Financial Inclusion in Indonesia: Moving Towards a Digital Payment System

2016 ◽  
pp. 131-186
Author(s):  
Moekti Prasetiani Soejachmoen
Keyword(s):  
Payment System ◽  
Financial Inclusion

Powering Financial Inclusion through Innovative Payment Systems

2021 ◽  
pp. 349-380
Author(s):  
Matu Mugo ◽  
Kilonzo Evelyne ◽  
Anne W. Mariga
Keyword(s):  
Business Models ◽  
Banking Sector ◽  
Payment System ◽  
Financial Inclusion ◽  
Payment Systems ◽  
The Past ◽  
Payments System ◽  
Lessons Learnt ◽  
Mitigating Factors ◽  
Hall Of Fame

Over the past 50 years, Kenya’s payments and banking systems have undergone both incremental and revolutionary modifications that have transformed Kenya’s financial landscape, from cash transactions to digital finance ecosystems. M-PESA, rolled out in 2007, undoubtedly has earned its place in Kenya’s Hall of Fame. The developments in the payments system have culminated in a more accessible, effective and efficient Kenyan payment system. This chapter tells the M-PESA story from the lens of a regulator, from conception to the eventual launch in March 2007. More importantly, the chapter tells other understated stories of payments and related banking sector innovations that have seen the level of financial inclusion in Kenya triple from 26 per cent in 2006 to over 75 per cent in 2016. The chapter provides lessons learnt in this transformational journey, one being the need for regulators to understand the business models underpinning innovations, risks thereon, and their mitigating factors.

scholarly journals Digital Financial Inclusion Sustainability in Jordanian Context

2021 ◽  
Vol 13 (11) ◽  
pp. 6312
Author(s):  
Abdalwali Lutfi ◽  
Manaf Al-Okaily ◽  
Malek Hamed Alshirah ◽  
Ahmad Farhan Alshira’h ◽  
Thaer Ahmad Abutaber ◽  
...  
Keyword(s):  
Technology Acceptance ◽  
Structural Equation ◽  
Payment System ◽  
Ease Of Use ◽  
Perceived Usefulness ◽  
Financial Inclusion ◽  
Behavioural Intention ◽  
Intention To Use ◽  
Research Model ◽  
Financial Cost

Digital Financial Inclusion (DFI) refers to efforts to make digital financial services available and affordable to all individuals and institutions, regardless of their net expense or institution size and demographic location. Despite the immense benefits of DFI and DFI-based products and services such as mobile money and payment systems, users’ acceptance is thin, limited, and disappointing in some developing countries as Jordan. Consequently, this study has investigated the factors influencing the acceptance of the mobile payment system in the Jordanian context. This study’s research model synthesizes the Technology Acceptance Model (TAM) variables and extended the model with perceived financial cost as an independent variable. The research model has been empirically confirmed by fitting the model to data collected from 304 Jordanian citizens using a survey instrument. The data were analysed using Partial Least Squares-Structural Equation Modelling (PLS-SEM). The result has confirmed that behavioural intention to use the m-payment system is significantly and positively influenced by perceived usefulness and perceived financial cost; behavioural intention to use m-payment system was not found to be significantly and positively influenced by perceived ease of use and hence the related hypothesis was not supported. Finally, conclusions and recommendations are further discussed in the last section of this paper.

scholarly journals Blockchain Interoperability: Towards a Sustainable Payment System

2022 ◽  
Vol 14 (2) ◽  
pp. 913
Author(s):  
Debasis Mohanty ◽  
Divya Anand ◽  
Hani Moaiteq Aljahdali ◽  
Santos Gracia Villar
Keyword(s):  
Systematic Review ◽  
Technology Acceptance ◽  
Payment System ◽  
Financial Inclusion ◽  
Research Issues ◽  
Blockchain Technology ◽  
Atomic Transactions ◽  
Industrial Solutions

The highly fragmented blockchain and cryptocurrency ecosystem necessitates interoperability mechanisms as a requirement for blockchain-technology acceptance. The immediate implication of interchain interoperability is automatic swapping between cryptocurrencies. We performed a systematic review of the existing literature on Blockchain interoperability and atomic cross-chain transactions. We investigated different blockchain interoperability approaches, including industrial solutions, categorized them and identified the key mechanisms used, and list several example projects for each category. We focused on the atomic transactions between blockchain, a process also known as atomic swap. Furthermore, we studied recent implementations along with architectural approaches for atomic swap and deduced research issues and challenges in cross-chain interoperability and atomic swap. Atomic swap can instantly transfer tokens and significantly reduce the associated costs without using any centralized authority, and thus facilitates the development of a sustainable payment system for wider financial inclusion.

Enhancing Financial Inclusion Using FinTech-Based Payment System

2021 ◽  
pp. 191-207
Author(s):  
Mohamed Cherif El Amri ◽  
Mustafa Omar Mohammed ◽  
Ayman Mohamad Bakr
Keyword(s):  
Payment System ◽  
Financial Inclusion

scholarly journals THE INFLUENCE Of CASHLESS PAYMENT USAGE AND PROTECTION AGAINST FINANCIAL INCLUSION IN MICRO AND SMALL ENTERPRISES IN KEDIRI

2021 ◽  
Vol 1 (2) ◽  
pp. 67-76
Author(s):  
Merlin Lenniawati ◽  
Njo Anastasia
Keyword(s):  
Data Analysis ◽  
Payment System ◽  
Financial Inclusion ◽  
Small Enterprises ◽  
Test Results ◽  
Analysis Method ◽  
Online Questionnaire ◽  
Data Analysis Method ◽  
Micro And Small Enterprises

This study examines the effect of the use of cashless payment system and the protection of cashless payment users on financial inclusion in MSEs in Kediri. The sample used in this study amounted to 400 respondents. Data were collected using an online questionnaire via Google Form. The data analysis method used in this study is PLS. The analysis test results show that there is a significant effect of using the cashless payment system on financial inclusion in MSEs (Micro and Small Enterprises) Kediri.

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