scholarly journals The COVID-19 Pandemic as a Driving Force for E-Wallet Adoption in Indonesia

2021 ◽  
Vol 9 (2) ◽  
pp. 40
Author(s):  
Machmudin Eka Prasetya ◽  
Intan Salwani Mohamed ◽  
Shuhaida Mohamed Shuhidan ◽  
Gede Harja Wasistha
Keyword(s):  
Driving Force ◽  
Payment System ◽  
Mobile Banking ◽  
Payment Systems ◽  
Online Transactions ◽  
Payment Methods

During the COVID-19 pandemic, e-payment systems, also known as cashless payment systems, have steadily evolved as a payment system instrument. Changes in payment methods, followed by a growth in digital payment systems, may be driving people to use e-wallets. The functions of an e-wallet are similar to those of an e-banking or mobile banking account, but an e-wallet gives greater convenience and simplicity of access while making payments. Because the use of e-wallets can help reduce the spread of COVID-19-causing coronaviruses, this study looks into the possibilities of increasing e-wallet usage while also increasing the use of digital payment and online transactions during the COVID-19 outbreak.

scholarly journals The Role of Electronic Payment Methods in Facilitating Money Transactions in Erbil City

2019 ◽  
Vol 3 (1) ◽  
pp. 7-14
Author(s):  
Dina A. AL-Saji
Keyword(s):  
International Markets ◽  
Payment System ◽  
Electronic Payment ◽  
Payment Systems ◽  
Payment Methods ◽  
Good Ability ◽  
Awareness Programs ◽  
Customer Services ◽  
Financial Transactions ◽  
Electronic Payment System

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.

Electronic Payment Systems in Electronic Commerce

2020 ◽  
pp. 114-139
Author(s):  
Rana Atabay Kuscu ◽  
Yasemin Cicekcisoy ◽  
Umit Bozoklu
Keyword(s):  
Electronic Commerce ◽  
Web Sites ◽  
Payment System ◽  
The Internet ◽  
Electronic Payment ◽  
Payment Systems ◽  
Payment Methods ◽  
Digital World ◽  
Technological Advances ◽  
Block Chaining

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.

scholarly journals A Survey on Contactless Smart Cards and Payment System

2020 ◽  
Vol 28 (4) ◽  
pp. 135-159
Author(s):  
Brij B. Gupta ◽  
Shaifali Narayan
Keyword(s):  
Payment System ◽  
Smart Cards ◽  
Future Research ◽  
Payment Systems ◽  
Research Issues ◽  
Security Issues ◽  
Payment Methods ◽  
User Data ◽  
Proper Analysis

In recent years, contactless transactions have risen rapidly. It includes NFC, MST, contactless cards, and many other payment methods. These payment methods have certain security issues, and attackers are in a regular search for the exploits to break its security. These security issues require proper analysis to secure user data from attackers. This article will discuss the contactless smart cards and payment systems in detail including the techniques used for securing user data and different possible attacks on the technology used for communication. The article also presents some countermeasures to prevent the attack and issues with those countermeasures. In addition, the article includes some future research issues and suggestions to overcome the security issues in contactless payment system.

scholarly journals Strategi Branding Jakone Mobile Melalui Sinergi BUMD Taman Jajan Jakone Mobile Thamrin 10

2020 ◽  
Vol 12 (2) ◽  
pp. 176
Author(s):  
Fauzia Fauzia ◽  
Firman Kurniawan Sujono
Keyword(s):  
Payment System ◽  
Capital City ◽  
Primary Data ◽  
Regional Government ◽  
Mobile Banking ◽  
Payment Systems ◽  
The People ◽  
Start Up ◽  
Cash Payment ◽  
Regional Bank

