scholarly journals PathShuffle: Credit Mixing and Anonymous Payments for Ripple

2017 ◽  
Vol 2017 (3) ◽  
pp. 110-129 ◽  
Author(s):  
Pedro Moreno-Sanchez ◽  
Tim Ruffing ◽  
Aniket Kate
Keyword(s):  
Financial Institutions ◽  
Building Block ◽  
Payment Systems ◽  
The World ◽  
Atomic Transactions ◽  
Credit Network

Abstract The I owe you (IOU) credit network Ripple is one of the most prominent alternatives in the burgeoning field of decentralized payment systems. Ripple’s path-based transactions set it apart from cryptocurrencies such as Bitcoin. Its pseudonymous nature, while still maintaining some regulatory capabilities, has motivated several financial institutions across the world to use Ripple for processing their daily transactions. Nevertheless, with its public ledger, a credit network such as Ripple is no different from a cryptocurrency in terms of weak privacy; recent demonstrative deanonymization attacks raise important concerns regarding the privacy of the Ripple users and their transactions. However, unlike for cryptocurrencies, there is no known privacy solution compatible with the existing credit networks such as Ripple. In this paper, we present PathShuffle, the first path mixing protocol for credit networks. PathShuffle is fully compatible with the current credit networks. As its essential building block, we propose PathJoin, a novel protocol to perform atomic transactions in credit networks. Using PathJoin and the P2P mixing protocol DiceMix, PathShuffle is a decentralized solution for anonymizing path-based transactions. We demonstrate the practicality of PathShuffle by performing path mixing in Ripple.

Payment Habits as a Determinant of Retail Payment Innovations Diffusion: the Case of Poland

2013 ◽  
Vol 1 (2) ◽  
pp. 86-102 ◽  
Author(s):  
Janina Harasim ◽  
Monika Klimontowicz
Keyword(s):  
Financial Institutions ◽  
Success Factors ◽  
Market Development ◽  
Opportunities To Learn ◽  
Payment Systems ◽  
Global Trends ◽  
Innovative Methods ◽  
Preferred Providers ◽  
Polish Experience ◽  
Empirical Foundation

New and innovative methods for electronic funds transfer are emerging globally. These new payment tools include extensions of the established payment systems as well as new payment methods that are substantially different from traditional transactions. They have made the retail payments faster, cheaper, easier and more convenient for customers. Simultaneously, these payment innovations influence retail payment market around the world. During the last few decades it has changed remarkably and has become a very competitive one. Financial institutions are increasingly in competition with technology companies and other organizations to be the preferred providers of consumer payment services. There are huge differences between retail payment markets in developing countries and those in the mature markets. Payment habits are mostly influenced by local cultural drivers, so global trends are few and far between. Nevertheless, as consumer expectations and habits are becoming more homogenized and financial institutions start to be interested in new markets, the opportunities to learn from the experiences of other economies appear. The paper discusses theoretical and empirical foundation of retail payment innovations diffusion, presents the retail payment taxonomy and the results of a survey held in Poland in 2013. It is concluded that Polish experience can be assessed as a benchmark for searching determinants of retail payment markets development. However, copying success factors for sustainable market development is rather impossible with regard to payment culture, experiences and habits.

Determinants of Financial Inclusion Gender Gap in Ethiopia: Evidence From Decomposition Analysis

2021 ◽  
Author(s):  
Shemelis Kebede Hundie ◽  
Daniel Tadesse Tulu
Keyword(s):  
Financial Institutions ◽  
Gender Gap ◽  
Decomposition Analysis ◽  
Financial Inclusion ◽  
Gender Mainstreaming ◽  
Economic Activities ◽  
Debit Card ◽  
The World ◽  
Males And Females ◽  
Emergency Fund

