TITLE 3

EFFECT O F O N L I N E
PAY M E N T I N
LIFE OF CONSUMER
S
THE RESEARCHERS:

LORRAINE M. JADE C. DE ASIS JOVEN D. VICENCIO

BARROGA
ASHLEY RUSSELL D. CABARAL HAZEL MAE C. MANZANO
 R AT I O N A L E
Mobile technology has become
increasingly c o m m o n in today ’s everyday
life. However, mobile payment is
surprisingly n o t a m o n g the frequently
u sed mobile services, although
t e c h n o l o g i c a l l y a d va n c e d solutions exist.
Apparen tly, there is still a l a c k of
a c c e p t a n c e of m o b i l e p a y m e n t services
a m o n g consumers (Agbaeze, 2017).
 R AT I O N A L E
According to Yang (2021), E-wallet payment is
defined as a cashless payment with a digital
system in online business trading or e-c o m m e rc e
to increase the country's competitiveness and
m a ke it easier for the community. Digitalization
allows customers to have n e w ways of m akin g
existing payments a nd transactions. Electronic
services o w n e d by consumers can easily m a ke
online payments a nd increase consumer
confidence in getting products (Li, 2020).
 STATEMENT OF THE PROBLEM
GENERAL PROBLEM:

This study aims to determine the effect

of online payment in life of consumers.
SPECIFIC PROBLEM:

1. What is the demographic profile of

the respondents in the terms of:
1. Age
2. Sex
3. Section
 STATEMENT OF THE PROBLEM
SPECIFIC PROBLEM:

2. H o w consumers' lives are m a d e easier by

using online payment?
3.What are the positive and negative
effects of online payment in fasters
transaction?
4.What are the benefits of using
 S I G N I F I C A N C E O F THE S T U D Y

The study of the effect of online payments

in the lives of consumers is a topic of
significant interest and importance in
today's digital age. Online payments
have b e c o m e increasingly prevalent in
recent years, and their impact on
consumers can be understood from
 S I G N I F I C A N C E O F THE S T U D Y
Convenience and Efficiency. Online payments offer a level
of convenience that traditional payment methods often
can't match. Consumers can m a ke transactions from the
comfort of their homes or while on the go, without the
need for physical cash or checks.
Global Accessibility. Online payments break down
geographical barriers. Consumers can m a ke purchases from
anywhere in the world, enabling access to a wider range of
products and services.
 S I G N I F I C A N C E O F THE S T U D Y
Financial Inclusion. Online payments can improve
financial inclusion by providing access to banking and
financial services for those w h o may not have h a d it
before.
Impact on Consumer Behavior. The ease of online
payments can influence consumer behavior. It can lead
to changes in purchasing patterns, such as more
frequent, smaller transactions, or an increase in impulse
purchases.
 S I G N I F I C A N C E O F THE S T U D Y

Technological Literacy and Adoption.

Understanding and using online payment
systems can contribute to
literacy. technological As digital
transactions
more prevalent, beingb eproficient
come in online
payments is b e c o m i n g an important life
skill.