M. M. Naeser Seldal|Ellen K. Nyhus
Financial Vulnerability, Financial Literacy, and the Use of Digital Payment Technologies
University of Agder|University of Agder
purpose study test notion use digital payment methods paying mobile phone increases risk financial vulnerability research usa indicates relationship study whether finding generalized countries motivated recent changes eu legislation related financial transactions also examine willingness use social media companies money transfers along sharing bank account information thirdparty financial services exploiting data collected representative sample norwegian adult population n 2202 identify differences financial behaviour characteristics users nonusers different digital payment methods contrast us studies find mobile payment users less financially vulnerable nonusers women likely users digital payment technologies men younger generations low financial literacy financially vulnerable others although find related use mobile payment digital payment methods results show need research different countries outside usa obtain understanding consequences increased digitalization financial services addition covid19 shifted vast amount spending online newer payment technologies become available need gain better understanding influence financial behaviour