scholarly journals Effect of Comparative Study of Payment System between Malaysia and Republic of Tajikistan

2017 ◽  
Vol 3 (2) ◽  
pp. 131-136
Author(s):  
Firdavsi Kholiqov ◽  
Sara Ramzani ◽  
Valliappan Raju

Purpose: The worldwide payment system has another alternative called e-payment system now. There are a numbers of different aspects on payment system in two mentioned countries. To utilize the arrangement of e-payment, we can spare our time, assets and powers throughout our day by day to exercise the daily e-payment method. The larger part of developing nation is utilizing this e-payment system these days, on the grounds that the e-payment will push the economy to drive speedily. Author has used quantitative method data collection, whereby questionnaire will be provided to respondents. The populations for this research study are financial organizations in both of countries. The target markets are 59 organizations and for data analyzing author will use SPSS technique. Today, the structure of payment system is electronic-payment systems.  It is believed that the result of this study significantly support e-payment system. Using cash, cheque and other kind of payment methods are very less observed in Malaysia. Author has tried to find what are the comparative aspects of payment system between two countries and what are the benefit of e-payment system which used in Malaysia and unused in Tajikistan. This study will help the payment system of Tajikistan to develop and transform to new payment system accordingly. Therefore, this research will deliver as educational subject and training courses to the Republic of Tajikistan.

Author(s):  
B. B. Amangozhayeva ◽  
S. S. Abdíldín ◽  
Sh. D. Kydyrbaeva

The development of payment systems implies continuous improvement, updating and updating for all their components. This article discusses the issues of functioning, regulatory regulation and further transformation of the payment systems of the Republic of Kazakhstan, taking into account modern realities. The main legislative acts, regulatory documents and requirements regulating the activity of the payment market are considered. The national payment system of the Republic of Kazakhstan, which is in contact with all aspects of the economic activity of the state, is today a strategically important channel that makes it possible to conduct clear and high-quality financial transactions. Currently, the National Bank of the Republic of Kazakhstan and the Agency for Regulation and Development of the Financial Market are taking measures to implement the program for the development of the national payment system until 2025. The program is implemented to address the issues of combating the shadow economy and increasing the share of non-cash payments. The lag in the development and improvement of payment systems leads to the destabilization of the financial sector and reduces the competitiveness of the national economy. This determines the demand for quicker payment processing, expansion of non-cash payments, the introduction of modern technologies and methods of information transfer, increase the security of information systems, to ensure effective and reliable service to all participants. At the same time, the main stages and key tasks of the implementation of the program for the development of the national payment system of the Republic of Kazakhstan are analyzed.


Author(s):  
Aleksandr Aleksandrovich Sitnik

This article is dedicated to study of peculiarities of legal regulation of the work of operators of foreign payment systems and foreign providers of payment services within the framework of national payment system of the Russian Federation. The object of this research is the public relations that emerge in the process of rendering payment services by foreign providers, their provision of electronic payment means for financial transfers on the territory of the Russian Federation, functionality of the operators of foreign payment systems, and supervision by the Bank of Russia. The subject of this research is the legislative norms on national payment system. The scientific novelty consists in the fact that based on the positions of the legislation on national payment system conclusions are made on peculiarities of carrying out supervision over the operators of foreign payment systems and foreign providers of payment services. This supervision is also indirectly carried out through Russian operators of financial transfers. In a case of failure by a foreign organization to meet the requirements established by the legislation on national payment system, the operators of financial transfers loses its right to take part in international payment systems and render financial services associated with transfer of funds using electronic payment methods rendered by foreign providers. The corresponding rules were set to ensure stability of national payment system, increase the quality of payment services, protect the rights and lawful interests of payment service consumers, and finally, ensure financial security of the Russian Federation.


Author(s):  
Sumit Kumar

The latest technology is turning into a vital element in financial business. This paper presents a proposed system called Wi-Fi Security Card (WCS) based on the very common and growing problem of electronic transaction fraud in the countries of India. To solve such problems, we have proposed a novel secure payment method known as Wi-Fi Security Card (WCS). In this paper, we also compared the WCS system to another existing system called Dropped Card Detection (DCD) and Microcontroller and Sensors (MAS). The main advancement of our system over the existing system is that WCS can also prevent fraudulent transactions. Nowadays, security issues in e-payments are usually more demanding than current security issues on the internet. Our findings may enable e-transaction providers to extend their secure payment systems by increasing their protection as necessary for appropriate financial services.


