Research on impact of financial technologies on net profit of electronic money institution under uncertainty conditions

Abstract

Many of us faced a condition of uncertainty such as quarantine for the first time and were not prepared for such government decisions and restrictions on certain activities. Some businesses were closed, so if that was possible, they switched to e-commerce and increased use of financial technology services. It is e-commerce that has become a lifeline for many in these difficult times, but e-money institutions and other financial institutions providing online payment collection services have faced the challenges of increased demand. The main objective of this paper work is to assess the impact of financial technologies on the net profit of electronic money institutions under uncertainty conditions. This will be done based on Paysera LT, JSC data. The study hypothesizes that the growing number of users of financial technologies is influencing the performance of the electronic money institution. To achieve the aim of the paper, correlation and regression analyzes are performed. The study suggests that the hypothesis was not been confirmed.