Electronic payments used to make payments (% age 15+)

This metric reflects the proportion of individuals aged 15 and older who engaged in electronic payment methods within the last year, encompassing transactions such as online purchases, bill payments, and automated transfers from their bank accounts. It highlights the shift towards digital financial interactions, showcasing the growing acceptance and convenience of technologies like mobile apps, online banking services, and electronic wallet systems. A higher percentage can indicate greater financial inclusivity and accessibility, suggesting that users are increasingly depending on these services for daily transactions. Additionally, this trend may reveal broader societal shifts in consumer behavior, financial literacy, and the overall adoption of technology in managing personal finances. Understanding this indicator can inform policymakers and businesses about the dynamics of digital payment infrastructures and consumer preferences. Source: