Digital Wallet Ecosystem in Promoting Financial Inclusion

Digital wallet is expanding largely driven by the evolution of internet and smartphone penetration. Numerous digital wallet providers have risen in many countries including Brunei Darussalam. However, the level of adoption is still low, and cashless society is still far from an expected target. There's no magic formula in deploying a guaranteed successful digital wallet, but developing a digital wallet ecosystem that is tailored to the local markets will be expected to increase digital culture and cashless society. The research assesses the existing digital wallet ecosystem, then analyses the extent of compatibility of local market demand. Furthermore, it introduces an improved digital wallet ecosystem model in order to support financial inclusion achieved through a holistic digital wallet ecosystem. The chapter also examines external factors that contribute to the digital wallet ecosystem's width of usage.

Evaluation of one of leading Indonesia’s digital wallet using the unified theory of acceptance and use of technology

The goal of this research is to assess the utilization of one of Indonesia's most popular digital wallets. Respondents in this study range in age from 15 to 44 years old and live on Java Island. The author employs the unified theory of acceptance and utilization of technology (UTAUT) paradigm to assess the use of this digital wallet. This UTAUT model comprises four latent variables that affect behavioral intention (BI) and use behavior (UB): performance expectancy (PE), effort expectancy (EE), social influence (SI), and facilitating conditions (FC). In this study, the UTAUT model is combined with two additional variables: perceived risk (PR) and promotional benefits (PB). According to the findings, performance expectancy, social influence, and perceived risk all have an impact on behavioral intention, whereas effort expectancy has a less impact. Furthermore, the factors facilitating conditions and promotional benefits have a minor impact on use behavior, whereas behavioral intention factors have a considerable impact on use behavior.

STRENGTHENING THE ISLAMIC DIGITAL PAYMENT SYSTEM THROUGH SHARIA ELECTRONIC WALLET (E-WALLET)

The objective of this research is to propose a strategy to strengthen the islamic digital wallet or electronic wallet (e-wallet) in Indonesia to compete with its conventional counterparts. Qualitative research methods with study literature were chosen to explore previous research that had been discussed on e-wallets particularly from the Islamic perspective both at global and national levels through reputable journals, reports, and other supportive documents. The results depicted that the Islamic e-wallet can be optimized through four points, namely promotion, education, collaboration, and trust but remained fulfilling sharia compliance so that the values of Islamic teachings are not vanished. Promotions in the form of cashback can be substituted for points to be converted into donations through the Islamic crowdfunding platform. Education can be improved through social media platforms. The way is by coordinating with Islamic public figures, collaboration with merchants and service providers. Finally increasing trust by safeguarding user data and funds.

E-Wallet: A Study On Contracts Involved Within Its Operational Mechanism

The use of digital wallet or also known as e-wallet is widely spreading across world and specifically among Muslim in Malaysia without people actually knowing and understanding the operational mechanism of an e-wallet. Research has shown that the advancements in term of technology that are brought by e-wallet claimed to give a lot of benefits and advantages towards its users. E-wallet have the ability to make transactions easier, faster and quicker than before. The use of e-wallet also creates improvements in payments, portability, and cashless transaction. This study aims to identify the concept of e-wallet in term of its definition, operational mechanism and the contracts that are involved within e-wallet. The main instrument used for data collection was journals, library research and Internet. The construction of the instrument is the result of modification of the instruments that have been used by previous researchers and researchers’ own design based on the objectives to be achieved. The result shows the right concept of an e-wallet based on its definition as electronic money is a payment instrument that contains monetary value that is paid in advance by the user to the e-money issuer. The user of e-money can make payments for purchases of items and services to vendors who offer the e-money as payment. Besides, writer also finds the contracts involved within an e-wallet namely, wadi’ah contract and qardh contract. The results indicate that e-wallet operational mechanism is not contradict and in accordance to Sharia, hence allowed and permissible. However, further research is needed to identify other factors that could strengthen the effectiveness of this study.

Role of food based apps in india

Getting food through online food apps has gained momentum in recent times. Online tools have shown a new perspective on the food industry. Online allows consumers to choose the food of their choice anytime, anywhere. Facilities like net banking and digital wallet payments, cash on delivery and minimum order value attract the customer well. Distances between City and Village have been reduced due to the widespread use of smart phones. Companies are making their services available online according to the convenience and preference of the customer to keep pace with the changing times. Due to the present Covid-19 pandemic situation, the online food delivery system is gaining momentum. In this research, we will specifically look at the growth and significance of digital apps in food delivery systems operated by food companies in India in specific and some of the approaches they can accept for maintainable business in the coming days and challenges faced by the company.

PENGARUH PERSEPSI KEGUNAAN, PENGARUH SOSIAL DAN KEBIASAAN TERHADAP NIAT BERALIH PADA PENGGUNA DOMPET DIGITAL

As technology evolves, the use of e-wallet is increasing in Indonesia. However, the increasing use of e-wallet indicates uncertain consumer behavior in the choice of e-wallet brands. OVO is the e-wallet with the largest users in Indonesia in 2019. Meanwhile in 2020 the digital wallet with the largest user in Indonesia is ShopeePay. This study aims to analyze the effects of perceived usefulness, social influence, and habit on switching intention OVO users to ShopeePay. This research uses non probability sampling and judgemental sampling with characteristic of respondents were OVO users, are looking for information about ShopeePay with an age range of 20-40 years as many 200 respondents. Data collection was carried out by distributing online questionnaires. Data analysis teqniques using multiple linear regression. The results of this study examined while perceived usefulness, social influence, and habit had significant effects on switching intention