scholarly journals COVID 19 Outbreaks on the Growth of Self Servicing Technology Using Digital Payments

Webology ◽  
2021 ◽  
Vol 18 (2) ◽  
pp. 22-40
Author(s):  
R. Rajesh Kannan ◽  
S. Vasantha
Keyword(s):  
Cyber Attacks ◽  
Modern World ◽  
Regulatory Body ◽  
Sudden Increase ◽  
International Crisis ◽  
Evolution Of Technology ◽  
The Government ◽  
Digital Payments ◽  
The Impact ◽  
Related Trade

In comparison to any other International crisis, Covid19 was sudden and did not leave much time for individuals or Governments to prepare in terms of the impact it had on healthcare infrastructure or trade-in various sectors. The modern world is highly connected and stopping the inter-country movement of people is very difficult. Given the rapid increase of cases, Covid19 was declared as a pandemic and for lack of any other viable option, most Governments chose the way of locking down the economy. There was little information on how Covid19 spreads mortality rate or recovery rate, etc. Impetus on social distancing forced people to get wary of any contact including the exchange of cash which in turn resulted in the rapid adoption of alternate measures such as digital payments. Supply chain management was badly hit and demand for essential products and services increased significantly. Although overall volumes of digital payments went down due to adverse impact on several sectors, its usage as a replacement of cash increased significantly. This sudden increase and adoption by people who are not technology-savvy gave rise to frauds and cyber-attacks. Thus there arose a need for stringent regulations, the evolution of technology, and enhanced user education. There has been a significant push by the Government for achieving a cashless economy and digital payments surely will provide robust support for this objective. RBI has also proposed a self-regulatory body for digital payment and has taken initiatives like making NEFT available 24*7 and removing applicable charges. There are rising impetus and applications of digital payment technologies in day-to-day and business-related trade transactions.

Study of Increasing Adoption Trends of Digital Banking and FinTech Products in Indian Payment Systems and Improvement in Customer Services

2021 ◽  
pp. 229-255
Author(s):  
Narinder Kumar Bhasin ◽  
Anupama Rajesh
Keyword(s):  
Customer Satisfaction ◽  
Central Bank ◽  
Banking System ◽  
Government Agencies ◽  
Payment Systems ◽  
Online Payment ◽  
Customer Services ◽  
The Government ◽  
Digital Payments ◽  
The Impact

The objective of massive adaptation of digital payments by the banks with the support of the central bank of any country along with their government agencies is to improve customer services and satisfaction in the online payment systems in place of cashless and paperless payment systems. There are very few researches that have focused to measure the higher customer satisfaction based on factors like trust, risk-free, secure, transparent, accountability of banks, fintech, regulator, and payment system operators. This chapter analyzes the impact of digital banking and fintech in the Indian banking system, initiatives taken by RBI, NPCI, and the government to build the strong trust of customers in online payment systems to ensure improvement in customer services with higher customer satisfaction.

Mexico banks to benefit from financial inclusion push

2019 ◽  
Keyword(s):  
Positive Impact ◽  
Financial System ◽  
Cyber Attacks ◽  
Financial Inclusion ◽  
Content Type ◽  
Investor Confidence ◽  
High Profile ◽  
Payments System ◽  
The Government ◽  
Digital Payments

Significance The governor cited goals for the government to pursue over the coming year including anti-corruption efforts, the encouragement of investment and the enthusiastic adoption of Cobro Digital (CoDi) -- a digital payments system he claims could “transform the financial system”. His remarks come as President Andres Manuel Lopez Obrador (AMLO) pushes for greater financial inclusion to bolster the economy. Impacts The push for greater financial inclusion is likely to have a positive impact on the country’s least developed areas. AMLO’s willingness to work closely with bankers could strengthen otherwise weak investor confidence in his government. Security could become an issue for potential digital banking users -- the SPEI suffered a series of high-profile cyber-attacks last year.

