THE IMPACT OF COVID-19 PANDEMIC ON ELECTRONIC MONEY TRANSACTIONS: A STUDY CASE IN INDONESIA
The rapid technological development has influenced Indonesia’s payment system. Due to the pandemic, people tend to seek cashless payment method to limit physical contact. By using monthly time-series data from Bank Indonesia and Yahoo finance website during 2015 – 2020, this study employs Paired...
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| Format: | Final Project |
| Language: | Indonesia |
| Online Access: | https://digilib.itb.ac.id/gdl/view/57779 |
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| Institution: | Institut Teknologi Bandung |
| Language: | Indonesia |
| Summary: | The rapid technological development has influenced Indonesia’s payment system.
Due to the pandemic, people tend to seek cashless payment method to limit physical
contact. By using monthly time-series data from Bank Indonesia and Yahoo finance
website during 2015 – 2020, this study employs Paired Samples and Ordinary Least
Square (OLS) regression methods to determine the impact of Covid-19 pandemic
on E-Money transactions in Indonesia. This study uses E-Money transactions which
consist of volume (Y1) and nominal value (Y2) of E-Money as dependent variables.
Covid-19 (X1) as a dummy variable. Inflation Rate (X2) and Stock Market (X3) are
included as control variables. The result shows that there is a significant difference
in volume and nominal of E-Money transactions before and during the
implementation of PSBB in Indonesia. Furthermore, Covid-19 correlates positively
with nominal value of E-Money. Inflation correlates negatively with E-Money
while stock market does not have any contribution to E-Money. |
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