scholarly journals Digital Financial Literacy: A Study of Households of Udaipur

2018 ◽  
Vol 5 ◽  
pp. 23-32
Author(s):  
Hanuman Prasad ◽  
Devendra Meghwal ◽  
Vijay Dayama
Keyword(s):  
Financial Literacy ◽  
Credit Card ◽  
Personal Characteristics ◽  
Internet Banking ◽  
Indian Government ◽  
Digital Platforms ◽  
Cash Transaction ◽  
Digital Transactions ◽  
Digital Payments ◽  
The Impact

Financial literacy has been center of discussion world over. Financial literacy can be generally defined as a person’s ability to understand, analyze, manage, and communicate personal finance matters. More specifically, it refers to the set of skills and knowledge that allows an individual to make informed and effective decisions through their understanding of finances. It is the ability to make informed judgments and take effective decision regarding the use and management of money. Now the trend is change financial literacy become old wine people are moving towards digital financial literacy. The interesting side of digital financial literacy is more people are going of digital payments, the value of internet banking, debit card & credit card, mobile banking are going high. Indian Government is also promoting Digital India recently they have launched many schemes like are Pradhan Mantri Jan Dhan Yojna, Jeevan Jyoti Bima Yojna, Suraksha Bima, MUDRA Bank Yojna, BHIM. The Vittiya Saksharta Abhiyan (VISAKA) also been launched by Ministry of Human Resource. The prime objective of the research is to know the digital financial literacy among the households of Udaipur city. The awareness about various digital platforms and their frequency of use is taken as digital financial literacy. The study further aims to diagnose the impact of personal characteristics on digital financial literacy. The sample of the study is taken from Udaipur city of Rajasthan state of India. A sample of 268 households was selected randomly. A well-structured questionnaire was used to survey and generate digital financial literacy data. The results of study will be a useful direction for both digital platform providers and government to promote citizen for digital transactions. The study also suggests that a wave of awareness campaign is required for bringing more people in the umbrella of digital transaction. Further, a cash transaction oriented economy like India needs to have dual edged sword, where in one hand it needs to bring more policies for lesser use of cash and on the other greater use of digital cash.

scholarly journals Usage of Digital Payments – Pre and Post Demonetization

2019 ◽  
Vol 8 (4S3) ◽  
pp. 287-289
Keyword(s):  
Credit Card ◽  
Mobile App ◽  
Information And Communications Technology ◽  
Usage Pattern ◽  
The People ◽  
Before And After ◽  
Digital Transactions ◽  
Digital Payments ◽  
The Impact ◽  
Banking Credit

Emerging changes of ICT (Information and Communications Technology) and the impact of demonetization accelerated various digital initiatives. Demonetization focuses on increasing usage of digital transactions in all the areas. This helps to investigate the usage pattern of digital payments before and after demonetization. The outcome of the study shows that using E-Wallets, Mobile app, net banking, credit card, and debit card has increased after demonetization and using of cheque has decreased after demonetization. This shows that the people adapted to the digital payment system because the technology made them with ease.

PEMBAYARAN NON TUNAI: PERSEPSI CIVITAS AKADEMIKA FITK UIN MAULANA MALIK IBRAHIM MALANG

2015 ◽  
Vol 2 (1) ◽  
pp. 63
Author(s):  
Umi Julaihah
Keyword(s):  
Financial Literacy ◽  
Quantitative Research ◽  
Internet Banking ◽  
Academic Community ◽  
Single Type ◽  
Student Group ◽  
The Public ◽  
Cash Payment ◽  
Cash Transaction

<p>Non-cash payment has been promoted by Bank Indonesia since 2006 but, until now many people are still reluctant to use such facilities. This research uses descriptive quantitative research which aims to know the perception of the academic community of the Fakultas Tarbiyah dan Keguruan (FITK) UIN Maulana Malik Ibrahim Malang on usability, convenience, security and risks of non-cash transaction. The results showed that the respondents had a good perception on usability, convenience, security and risks of non-cash transactions. This research also finds that the student group is still using a single type of instrument ie. ATM transaction, while the lecturer-employees group is already using the ATM, SMS banking and Internet banking. Bank Indonesia is  expected  to  educate  the  public continuously, so people have well financial literacy that would boost the success of non-cash transactions movement in Indonesia.</p><p><strong>Keywords</strong>: perception, payment, non cash</p>

scholarly journals A Study on Consumer Awareness and Satisfaction towards Online Digital Payment - With Special Reference to Pollachi Taluk

2021 ◽  
Vol 9 (3) ◽  
pp. 25-29
Author(s):  
M Deepa
Keyword(s):  
Credit Card ◽  
Sampling Method ◽  
Secondary Data ◽  
Primary Data ◽  
Rank Test ◽  
Customer Preference ◽  
Level Of Satisfaction ◽  
Convenience Sampling ◽  
Digital Transactions ◽  
Digital Payments