scholarly journals THE IMPACT OF THE GLOBAL ECONOMIC CRISIS ON THE POLAND

2021 ◽  
Vol 9 (4) ◽  
pp. 202-208
Author(s):  
Aleksandra Korczyc
Keyword(s):  
European Union ◽  
Financial Crisis ◽  
Global Financial Crisis ◽  
Global Analysis ◽  
Modern World ◽  
The European Union ◽  
Remedial Actions ◽  
The Government ◽  
The Global Financial Crisis ◽  
The Impact

Purpose of the study: This study aims to present the specifics of the global financial crisis, the threats it brings for Poland in the legal sphere, and possible actions to be taken in this area, particularly at the European Union and Poland level. Methodology: The article uses the historical method and the analysis of documents both at the Polish and European Union levels, including laws, regulations, and decisions. Main Findings: The scope of the financial crisis in question and its relatively easy transfer between markets entails the necessity to apply extraordinary remedial actions. Poland, through its participation in the European Union, seems to be relatively well protected against the effects of the financial crisis. However, it needs to undertake further structural reforms, in particular reforms of public finances. Applications of this study: The current study is highly significant for the government of the day in this modern world; the study could be quite effective and meaningful for Higher Education Institutions, government, banks, financial institutions. Novelty/Originality of this study: Description of the essence of the financial crisis, possibilities of its prevention - earlier possibilities of remedial actions at the institutional and legal level, possibilities of obtaining financial support, global analysis of the problem, including its causes.

scholarly journals State regulatory measures of the government of India in the situation of the COVID-19 outbreak

2020 ◽  
pp. 53-68
Author(s):  
Yogender Chauhan ◽  
Zhanna Mingaleva ◽  
Irina Mirskikh
Keyword(s):  
Historical Context ◽  
Modern World ◽  
Effective Response ◽  
Coronavirus Infection ◽  
Regulatory Measures ◽  
The Government ◽  
The Impact ◽  
Positive Results ◽  
Epidemic Diseases ◽  
Epidemiological Situation

The aim of the paper is to analyze the measures taken by the government of India to prevent the spread of coronavirus infection among the population, as well as to mitigate the impact of COVID-19 pandemic on the activities of companies and enterprises and to prevent a socio-economic crisis. The main shortcomings and positive results achieved by the government of India, state and city administrations in the fight against COVID-19 are identified using bibliographic and comparative analysis methods and taking into account the historical context. The authors conclude that the existing “Epidemic Diseases Act,” 1897, which is applied as the main normative act regulating the epidemiological situation in the country, does not take into account all the factors and conditions of the spread of infectious diseases in the modern world and does not reflect the reality in terms of effective response to the outbreak of coronavirus disease.

Impact of Trust on Customer Adoption of Digital Payment Systems

2020 ◽  
pp. 16-42
Author(s):  
Palak Kanojia ◽  
Madan Lal
Keyword(s):  
Research Question ◽  
Intention To Use ◽  
Retail Sector ◽  
Payment Systems ◽  
Electronic Payments ◽  
Technology Adoption Model ◽  
Trust In Technology ◽  
The Government ◽  
Digital Payments ◽  
The Impact

With the government spending huge amounts on making digital payments successful, the reports indicate that the rate of penetration is not as rapid as it is supposed to be. Many third parties are entering into the payment sector with alternative payment systems at retail sector. This study is based on the literature available on the consumer behaviour theory of planned behaviour (TPB). The purpose of the research is to test the relationship between the trust-based factors and the antecedents of the behavioural intention to use electronic payments by the users. Presently, the research question that has been concentrated on is to study the impact of trust on the attitude and intention to use electronic payments in India. The objective of the study is to examine the role of trust in technology adoption model. The findings indicated that trust acts as a significant determinant of consumer adoption of digital payments in India. Therefore, in order to find the answers to the research question, the study has been conducted among the users of electronic payments.