The development of technology made many of the banking industry and companies began to develop cash payment systems using barcodes. Bank DKI as the Regional Government Bank of the Capital City of Jakarta provides JakOne Mobile products as a mobile banking and mobile wallet application. The feature of this application is the payment system via barcode scan. The intense competition in DKI Jakarta makes Bank DKI must find ways to compare its products, one of which is the acquisition of a payment system in Thamrin 10. Thamrin 10 is a culinary district, Thamrin 10 which is opened in accordance with the designation made by the Synergy of DKI Jakarta BUMD. The researcher wants to know the Branding efforts undertaken by the DKI Bank through Thamrin 10 whether with the synergy of BUMD increases the level of Jakarta people's knowledge of JakOne Mobile and increases the use of the application. This study uses descriptive qualitative research methods with case studies of JakOne Mobile users. The data collection techniques using interviews, observation and data obtained from the news. The results of interviews and primary data obtained did indeed increase active users in December 2019 and with the presence of Thamrin 10 is an opportunity for Bank DKI to introduce products so that the people of Jakarta become more familiar with Bank DKI products. By involving DKI Bank in the cashless payment system in Thamrin 10, change the picture of the Regional Bank which is often considered to be canceled in terms of technology. Berkembangnya teknologi membuat banyak dari industri perbankan dan perusahaan start-up untuk mengembangkan sistem pembayaran cashless menggunakan barcode. Bank DKI sebagai Bank Pemerintah daerah milik Ibu Kota Jakarta memberikan produk JakOne Mobile sebagai aplikasi mobile banking dan mobile wallet. Fitur dari aplikasi tersebut merupakan sitem pebayaran melalui scan barcode.  Ketatnya persaingan khususnya di DKI Jakarta membuat Bank DKI harus mencari cara untuk memBranding produknya, salah satunya adalah mengakusisi sistem pembayaran di Thamrin 10. Thamrin 10 merupakan distrik kuliner, Thamrin 10 dibuka atas dasar perwujudan Sinergi BUMD DKI Jakarta. Peneliti ingin mengetahui usaha Branding yang dilakukan oleh Bank DKI melalui Thamrin 10 apakah dengan adanya sinergi BUMD membut peningkatan dalam segi produk knowledge masyarakat Jakarta terhadap JakOne Mobile dan peningkatan penggunaan aplikasi tersebut. Penelitian ini menggunakan metode penelitian kualitatif deskriptif dengan pendekatan studi kasus pengguna JakOne Mobile. Adapun teknik pengumpulan data menggunakan wawancara, observasi dan data-data yang didapat dari pemberitaan. Dari hasil wawancara dan dara primer yang didapat memang adanya peningkatan pengguna aktif pada bulan Desember 2019 serta dengan adanya Thamrin 10 merupakan kesempatan Bank DKI untuk memperkenalkan produk sehingga masyarakat Jakarta menjadi lebih paham atas produk Bank DKI. Dengan terlibatnya Bank DKI dalam sistem pembayaran cashless di Thamrin 10 maka merubah image dari Bank Daerah yang sering dianggap terlambat dalam hal teknologi.

Mobile Banking and Payment System

2018 ◽  
pp. 66-82
Author(s):  
Aijaz A. Shaikh ◽  
Payam Hanafizadeh ◽  
Heikki Karjaluoto
Keyword(s):  
Financial Services ◽  
Banking System ◽  
Value Added ◽  
Payment System ◽  
Future Research ◽  
Mobile Banking ◽  
Microfinance Institutions ◽  
Payment Systems ◽  
Services Sector ◽  
Future Research Directions

This study conceptualizes and proposes a well-regulated and designated mobile banking and payment system (MBPS) with the potential to strengthen the banking system, foster the regulatory framework, and to be integrated across various platforms and mobile devices. Unlike other mobile payment systems that lack convenience, scalability, and usability, the proposed MBPS contains several important functionalities and it has the potential to bring together hitherto unconnected industries—banking, Fintech and telecoms—to offer value-added services to their existing and potential customers. The ownership of the MBPS shall remain with the financial services sector including the banking and microfinance institutions. The paper concludes with a discussion on the implications and limitations of the study and proposes future research directions.

Electronic Payment Systems in Electronic Commerce

2021 ◽  
pp. 82-108
Author(s):  
Rana Atabay Kuscu ◽  
Yasemin Cicekcisoy ◽  
Umit Bozoklu
Keyword(s):  
Electronic Commerce ◽  
Web Sites ◽  
Payment System ◽  
The Internet ◽  
Electronic Payment ◽  
Payment Systems ◽  
Payment Methods ◽  
Digital World ◽  
Technological Advances ◽  
Block Chaining

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.

AWARENESS OF CRYPTOCURRENCIES AMONG CONSTRUCTION PROFESSIONALS

2021 ◽  
Vol 8 (1) ◽  
Author(s):  
Mehmet İlker Genç ◽  
Aslı Pelin Gürgün
Keyword(s):  
Construction Industry ◽  
Firm Size ◽  
Construction Projects ◽  
Payment System ◽  
Payment Systems ◽  
Construction Companies ◽  
Payment Methods ◽  
Technological Developments ◽  
Natural Result ◽  
Day By Day

Recent technological developments are gradually causing changes and transformations in the existing global money and payment systems. The worldwide interest in electronically created cryptocurrencies as an alternative payment system is growing day by day. As a natural result of this interest, the payment system has been receiving attention with the potential to integrate into project processes as an alternative to traditional payment methods. The construction industry is one of the sectors, where cryptocurrencies could be integrated into several processes including money transactions. In this study, the awareness of cryptocurrencies among construction professionals and the possibility of their use in the future projects are investigated. For this purpose, a survey was prepared and administered to 284 professionals working in construction companies in Turkey. The collected results showed that the awareness of cryptocurrency among construction professionals changed based on firm size by revenue and having international or national operations. In general, it could be stated that cryptocurrencies would be considered as an alternative payment tool in the construction projects as the awareness increases.

