Center Digital Payment Systems and Their Impact on Global Economic Trends

Abstract

The global economy has faced a significant slowdown or even stagnation due to multiple factors, including the spread of infectious diseases, natural disasters, intensified local conflicts, and wars. To address this decline and stimulate economic growth, countries worldwide have increasingly turned to digital payments. These technologies support economic development, enhance consumer spending, and enable economies to adapt to the rapidly changing global landscape. Digital payments have proven to be a crucial component in overcoming the prevailing weak economic growth. Cross-border e-commerce has expanded, allowing consumers to access the global marketplace, while digital payment systems have streamlined international transactions, facilitating easier participation in global trade. Moreover, the rise of digital currencies, particularly central bank digital currencies (CBDCs), presents a promising future where these currencies may dominate the global economy. As such, digital payments are poised to become a key trend, driving the next phase of global economic transformation.