Evaluation of Mobile-Based Digital Payments and Challenges

2021 ◽  
Vol 12 (1) ◽  
pp. 15-29
Author(s):  
Jitendra Singh ◽  
Anil Kumar ◽  
Kamlesh Kumar Raghuvanshi
Keyword(s):  
Empirical Study ◽  
Study Data ◽  
Cyber Attacks ◽  
The Other ◽  
Mobile Payment ◽  
It Infrastructure ◽  
Other Hand ◽  
Security Challenges ◽  
Digital Payments ◽  
The Impact

Owing to the higher usage of internet post and during COVID-19, attacks on IT infrastructure and digital payment have surged. This work undertakes the empirical study on mobile-based payment and determines the impact of post-demonetization, during COVID-19 and post COVID-19. Number of banks supporting digital payment, value in each transaction, monthly values are the factors that have been undertaken for this study. Data revealed higher usage of mobile-based payments. On the other hand, security challenges on payment have been explored by considering the world's leading regulations and standards prevailing on mobile-based payment. Major recommendations of financial regulators and CERT-IN have been included for the deeper understanding of employed security. This work will be immensely helpful to all the stakeholders aiming to understand the mobile payment trends on multi dimensions and strengthening the security in mobile-based payment to avoid any losses that may be incurred due to cyber-attacks.

Secular stagnation in the modern world

2018 ◽  
pp. 125-141 ◽  
Author(s):  
S. M. Drobyshevsky ◽  
P. V. Trunin ◽  
A. V. Bozhechkova
Keyword(s):  
Public Debt ◽  
Capital Accumulation ◽  
Technological Development ◽  
Japanese Economy ◽  
Modern World ◽  
Key Factors ◽  
Destruction Process ◽  
Secular Stagnation ◽  
The Impact

The paper studies the factors of secular stagnation. Key factors of long-term slowdown in economic growth include the slowdown of technological development, aging population, human capital accumulation limits, high public debt, creative destruction process violation etc. The authors analyze key theoretical aspects of long-term stagnation and study the impact of these factors on Japanies economy. The authors conclude that most of the factors have significant influence on the Japanese economy for recent decades, but they cannot explain all dynamics. For Russia, on the contrary, we do not see any grounds for considering the decline in the economy since 2013 as an episode of secular stagnation.

Prinsip Kearifan Lokal dalam Pengembangan Strategi Kehumasan pada Pemerintah Daerah Kabupaten Bandung

2020 ◽  
Vol 4 (2) ◽  
pp. 229-248
Author(s):  
Betty Tresnawaty
Keyword(s):  
Public Relations ◽  
Local Knowledge ◽  
Case Study Approach ◽  
West Java ◽  
Study Approach ◽  
Positive Image ◽  
The Government ◽  
The Impact ◽  
Public Relations Strategy

Public Relations of the Bandung Regency Government realizes that its area has a lot of potential for various local wisdom and has a heterogeneous society. This study aims to explore and analyze the values of local knowledge in developing public relations strategies in the government of Bandung Regency, West Java province. This study uses a constructivist interpretive (subjective) paradigm through a case study approach. The results showed that the Bandung Regency Government runs its government based on local wisdom. Bandung Regency Public Relations utilizes local insight and the region's potential to develop a public relations strategy to build and maintain a positive image of Bandung Regency. The impact of this research is expected to become a source of new scientific references in the development of public relations strategies in every region of Indonesia, which is very rich with various philosophies.Humas Pemerintah Kabupaten Bandung menyadari wilayahnya memiliki banyak potensi kearifan lokal yang beragam, serta memiliki masyarakatnya yang heterogen. Penelitian ini bertujuan menggali dan menganalisis nilai-nilai kearifan lokal dalam pengembangan strategi kehumasan di pemerintahan Kabupaten Bandung provinsi Jawa Barat.  Penelitian ini menggunakan paradigma interpretif (subjektif) konstruktivis melalui pendekatan studi kasus. Hasil penelitian menunjukkan bahwa Pemerintah Kabupaten (Pemkab) Bandung menjalankan pemerintahannya berlandaskan pada kearifal lokal. Humas Pemkab Bandung memanfaatkan kearifan lokal dan potensi wilayahnya untuk mengembangkan strategi humas dalam membangun dan mempertahankan citra positif Kabupaten Bandung.Dampak penelitian ini diharapkan menjadi sumber rujukan ilmiah baru dalam pengembangan strategi kehumasan di setiap daerah Indonesia yang sangat kaya dengan beragam filosofi. 