Author(s):  
Michelle W. L. Fong

An efficient payment system is necessary to support efficient trading in goods and services within open market economies. Information technology has been used by many of these economies to achieve efficiency in their payment systems. The Peoples Republic of China, an emerging market economy, regards an efficient electronic payment system as imperative for economic liberalization, for supporting low cash usage and improving monetary control within the economy. By means of the Golden Card project, it aimed for a flexible, convenient, fast, secure and seamless electronic payment system beneficial to economic performance. Although efficiencies in the electronic payment system were achieved in some of the developed regions, there have been teething problems such as low public confidence in the system, weak technological support and inadequate regulatory framework that prevent the full realization of a supportive payment system for overall economic development.


Author(s):  
Dina A. AL-Saji

The emergence of e-commerce has created new financial needs that in many cases cannot be effectively fulfilled by the traditional payment systems. All interested parties are exploring various types of the electronic payment system and issues electronic payment system and digital currency. Therefore, I conducted research on the availability and variety of electronic payment methods in Erbil city, to see the extent of using them in financial transactions. The sample of the research included three banks (Cihan, RT, Byblos). The distributed questionnaires were 40 and collected just 31 were valid to statistically analysis. The questionnaire was designed according to the five-dimensional Likert scale. The SPSS program was used for statistical analysis to extract results Based on the results, the following the most important conclusions were achieved. The results showed that banks have a great interest in electronic payment methods to attract customers and improve customer services. Electronic payment methods are limited only to customers who have a good ability to handle the Internet. According to the results, we made a number of recommendations: Banks should pay attention to issuing new and modern electronic payment methods to attract new customers and follow developments in global markets. Banks and other specialized organizations should conduct awareness programs for clients on the importance and ease of using electronic payment methods in financial transactions in local and international markets.


2021 ◽  
Vol 25 (2) ◽  
pp. 61-81
Author(s):  
Kayode S. Adekeye ◽  
◽  
Kelvin E. Igwe ◽  
Olaniyi M. Olayiwola ◽  
◽  
...  

This study examined the impact of electronic payment system on the profitability of commercial banks in Nigeria. Pooled OLS and Panel regression models were fitted on the data extracted from the banks’ annual reports, Nigerian interbank settlement scheme, and central bank of Nigeria website. The assessment of the contribution of the various electronic payment systems considered were measured using Breusch and Pagan Lagrangian Multiplier (LM) Test, the Hausman Test, Stationarity Test, The Schwarz Criterion, and the Akaike Information Criterion. Results obtained showed that the random effect model was more appropriate than the fixed effect model for all the electronic payment systems considered in this study. Furthermore, it was discovered that there exists a positive relationship between the electronic payment systems and profitability of the commercial banks in Nigeria.


Telaah Bisnis ◽  
2021 ◽  
Vol 21 (2) ◽  
pp. 89
Author(s):  
Rasistia Wisandianing Primadineska

This study aims to examine the effect of changes in individual behavior in the use of electronic payment systems on switching intentions and switching behavior of individuals during the COVID-19 pandemic in Indonesia. Total of 100 respondents from various regions in Indonesia were tested in this study. Most of the respondents are generation Z and millennial. The data were processed using SEM PLS. The results show that during the pandemic, individuals who have already used digital payment systems have the intention of switching from conventional to digital payment systems. The intention to switch has also had a positive effect on the behavior of moving from conventional to digital payment systems. This research adds references to behavioral research related to the development of the payment system in Indonesia, especially during the pandemic.


