influence intertemporalconsumer choices. The findings suggest that lower transaction costs and greater spending transparency do notlead 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 financialbehavior across households.
digital payment systems, households, consumer behavior, contactless payments, financial inclusion, behavioral economics, mobile banking, saving strategies
Metadata source: the journal's OAI-PMH archive · Sindex does not store the full text; it links to the source.