scholarly journals Mobile Banking and Payment System

2017 ◽  
Vol 13 (2) ◽  
pp. 14-27 ◽  
Author(s):  
Aijaz A. Shaikh ◽  
Payam Hanafizadeh ◽  
Heikki Karjaluoto
Keyword(s):  
Financial Services ◽  
Banking System ◽  
Value Added ◽  
Payment System ◽  
Future Research ◽  
Mobile Banking ◽  
Microfinance Institutions ◽  
Payment Systems ◽  
Services Sector ◽  
Future Research Directions

This study conceptualizes and proposes a well-regulated and designated mobile banking and payment system (MBPS) with the potential to strengthen the banking system, foster the regulatory framework, and to be integrated across various platforms and mobile devices. Unlike other mobile payment systems that lack convenience, scalability, and usability, the proposed MBPS contains several important functionalities and it has the potential to bring together hitherto unconnected industries—banking, Fintech and telecoms—to offer value-added services to their existing and potential customers. The ownership of the MBPS shall remain with the financial services sector including the banking and microfinance institutions. The paper concludes with a discussion on the implications and limitations of the study and proposes future research directions.

scholarly journals Online Payment Using Blockchain

2020 ◽  
Vol 32 ◽  
pp. 03007
Author(s):  
Karthikeya Thanapal ◽  
Dhiraj Mehta ◽  
Karthik Mudaliar ◽  
Bushra Shaikh
Keyword(s):  
Financial Institution ◽  
Digital Signatures ◽  
Payment System ◽  
Third Party ◽  
Payment Systems ◽  
Online Transactions ◽  
System A ◽  
Online Payment ◽  
A Current ◽  
Payment Gateway

Increasing list of records is with blockchain where each record is linked with the help of cryptography. Every block in the chain contains timestamp, transaction details and hash of a previous block, hash is cryptographic hash. This is a secured system, which we plan to replace the current online payment system. A current online payment gateway is prone to hackers where the attacker can tamper into the network, thus creating money loss. And not only this but also the transaction has to go through multiple payment systems which consumes time, also creating a risk of transaction getting failed. So, our system would be using blockchain that allows online transactions which would allow online payments to be sent directly from one party to another without going through a financial institution and in a secured way. This system allows online transactions between two parties based on cryptographic proof without relying and trusting for a third party. To record transactions, we use proof of work algorithm which makes computationally impractical for an attacker to change. Digital signatures provide part of the solution for ensuring the security and integrity of the data that is recorded onto a blockchain.

scholarly journals PENGEMBANGAN SISTEM PEMBAYARAN UNTUK DESA WISATA TRI EKA BUANA DENGAN ONLINE PAYMENT

Dharma LPPM ◽  
2021 ◽  
Vol 2 (1) ◽  
Author(s):  
I G P Fajar Pranadi Sudhana ◽  
I Gde Agus Jaya Sadguna ◽  
I Gede Nyoman Suta Waisnawa ◽  
Ayu Dwi Yulianthi ◽  
A A Ayu Ngurah Harmini
Keyword(s):  
Spatial Planning ◽  
Payment System ◽  
Digital Marketing ◽  
First Year ◽  
Master Plan ◽  
Supervision System ◽  
Online Transactions ◽  
Payment Methods ◽  
Online Payment ◽  
Payment Gateway

Since 2019, Tri Eka Buana Village, located in Sidemen sub-district, Karangasem Bali Regency, through the Bali State Polytechnic service team has received a PPDM grant to form a tourism village with natural potential and a producer of traditional Balinese arak drinks. Various kinds of activities from the solutions offered have been implemented in the first year of 2019. including compiling a master plan for developing a tourism village, formulating a village cleanliness supervision system, carrying out socialization of tourism village spatial planning, socialization and tourism outreach, and compiling a tourism village marketing program through digital marketing . One of the activities that has been carried out is the development of the Tri Eka Buana Tourism Village website. Online transactions are increasingly in demand, even have become a trend among the wider community. Besides, it can be done anytime and anywhere without any time or distance restrictions. E-payment offers various kinds of convenience and practicality in making payments. Various kinds of payment methods can be integrated into the system making it easier for customers to make payments according to orders made. The tourism village of Tri Eka Buana Sidemen Karangasem Bali, can take advantage of this online payment system to help tourism village operations in the future. The development of this online payment system can be developed by building a tourism village website, adding ecommerce facilities to the website that has been built, registering and activating one of the payment gateway services, and integrating the Tri Eka Buana tourism village website with a payment gateway service.

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