Impact of the COVID-19 pandemic on the payment system for goods and services

Abstract

The coronavirus that affected the entire world economy caused a global economic crisis, which led not only to significant losses — a reduction in GDP, an increase in unemployment, and a decrease in population incomes, but also revealed new opportunities for economic development. Thus, the coronavirus epidemic, which led to the widespread introduction of self-isolation, accelerated the process of digitalization of the world and domestic economy. One of the areas of digitalization will be discussed in this article.