DIGITAL PAYMENT ADOPTION DURING ECONIC CRISES

Authors

  • Ilqar Vuqar oglu Memmedov Azerbaijan University, 71 Jeyhun Hacıbəyli, Baku, Azerbaijan

Keywords:

Digital Payments, Economic Crises, Financial Technology, Consumer Behavior, Cashless Economy

Abstract

This article studies the rapid adoption of digital payment systems during economic crises, particularly the 2008 Financial Crisis and the COVID-19 pandemic. It explains  how financial instability accelerated the use of online banking, mobile wallets, and contactless payments due to safety, and efficiency. The study also discusses key benefits, challenges such as cybersecurity and inequality, and the future development of cashless economies

Published

2026-05-24

How to Cite

Ilqar Vuqar oglu Memmedov. (2026). DIGITAL PAYMENT ADOPTION DURING ECONIC CRISES. Reviews of Modern Science, (13). Retrieved from https://ojs.scipub.de/index.php/RMS/article/view/8796

Issue

No. 13 (2026): Reviews of Modern Science

Section

Economic Sciences

License

Creative Commons License

This work is licensed under a Creative Commons Attribution-ShareAlike 4.0 International License.