INNOVATIVE ARCHITECTURAL IDEAS OF THE FUTURE DWELLINGS

2020 ◽  
Vol 2 (2) ◽  
pp. 67-75
Author(s):  
Dzhyhil Yu. ◽  
Keyword(s):  
Personal Responsibility ◽  
Traffic Noise ◽  
Modern World ◽  
Future Research ◽  
Housing Design ◽  
Residential Architecture ◽  
Planning Decisions ◽  
National University ◽  
Methodological Principles ◽  
The Impact

Residential architecture has one of the most conservative styles based on its specifics. However, today this type of architecture seeks to actively respond to changes in the modern world. These changes are caused by multiple factors, among them are: technological and information progress; lack of resources and environmental pollution; military conflicts and population migration etc. The purpose of this article is to summarize the experience of the Department of Architectural Environment of Lviv Polytechnic National University over housing issues and outline the methodological principles of innovation in designing both individual houses and the architectural environment of residential formations. While writing this article, we analyzed the 15-year experience of Architectural Environment's Department diploma projects. The unique feature of these projects is the priority on the design of the environment. The evolution of diploma project topics is revealed on multiple distinctive examples such as the reconstruction of old buildings in Lviv and the construction of prefabricated homes and container-type housing. Futuristic settlements are represented in projects such as “The Ocean Settlements” and “Prykarpatsk - the City of Future”. Research projects were developed to study current trends in housing design and the impact of innovative technologies on planning decisions. These projects discoursed the protection of housing from traffic noise and issues related to environmental preservation. Innovative architectural ideas of future housing, developed by students in these projects, are based on a combination of aesthetic, technical, and social components of architecture. The conclusion indicates that when educating future architects, it is important to teach them the basics of the craft, as well as the ability to defend their innovative ideas. The emphasis is placed on the importance of educating the architect's personal responsibility for their own design solutions. It is stated that professional motivation and the ability to constantly renew previously acquired knowledge and skills will be among the main tasks in training future architects.

Transport infrastructure of the Rostov Oblast: Problems and prospects for development in the context of national projects implementation

2020 ◽  
Vol 19 (6) ◽  
pp. 1015-1034
Author(s):  
O.Yu. Patrakeeva
Keyword(s):  
Time Series Data ◽  
Mutual Influence ◽  
Rostov Oblast ◽  
Transport Infrastructure ◽  
Series Data ◽  
Cointegration Tests ◽  
Level Of Economic Development ◽  
Short Run ◽  
The Government ◽  
The Impact

Subject. The paper considers national projects in the field of transport infrastructure, i.e. Safe and High-quality Roads and Comprehensive Plan for Modernization and Expansion of Trunk Infrastructure, and the specifics of their implementation in the Rostov Oblast. Objectives. The aim is to conduct a statistical assessment of the impact of transport infrastructure on the region’s economic performance and define prospects for and risks of the implementation of national infrastructure projects in conditions of a shrinking economy. Methods. I use available statistics and apply methods and approaches with time-series data, namely stationarity and cointegration tests, vector autoregression models. Results. The level of economic development has an impact on transport infrastructure in the short run. However, the mutual influence has not been statistically confirmed. The paper revealed that investments in the sphere of transport reduce risk of accidents on the roads of the Rostov Oblast. Improving the quality of roads with high traffic flow by reducing investments in the maintenance of subsidiary roads enables to decrease accident rate on the whole. Conclusions. In conditions of economy shrinking caused by the complex epidemiological situation and measures aimed at minimizing the spread of coronavirus, it is crucial to create a solid foundation for further economic recovery. At the government level, it is decided to continue implementing national projects as significant tools for recovery growth.

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