Technological Innovations of Electronic Payment Systems

Abstract

This article examines the technological innovations in electronic payment systems and their impact on the financial
sector. It explores how electronic payment systems, including online banking, mobile payments, and cryptocurrencies,
have revolutionized financial transactions. The discussion includes the benefits and challenges associated with these
systems, their role in promoting economic development and financial inclusion, and the emerging trends in this field. The
article also highlights the theoretical frameworks that explain the diffusion and adoption of these innovations.