Abstract In Ethiopia, the gender gap in financial inclusion is high, and the effect of socioeconomic variables on the gap is not well investigated. As a result, this study uses the World Bank’s Global Findex database from 2017 to analyze magnitude and determinants of the gender gap in financial inclusion in Ethiopia. Using Fairlie decomposition technique, we find statistically significant gender gap in all indicators of financial inclusion under study in Ethiopia. The result shows that the highest financial inclusion gender gap is observed in formal saving followed by formal account holding. The decomposition results show males are 16.5%, 16.6%, 8.9 %, 8.4 %t, and 5.8% more likely to have a formal account, formal saving, borrowing, emergency fund possibility, and debit card ownership, respectively. We further decompose these gaps using Daymont and Andrisani approach and the result reveals that differences in coefficients between males and females explain 57.7% in formal saving, 43.4% in formal account holding, and 110.9% in borrowing from formal financial institutions. About 54.2% of the total gender gap in possibility of raising emergcency fund is attributed to differences in characteristics/predictors between the two genders while gender gap in debit card holding is explained by the iteraction between differences in characterisctics and coefficients. Being older, more educated, and wealthier favor financial inclusion, with age, employment, and education having a greater effect. Furthermore, gaps in coefficients, productivity, and advantage to males and disadvantage to females aggravate the gender gap in financial inclusion in Ethiopia. Gender mainstreaming in economic activities to increase income, employment opportunities and education for females to bridge the gender gap in financial inclusion is important.

THE IMPORTANCE OF DIGITAL PAYMENTS IN THE DIGITAL ECONOMY

2021 ◽  
Vol 4 (3) ◽  
pp. 66-72
Author(s):  
Rahmatullo Rashidov ◽  
◽  
Azamjon Rustamov
Keyword(s):  
Potential Role ◽  
Digital Economy ◽  
Gradual Transition ◽  
Payment Systems ◽  
Payment Methods ◽  
The World ◽  
Digital Payments

Advances in the field of digital payment methods have fundamentally changed their operation. These technological progressions have helped bring safer, cheaper, more stable and all-inclusive payment systems to the world. This paper provides a brief overview of digital payment systems. It also argues that government identity managements systems have a potential role in supporting more trusted and secure digital payments.The work we are doing today is also sign of the gradual transition to a digital economy

scholarly journals CURRENT STATE OF THE UKRAINIAN MARKET OF ELECTRONIC PAYMENT SYSTEMS

2021 ◽  
pp. 118-128
Author(s):  
Tetiana ZATONATSKA ◽  
Olena VOLVACH
Keyword(s):  
Future Research ◽  
Electronic Payment ◽  
Payment Systems ◽  
Development Trends ◽  
Current State ◽  
The World ◽  
The Impact

Introduction. Today, almost the only industry in the country that Ukraine can really be proud of and which is considered one of the most technologically advanced in the world is the development of card technologies, payment technologies and card infrastructure. The purpose of the article is to analyze the current state of electronic payment systems in Ukraine and highlight development trends. Results. The modern fintech directions in Ukraine are analyzed and examples of the impact of COVID-19 on the market of electronic payment systems for the last period are given. A number of trends are highlighted for further research in the field of electronic payment systems, which are now quite promising. Perspectives. Given the significant increase in non-cash payments, the problem of developing financial technologies and spreading awareness among the population has become especially urgent. It is necessary to improve not only the financial technologies themselves, but also the ways of providing them to clients and promoting modern financial technologies. Electronic payment systems can still be considered one of the most promising areas for future research.

scholarly journals Innovations & Technology Based Initiatives in Mutual Fund Distribution Intermediation in India

2019 ◽  
Vol 9 (2) ◽  
pp. 4747-4753
Keyword(s):  
Mutual Funds ◽  
Financial Institutions ◽  
Mutual Fund ◽  
Financial Services ◽  
Recent Past ◽  
Indian Government ◽  
Point Of Sale ◽  
The World ◽  
Areas Of Concern ◽  
The Ideal

