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Impact of COVID-19 Outbreak on Digital Payments

ANWESH: International Journal of Management & Information Technology

Volume 6 Issue 2

Published: 2021
Author(s) Name: Manjula Gupta and Anil K. Parti | Author(s) Affiliation: Maharaja Agrasen University Baddi, Solan, Himachal Pradesh, India.
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Abstract

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With the advent of technology development and improving digital experience, electronic payments globally are being adopted at an outstanding pace. Even with increasing concerns over data privacy and security, the trend is expected to continue, over the course of development and adoption, electronic payments had a tremendous effect on various sectors like banking, Tourism, Hotel Industry etc. These sectors had affected in various ways. The use of digital payments for everything from groceries to utility bills to cab fares to fee payments, etc. across demographically diverse people, has seen a colossal rise due to the virus’s fear.

Keywords: Bank, COVID-19, Digital, Payment, Transact.

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