Acceleration Of International Tourism Improves Digital Payments Usage: The Case Of Thailand

Abstract

This research examines the state revenue from international tourism on the rising usage of digital payment in Thailand from 2011 to 2020. The data are analyzed through multiple linear regression using the annual data of the World Bank and Thailand government. Surprisingly, the international tourism variable can explain 91 percent of the variation in digital payment usage in Thailand with the model is proven to be fit. Jarque Bera test shows the residuals are normal. Breusch-Godfrey Serial Correlation Lagrange Multiplier test proves that the residuals are free from serial correlation. Breusch-Pagan Godfrey depicts that the residuals are free from heteroskedasticity. In conclusion, there is a significant influence of the international tourism receipts on accelerated usage of digital payment in Thailand.