Evidence from a Quantitative Study on Digital Payments, E‑Commerce, and the Changing Spending Pattern of Teenagers

The paper examines the effects of digital payments and e-commerce on the purchasing behaviour of teenagers, based on secondary quantitative research and hypothetical data analysis. These results indicate that the use of cashless payment systems is very common among teenagers because of the convenience and availability. Online payment and the use of online shopping sites have been found to have a significant impact on the spending behaviours of consumers by raising the level of purchases, impulse purchases, and total spending. It is also evident in the analysis that there is a change in the expenditure pattern towards lifestyle and discretionary products. On the one hand, digital financial technologies facilitate the process of transactions and make it more convenient, but on the other hand, it presents a problem of spending management and financial consciousness. The paper stresses that teenagers should have better financial literacy and practices of responsible digital payments.