Digital payment a way to make payment that is made through digital modes. In digital payments the payer and payee or both can use the digital modes to send and receive money. It is also called electronic payment. There is no need for have hard cash for every transaction involved in the digital transactions. All the transactions are done only through online payments. It is convenient way to make payments. The objectives of the studies are: To identify the customer preference towards Digital payment and to measure the customer level of satisfaction about Digital payment services. This study is based on both primary data and secondary data which is collected from the consumers to find out awareness and satisfaction about digital payments. There are 100 respondents were taken for this study y using convenience sampling method. This study was conducted only in Pollachi taluk. The following statistical tools were used to analyze the data: Percentage analysis and Fried man rank test. Some of the findings of the studies are: majority 67% of the respondents are female, majority 69% of the respondents age group between 20-35 years, majority 70% of the respondents are unmarried. The consumers are satisfied with the following methods of digital payments. The first rank given to RTGS and followed by Phone pay, Paytm app, NEFT, RTGS, Net banking, Debit card, Digital wallet, Rupay card, Paypal, and Credit card. It is concluded that most of the respondents are having more awareness about digital payments and also satisfied with the online payment. The growth of users of Smartphone and internet penetration in such area also facilitated the adoption of digital payment.

scholarly journals DETERMINATION of FINANCIAL LITERACY LEVEL: A STUDY on HITIT UNIVERSITY FACULTY of ECONOMICS and ADMINISTRATIVE SCIENCES STUDENTS

2021 ◽  
Vol 10 (4) ◽  
pp. 29-41
Author(s):  
Selcuk Kendirli ◽  
◽  
Muhammet Selcuk Kaya ◽  
Aykut Isleyen ◽  
◽  
...  
Keyword(s):  
Financial Markets ◽  
Financial Literacy ◽  
Credit Card ◽  
Internet Banking ◽  
University Faculty ◽  
Price Bubbles ◽  
Significant Relationships ◽  
Literacy Level ◽  
The Difference ◽  
And Gender

Financial literacy is the level of financial knowledge, attitude and behavior that enables individuals to manage their income, expenses and assets in a way that does not cause financial problems both today and in the future. As individuals' financial literacy levels increase, unnecessary consumption and waste of resources will decrease and the efficiency of investments will increase. Increasing the level of financial literacy will ensure a more balanced formation of asset prices in financial markets and prevent the formation of price bubbles in the markets. Today, financial markets around the world are almost integrated, financial transactions have become possible quickly through portable electronic devices. In this environment, the difference in welfare between individuals and societies with financial literacy and individuals and societies without financial literacy has increased more than in any other period in history. This study, it is aimed to measure the financial literacy level of the students of Hitit University Faculty of Economics and Administrative Sciences located in the province of Çorum. The data of the study were obtained from a questionnaire with the participation of 400 students studying in 5 different departments. By using the percentages of the correct answers given to the questions, success scores were created based on departments. With the help of the T-test and ANOVA tests, the relationship between students' financial literacy and whether they use department, gender, class, and credit card was determined. As a result of the study, it was determined that there are significant relationships between the departments and classes in which students study and their financial literacy, and no significant relationships were found between their credit card and internet banking usage and gender and financial literacy.

scholarly journals Pengaruh literasi dan pengalaman keuangan terhadap penggunaan kartu kredit pekerja di Banyuwangi

2019 ◽  
Vol 6 (2) ◽  
Author(s):  
Cintya Restu Destianata ◽  
Lutfi Lutfi
Keyword(s):  
Regression Analysis ◽  
Multiple Regression Analysis ◽  
Financial Literacy ◽  
Credit Card ◽  
Credit Cards ◽  
Snowball Sampling ◽  
Luxury Good ◽  
The Rich ◽  
Credit Card Usage ◽  
The Impact

Nowadays, credit card is not any longer a luxury good because it is not only owned the rich. In addition, to use it wisely, the users should have adequate financial literacy and financial experience. This study aims to examine the impact of financial literacy and financial experience on credit card usage by the workers. The data were collected using a questionnaire. The respondents were taken from 110 workers in Banyuwangi who have got credit cards with them. They were selected based using snowball sampling. The data were analyzed by using Multiple Regression Analysis, this study finds that financial experience positively affects the credit card usage, but financial literacy has no effect on it.

THE IMPACT OF DIGITAL PLATFORMS ON THE TRANSFORMATION OF THE GLOBAL FINANCIAL SYSTEM

2021 ◽  
Vol 2 (11) ◽  
pp. 134-142
Author(s):  
L. Ghanem ◽  
Keyword(s):  
New World ◽  
Financial System ◽  
Digital Platforms ◽  
Economic Relations ◽  
The Subject ◽  
Digital Payments ◽  
The Impact ◽  
Global Financial System ◽  
Infor Mation

The article describes the main trends in the growth and spread of digital platforms and platform-based companies, as well as identifies the reasons and factors for their penetration into the financial sector. The sector of digital payments based on platforms is analyzed. It also emphasizes the impact of the infor-mation system on changing the traditional functions of money and the form of money in the future, as well as on the role of large technology companies and their potential. Analyzing various expectations regarding the development of digital platforms in the world, the essence of the ongoing changes and their various conse-quences for the global financial system, and the central role of Asia in general and China in particular, were identified. The purpose of the study is to study the various impacts of digital platforms on the global financial system, identify problems and propose solutions to overcome them. the object of research is the global finan-cial system. the subject of research is the economic relations between its subjectsThe article proves the rev-olutionary impact of digital platforms on the changes taking place in the system that will shape our new world, and emphasizes the strengthening of cooperation between different sectors in one country or between the state and other countries.