The world of financial services is changing in ways that are more dramatic than we would have foreseen even five years ago. Taking a leaf from evolving ecosystem around mobile telephony, many financial institutions are using smart technology to remodel their branches into smarter point of sale. This has given a genesis to a terminology of “emerging distribution intermediaries” in financial services. Mutual funds (MF) being the combiner of various savings instruments are regarded as the ideal investment vehicle for today’s complex and modern financial scenario. But its penetration is poor. One of the major levers to increase penetration is innovations in distributing MF products. Considering this, Indian government & regulator have taken many policies reforms & IT initiatives towards increasing retail participation in Mutual Funds and equity markets in recent past. Through this paper, researcher has attempted to critically analyze these initiatives. Apart from highlighting various innovations in MF distributions, this paper will also highlight the present state of online Mutual Fund trading platforms. Further, the paper attempts to highlight the areas of concern, augmentation and intervention in this space.

scholarly journals Penerapan Akad Mudharabah Mutlaqah Pada Tabungan Mabrur Untuk Biaya Perjalanan Ibadah Haji

2021 ◽  
Author(s):  
Ida Safitri ◽  
Rachmad Risqy Kurniawan
Keyword(s):  
Financial Institutions ◽  
The World ◽  
Islamic Financial Institutions

Hajj is one of the pillars of Islam that must be believed and carried out by every Muslim who meets the mandatory requirements which will complete the fifth pillar of Islam. Indonesia is the largest contributor to the Hajj pilgrims in the world, so the National Sharia Council provides an opportunity for Islamic Financial Institutions to respond to the needs of the community in various products. Bank Syariah Mandiri is one of the Islamic financial institutions that provides services for the pilgrimage by using a system that can relieve customers, namely mabrur savings. This savings account aims to provide convenience for prospective Hajj pilgrims by using some of their money so that they can carry out the costs of the pilgrimage.

scholarly journals Public transport payment systems: market survey

2020 ◽  
Vol 9 ◽  
Author(s):  
Aisha Yrgyzbaykyzy Zhubatkhan ◽  
Aigerim Mussina ◽  
Sanzhar Serikovich Aubakirov
Keyword(s):  
Comparative Analysis ◽  
Public Transport ◽  
Research Work ◽  
Market Survey ◽  
Payment Systems ◽  
Security Issues ◽  
The World

In our research work, we study transport card security issues. One of the questions of our study is its relevance in the world and particular in Kazakhstan. Therefore, in this work, we conducted research on the market of transport cards in the world and Kazakhstan. As part of the study, we searched for answers to the following questions: what technologies are used to accept payment by transport cards, in which countries the electronic ticketing system has been introduced, in which cities of Kazakhstan have electronic ticketing systems been implemented, what technologies are used in Kazakhstan. As a result, we showed that the popularity of using NFC payment in the world and in Kazakhstan is growing. We also analyzed the existing electronic ticketing systems in Kazakhstan, made a comparative analysis and got a comparative table.

scholarly journals EVALUATION OF THE ACTIVITIES OF NON-CREDIT FINANCIAL INSTITUTIONS IN THE MONETARY CIRCULATION OF RUSSIA

2019 ◽  
pp. 176-181
Author(s):  
E. Bondarovich ◽  
A. Zhilkina ◽  
O. Revzon
Keyword(s):  
Financial Institutions ◽  
Russian Federation ◽  
Unsolved Problem ◽  
Payment Systems ◽  
Economic Agents ◽  
Russian Economy ◽  
The Russian Federation ◽  
Definition Of ◽  
Monetary Circulation ◽  
Money Circulation

The problematic issues, associated with the functioning of non-credit financial institutions, have been considered. Particular attention has been paid to their activities, in terms of money circulation to organizations-operators of payment systems, in terms of credit to microfinance organizations. Presently, issues of evaluating the activities of non-credit financial institutions are the least developed in the scientific and methodological аspects. Based on the role and importance for monetary and credit circulation in the Russian Federation, ensuring the continuity of payments within the Russian economy and beyond, an approach to the currently unsolved problem as the definition of criteria for the effectiveness of these economic agents has been offered. According to the results of the study, directions have been proposed for improving the assessment of the activities of non-credit financial organizations.

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