Analysis of influencing factors of e-wallet adoption in Nepal

Abstract

The rapid growth of digital payment options, particularly E-wallets, has transformed the financial landscape. This research study employs a quantitative approach to explore the critical determinants influencing the widespread adoption of E-wallets among users. The study hypothesizes six key factors driving E wallet adoption: ease of use, social influence, security, occupation, frequency of financial transactions, and literacy. A detailed survey was conducted to collect primary data from a diverse sample of E-wallet users, and quantitative analysis techniques, including descriptive analysis and correlation tests, were utilized to analyze the data. The results confirm the significant impact of these factors on users’ decisions to adopt E-wallets. Understanding the factors that influence E-wallet adoption is essential for aiming to enhance user experiences and encourage the widespread adoption of E-wallets in the digital payment ecosystem.