October 15, 2025International Journal For Multidisciplinary ResearchOpen Access

How do Digital Payment Systems Affect Consumer Behavior and Banking Services?

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Authors

AAAnkit Kumar AgrawalNorthwestern University

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Implication

Analysis reveals changes in consumer behavior and banking services due to digital payments, indicating the role of cybersecurity and financial inclusion.

Key Points

Digital payment systems significantly alter consumer behavior, favoring speed and convenience over cash transactions.
The shift towards digital payments has increased financial inclusion while prompting traditional banks to innovate and digitize.
Challenges surrounding cybersecurity and data privacy present significant considerations for the future of banking services.
Emerging technologies like AI, blockchain, and central bank digital currencies will shape the landscape of digital payments.

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Ankit Agrawal (2025) studied this question.

synapsesocial.com/papers/68efbd16d61273c8652d810f https://doi.org/10.36948/ijfmr.2025.v07i05.55138

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Implication

Analysis reveals changes in consumer behavior and banking services due to digital payments, indicating the role of cybersecurity and financial inclusion.

How do Digital Payment Systems Affect Consumer Behavior and Banking Services?

Discussion

Member takes

Implication

Key Points

Cite This Study

How do Digital Payment Systems Affect Consumer Behavior and Banking Services?

Discussion

Member takes

Implication

Key Points

Cite This Study

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Also Consider