Adaptation of e-payment and its influence on consumption value among the consumers in Butuan City, Philippines

Abstract

Advancement occurs in many facets of our lives, most notably in today's digital world, where internet usage has exploded. Most transactions, notably in payments, are now conducted online. Digital payments are quickly gaining popularity in the Philippines as people ditch money to decrease physical touch on worry about contracting covid-19 as well as the convenience that it delivers. This study intends to assess the consequences of adapting e-payment as the means of payment to the consumption value of customers. The goal of this study is to educate customers whether their consumption will be affected or influenced if there will be an adaptation of e-payment. The researchers employed the descriptive-causal study approach in determining the effects of the independent variable, which is the adoption of e-payment, towards the dependent variable, which is the consumption of consumers. The study concluded that the level of adapting e-payment in Butuan City with consideration of the indicators of the independent variable is quite high. The researcher also determined that all indicators of the dependent variable had a substantial influence on the consumers in Butuan City in terms of consumption value. Therefore, data implies that there is a substantial association between the Adaptation of E-payment and Consumption of customers in Butuan City, Philippines.