2021 ◽  
Vol 20 (2) ◽  
pp. 17
Author(s):  
DOUGLAS DA SILVA TINTI ◽  
CELI ESPASANDIN LOPES

This article aims to analyze Brazilian research on statistics education involving teachers to highlight methodological trends and training contexts mobilized by such research. To this end, a survey was carried out in the Dissertation and Thesis Bank of CAPES, considering the descriptor "Statistical Education” and the 2013-2018 timeframe. A total of ninety-nine studies were found, twenty of which met the proposed objective. This is a documentary and bibliographic study, in which an interpretative approach was adopted using the technique of content analysis. The data analysis verified that nine of those studies did not lead to training processes with teachers. In addition, the analysis of the other eleven studies, which led to training, revealed an intrinsic relationship between the methodological path and the training contexts reported. This demonstrated the expressiveness of training contexts based on epistemology of collaboration, that is, those contexts that both give voice and listen to teachers, and recognize them as producers of knowledge. Conversely, we identified two research studies that shaped the training considering the paradigm of technical rationality, and designed training courses to address certain content/concepts that teachers supposedly do not master. It was evidenced that the conception of teacher training has a direct and explicit relationship with the organization of the training spaces outlined. Finally, we identified one research study based on epistemology of practice, which focuses on the understanding of knowledge mobilized in teaching practice. Abstract: Portuguese O presente artigo tem por objetivo analisar pesquisas brasileiras de Educação Estatística que envolveram professores, com vistas a evidenciar tendências metodológicas e de contextos formativos mobilizados por tais estudos. Para tanto, realizou-se um mapeamento no Banco de Dissertações e Teses da CAPES, considerando o descritor “Educação Estatística” e o período de 2013 a 2018. Foram identificadas 99 pesquisas, dentre as quais 20 dialogam com o objetivo proposto. Trata-se de um estudo documental e bibliográfico, no qual se adotou uma abordagem interpretativa que tem como técnica a análise de conteúdo. A análise dos dados permitiu identificar que nove destes estudos não desencadearam processos formativos com os docentes. Além disso, a análise das demais 11 pesquisas, que desenvolveram processos formativos, revelou uma intrínseca relação entre o percurso metodológico e os contextos formativos relatados. Nesse sentido, evidenciou-se uma expressividade de contextos formativos pautados na epistemologia da colaboração, ou seja, aqueles que dão voz aos professores e se colocam à sua escuta; que os reconhecem como produtores de conhecimento. Em contrapartida, duas pesquisas estruturaram as formações, considerando o paradigma da racionalidade técnica e concebendo cursos de capacitação para abordar determinado conteúdo/conceito que o professor supostamente não domina. Constatou-se que a concepção de formação de professores tem relação direta e explícita com a organização dos espaços de formação delineados. Por fim, identificou-se uma pesquisa alicerçada na epistemologia da prática, que se volta para a compreensão de saberes mobilizados no fazer docente.


Author(s):  
Rana Atabay Kuscu ◽  
Yasemin Cicekcisoy ◽  
Umit Bozoklu

Technological advances and correspondingly the spreading usage of the Internet have significantly changed commerce, and also the concept of money has become more abstract. Customers with the help of the technological advances don't have the necessity of cash money, and consumers/firms tend towards alternative payment methods. At this point, electronic commerce (e-commerce) web sites have started to use block chaining payment methods. In this digital world, new payment technologies have started to spread far and wide thanks to fast improvements in payment technologies, and they offer different options in payment methods. Each electronic payment (e-payment) system has some advantages; however, each of them has some disadvantages as well. The aim of this study is to investigate the e-payment systems which are different from traditional payment methods.


Author(s):  
Hakikur Rahman

Payment system is an age-old system of transfer of properties. It has taken different forms of transactions depending on demand, usage, acceptability, tradition, methods, technology and availability. Payment systems varied from commodity transfers, physical financial transactions (traditional payment systems) to virtual payment transactions (electronic payment systems). Electronic payment systems have also taken various forms in varying environments and societies. This chapter provides a general overview on various electronic payment systems, focusing developing countries and tried to relate electronic payment systems as an enabler of financial empowerment. In this context, this chapter reiterated that by raising economic activities via electronic means, as a component of e-commerce, could enhance the electronic governance system of a country. It has also put forward available issues, challenges, methods and tools needed to implement electronic payment systems, especially focusing to developing countries.


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