scholarly journals Impact of Digital Payments on Economic Growth: Evidence from India

2019 ◽  
Vol 8 (12) ◽  
pp. 553-557 ◽  
Keyword(s):  
Economic Growth ◽  
Financial Stability ◽  
Developed Countries ◽  
Least Square ◽  
Distributed Lag ◽  
Long Run ◽  
Study Results ◽  
Digital Transactions ◽  
Digital Payments ◽  
The Impact

In recent years, economic transactions are carried out through electronic or online or cashless means all over the world especially in developed countries and developing countries like India. As a result of increased digital means of payment has brought down usage of cash transactions in the economy. Digital transactions have the features of speed, less cost, and comfort. A well functioning digital payment system has much relevance on overall economic activity, monetary policy, and financial stability of a country. This study tries to verify the impact of digital payments on the economic growth of India. The economic growth is measured through a proxy – real Gross Domestic Product. Digital payments are measured using Real Time Gross Settlement (RTGS), Clearing Corporation of India Ltd (CCIL) operated systems, paper clearing, retail electronic clearing, Card payments, and Prepaid Payment Instruments (PPIs). Data for digital payments and real GDP are collected from the year 2011 to 2019. Ordinary Least Square Regression, Auto-Regressive Distributed Lag (ADRL) co-integration approach and ARDL Bounds test are employed for the analysis. The study results reveal that digital payments impact economic growth significantly in the short run. But, digital payments don’t impact economic growth in the long-run.

scholarly journals Impact of E-Commerce Adoption on Farmers’ Participation in the Digital Financial Market: Evidence from Rural China

2021 ◽  
Vol 16 (5) ◽  
pp. 1434-1457
Author(s):  
Lanlan Su ◽  
Yanling Peng ◽  
Rong Kong ◽  
Qiu Chen
Keyword(s):  
Financial Market ◽  
Financial Literacy ◽  
Positive Impact ◽  
Rural China ◽  
Skills Training ◽  
Family Farms ◽  
Wealth Management ◽  
Online Purchases ◽  
Digital Payments ◽  
The Impact

Although the increasing adoption of digital finance in recent years has exerted a wide-ranging influence on farmers’ consumption and production activities, many farmers in China still seriously suffer from digital financial exclusion. Few studies have documented the different impacts of e-commerce adoption characterized by online purchases and sales on farmers’ participation in the digital financial market measured by their engagement in digital payments, digital wealth management, and digital credit in rural China. Using survey data from 832 entrepreneurial households in rural China, we contribute to the literature by confirming that both online purchases and sales have a robust significant and positive impact on farmers’ participation in the digital financial market and that this impact on digital wealth management is successively larger than that on digital payments and digital credit, with the propensity score matching (PSM) method and instrument variable (IV) approach employed. We further discover that the impact of online purchases and sales on farmers’ participation in the digital financial market is significantly mediated by digital financial literacy. Moreover, the impact of online purchases and sales on farmers’ participation in the digital financial market is larger for those with high education levels, pursuing skills training, running new agricultural operation entities (i.e., family farms, professional cooperatives), and engaging in agricultural entrepreneurship. Our findings suggest that more effective measures to enhance adoption rates of online purchases and sales, innovation in rural market-oriented digital financial products and services, systematic training for farmers in e-commerce skills as well as digital financial literacy, and differentiated support measures for different groups of farmers to reduce the gap are urgently needed in China.

Principles for sharing economy formation in the digital society

2020 ◽  
Vol 16 (5) ◽  
pp. 800-821
Author(s):  
E.V. Popov ◽  
K.A. Semyachkov
Keyword(s):  
Network Effects ◽  
Sharing Economy ◽  
Network Effect ◽  
Industrial Society ◽  
Economic Activities ◽  
Digital Platforms ◽  
Digital Society ◽  
Modern Economy ◽  
Characteristic Features ◽  
The Impact

Subject. The article addresses economic relations that are formed in various areas of economic application of digital platforms. The target of the research is the modern economy of digital platforms across different economic activities. Objectives. The aim is to systematize principles for share economy formation in the context of the digital society development. Methods. We employ general scientific methods of research. Results. The study shows that the development of digital platforms is one of the most important trends in the development of the modern economy. We classified certain characteristic features of modern digital platforms, analyzed principles for their creation. The paper emphasizes that the network effects achieved through the use of digital platforms are an important factor in the development of the share economy. The network effect describes the impact of the number of the platform users on the value created for each of them. The paper also considers differences in the organization of traditional economy companies and companies that are based on the digital platform model, reveals specifics of changes in socio-economic systems caused by the development of digital platforms, systematizes principles of the sharing economy formation in the context of the digital society development. Conclusions. The analyzed principles for sharing economy development on the basis of digital platforms can be applied to create models for the purpose of forecasting the transformation of economic activity in the post-industrial society.

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