...Zefeng Bai; Mingyan Xu; Jinglin Hu Purpose Digital payments, such as mobile pay, have grown exponentially due to the financial technology revolution. In the present study, we examine the impact of mobile pay on overspending, measured by checking account overdrafts. Design/methodology/approach...

... financial behaviors, overspending and overindebtedness, were used as mediators between mobile payment and financial anxiety. Moreover, multi-group analyses were conducted for two financial knowledge groups and two financial education groups to examine the heterogeneity. A robustness test is employed...