No abstract

No abstract

During the COVID-19 pandemic, e-payment systems, also known as cashless payment systems, have steadily evolved as a payment system instrument. Changes in payment methods, followed by a growth in digital payment systems, may be driving people to use e-wallets. The functions of an e-wallet are similar to those of an e-banking or mobile banking account, but an e-wallet gives greater convenience and simplicity of access while making payments. Because the use of e-wallets can help reduce the spread of COVID-19-causing coronaviruses, this study looks into the possibilities of increasing e-wallet usage while also increasing the use of digital payment and online transactions during the COVID-19 outbreak.

E-payment systems, also known as cashless payment systems, have gradually started to replace traditional payment systems. An e-wallet is an innovative cashless payment system that could make transactions more effective and efficient and could mitigate possible fraud risk in cash-based payment systems. This study intends to highlight the potential of e-wallets in mitigating fraud risks in payment systems. This study employs an iterative review of the literature and publications that are relevant to e-wallet and fraud mitigation in payment systems. Based on the analysis, the conclusion reached is that the e-wallet system could reduce the possible risk of fraud occurrence in cash-based payment systems.

No abstract