The Impact of Covid-19 Pandemic on Electronic Money Transactions

Carmelita Vivi Septianurmayanti () and Ahmad Danu Prasetyo
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Carmelita Vivi Septianurmayanti: Institut Teknologi Bandung, School of Business and Management
Ahmad Danu Prasetyo: Institut Teknologi Bandung, School of Business and Management

A chapter in Proceedings of the 3rd Annual Management, Business and Economics Conference (AMBEC 2021), 2023, pp 48-59 from Springer

Abstract: Abstract The rapid technological development has influenced Indonesia’s payment system. Due to the pandemic, people tend to seek cashless payment methods to limit physical contact. By using monthly time-series data from Bank Indonesia and Yahoo finance website during 2015–2020, to investigate the influence of the Covid-19 epidemic on E-Money transactions in Indonesia, this study uses the Mann-Whitney U test and Ordinary Least Square (OLS) regression methods. The findings reveal that before and after the application of PSBB in Indonesia, the volume and nominal value of E-Money transactions were significantly different. Moreover, Covid-19 correlates positively with the nominal value of E-Money. Inflation negatively correlates with E-Money, whereas the stock market has no impact on E-Money.

Keywords: e-money; Covid-19; Cashless; Inflation rate; Stock market; Indonesia (search for similar items in EconPapers)
Date: 2023
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Persistent link: https://EconPapers.repec.org/RePEc:spr:advbcp:978-94-6463-026-8_6

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DOI: 10.2991/978-94-6463-026-8_6

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