Young adults' attitude towards digital payment methods and financial responsibility

Document Type

Conference Proceeding

Publication Title

36th Bled eConference: Digital Economy and Society: The Balancing Act for Digital Innovation in Times of Instability

First Page

393

Last Page

405

Publisher

University of Maribor

School

School of Business and Law

RAS ID

60681

Comments

Rosenlind, E., Söderström, U., Norberg, O., Cripps, H., & Mejtoft, T. (2023). Young adults' attitude towards digital payment methods and financial responsibility. In 36th Bled eConference: Digital Economy and Society: The Balancing Act for Digital Innovation in Times of Instability (pp. 393-405). University of Maribor. https://bledconference.org/conference-programme/

Abstract

There are numerous online payment methods when shopping online. This paper presents the evolution of payment methods through the years and investigates which payment methods young adults prefer and investigates if and how modern payment methods affect financial responsibility among young adults. The study was conducted through a survey and follow-up interviews with Swedish young adults. 75% claimed they make online purchases 1-3 times a week or more, of which 35% always check their bank account before paying. The study suggests that direct payment using their smart device (Swish) is the most preferred payment method. The research suggests that it is the combination of the different payment methods available that is impacting financial responsibility among young adults rather than the payment method itself.

DOI

10.18690/um.fov.4.2023.25

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