THE IMPACT OF ONLINE PAYMENT SYSTEMS ON ECONOMIC EFFICIENCY
Keywords:
Online payment systems, economic efficiency, digital economy, financial technology, transaction costs, e-commerce, cashless payments.Abstract
This study examines the influence of online payment systems on
economic efficiency, focusing on their role in reducing transaction costs, increasing
business productivity, and fostering market expansion. Using a mixed-method approach,
the research analyzes statistical data, case studies, and expert interviews to assess the economic benefits and challenges associated with digital payment adoption. The findings
indicate that online payment systems contribute significantly to operational cost reduction,
faster cash flow, and improved consumer satisfaction, while also presenting risks such as
cybersecurity threats and regulatory complexities.
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