THE USE OF ALTERNATIVE PAYMENT METHODS AS A RESULT OF COVID 19

Blazhekovikj Toshevski, Marina and Dimeski, Stevcho (2022) THE USE OF ALTERNATIVE PAYMENT METHODS AS A RESULT OF COVID 19. HORIZONS INTERNATIONAL SCIENTIFIC JOURNAL Series A Social Sciences and Humanities. ISSN 1857-9884

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Abstract

The payment industry is always moving forward, but Covid 19, imposed the
businesses had to adjust and move online when the hit the countries in 2020.
Financial services are becoming more digital day by day, providing faster
and better features for customers.
Therefore, the purpose of this paper is to analyze the methods of payment
through electronic commerce imposed by Covid 19 and which are on the
rise. A comparative analysis of these payment methods was made in certain
years before, during and period after Covid 19. An analysis was also made of
the alternative payment methods that are used in some countries.
The research results show that offering alternative payment methods can
help for online merchants to generate more sales and customers can use their
preferred payment methods. It is therefore necessary to supplement the
alternative payment methods and this will make online shopping to be fast
and hassle-free. As the analysis shows, credit and debit cards are still
number one among the payment methods. But it is also clear that there is a
change in the landscape of payment methods, driven by several factors. This
was confirmed by the use of alternative payment methods during the Covid
19 period.

Item Type:	Article
Subjects:	Scientific Fields (Frascati) > Social Sciences > Economics and Business
Divisions:	Faculty of Information and Communication Technologies
Depositing User:	Prof. d-r. Marina Blazekovic
Date Deposited:	30 Aug 2023 17:42
Last Modified:	30 Aug 2023 17:42
URI:	https://eprints.uklo.edu.mk/id/eprint/8760

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