Proceedings of the 3rd Annual Management, Business and Economics Conference (AMBEC 2021)

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The Impact of Covid-19 Pandemic on Electronic Money Transactions

(A Study Case in Indonesia)

Authors
Carmelita Vivi Septianurmayanti1, *, Ahmad Danu Prasetyo1
1School of Business and Management, Institut Teknologi Bandung, Bandung, Indonesia
*Corresponding author. Email: carmelita_vivi@sbm-itb.ac.id
Corresponding Author
Carmelita Vivi Septianurmayanti
Available Online 10 December 2022.
DOI
10.2991/978-94-6463-026-8_6How to use a DOI?
Keywords
e-money; Covid-19; Cashless; Inflation rate; Stock market; Indonesia
Abstract

The rapid technological development has influenced Indonesia’s payment system. Due to the pandemic, people tend to seek cashless payment methods to limit physical contact. By using monthly time-series data from Bank Indonesia and Yahoo finance website during 2015–2020, to investigate the influence of the Covid-19 epidemic on E-Money transactions in Indonesia, this study uses the Mann-Whitney U test and Ordinary Least Square (OLS) regression methods. The findings reveal that before and after the application of PSBB in Indonesia, the volume and nominal value of E-Money transactions were significantly different. Moreover, Covid-19 correlates positively with the nominal value of E-Money. Inflation negatively correlates with E-Money, whereas the stock market has no impact on E-Money.

Copyright
© 2023 The Author(s)
Open Access
Open Access This chapter is licensed under the terms of the Creative Commons Attribution-NonCommercial 4.0 International License (http://creativecommons.org/licenses/by-nc/4.0/), which permits any noncommercial use, sharing, adaptation, distribution and reproduction in any medium or format, as long as you give appropriate credit to the original author(s) and the source, provide a link to the Creative Commons license and indicate if changes were made.

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Volume Title
Proceedings of the 3rd Annual Management, Business and Economics Conference (AMBEC 2021)
Series
Advances in Economics, Business and Management Research
Publication Date
10 December 2022
ISBN
10.2991/978-94-6463-026-8_6
ISSN
2352-5428
DOI
10.2991/978-94-6463-026-8_6How to use a DOI?
Copyright
© 2023 The Author(s)
Open Access
Open Access This chapter is licensed under the terms of the Creative Commons Attribution-NonCommercial 4.0 International License (http://creativecommons.org/licenses/by-nc/4.0/), which permits any noncommercial use, sharing, adaptation, distribution and reproduction in any medium or format, as long as you give appropriate credit to the original author(s) and the source, provide a link to the Creative Commons license and indicate if changes were made.

Cite this article

risenwbib
TY  - CONF
AU  - Carmelita Vivi Septianurmayanti
AU  - Ahmad Danu Prasetyo
PY  - 2022
DA  - 2022/12/10
TI  - The Impact of Covid-19 Pandemic on Electronic Money Transactions
BT  - Proceedings of the 3rd Annual Management, Business and Economics Conference (AMBEC 2021)
PB  - Atlantis Press
SP  - 48
EP  - 59
SN  - 2352-5428
UR  - https://doi.org/10.2991/978-94-6463-026-8_6
DO  - 10.2991/978-94-6463-026-8_6
ID  - Septianurmayanti2022
ER  -