Frictionless Transactions

Prime Gilbert T. Rieta

PROS AND CONS OF FRICTIONLESS
TRANSACTIONS
PROS
Convenience
Discounts
Tracking spends
Budget discipline
Lower
Small gains
CONS
High risk of
identity theft
Losing
smartphones/gadgets
Difficult for tech-
unsavvy
Overspending
Future of Frictionless
Transaction
Cashless Transaction Through E-commerce Platform in
the post-COVID-19: A Systematic Literature Review
Karmokar (2019) et al., concluded that when the COVID-19
pandemic prevents social activities, society wants to be continually
sensitive and accurate to the contrivance of a new normal life over a
lengthy period by cashless transactions concluded electronic or digital
payments for purchase in the e-commerce system
Cashless Transaction Through E-commerce Platform in
the post-COVID-19: A Systematic Literature Review
The authors added that the acceptance of one type of
cashless payment will affect another type of cashless payment
in the short term, the significance of accepting cashless payment on
economic growth can only be significantly
experiential in the long term.
Cashless Transaction Through E-commerce Platform in
the post-COVID-19: A Systematic Literature Review
Though, if there is still no high level of reliability and truthfulness
practice without fully understanding the safety aspect of e-commerce
use, the use of e-commerce can’t be fully improved.
Cashless Transaction Through E-commerce Platform in
the post-COVID-19: A Systematic Literature Review
The authors also cited the research of Allam (2020) wherein it was
concluded that the use of cashless transactions, such as through an e-
commerce platform can be seen as an appropriate alternative to help
improve the economy of the country in this COVID-19 pandemic.
Cashless Transaction Through E-commerce Platform in
the post-COVID-19: A Systematic Literature Review
The authors mentioned in the latter part of their research that It is
consequently a chance for researchers to carry out studies on cashless
transactions connected to society’s cultural practices built on the
problems that have been explained in this study.