THE IMPACT OF DIGITAL PAYMENT SYSTEMS ON THE VELOCITY OF MONEY CIRCULATION
DOI:
https://doi.org/10.60078/3060-4842-2026-vol3-iss2-pp104-110Abstract
This article analyzes the role of digital payment systems in the economy and their impact on money circulation and the velocity of money. Digital payment systems ensure the speed, transparency, and security of financial transactions, thereby reducing the need for cash. This process positively influences economic development, accelerates money circulation, and contributes to the wider accessibility of financial services. In addition, the article highlights opportunities to accelerate economic processes through electronic payments, mobile banking, and other digital technologies
Keywords:
digital payment systems velocity of money circulation electronic payments mobile banking digital economyReferences
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