Electronic Wallet Payment System in Malaysia

Abstract

AbstractToday’s Internet has dramatically reshaped how people make payments and transfer money. Electronic transactions are playing a vital role now in these days to shop, pay bills and money transfer, and many more. Among the electronic payment system nowadays, E-wallet is one of the most famous payment systems. Many countries have already implemented the use of electronic wallets as part of their daily purchase transaction options for their customers. The goal of the study is to recognize the overview study of E-wallet and the features of theirs and to determine the different level of use and learn the best E-wallet and what the reason for practicing. Specifically, the research investigation focuses on Malaysian public university students. To achieve this, we conducted a survey to collect data from 120 participants from the university campus. Statistics were evaluated by using SPSS software and have been documented in this survey. The results show that, among 120 respondents, received 120 valid responses. Among the 120 valid responses, about 101 (84.2%) of them are using the E-wallet payment system. The following respondents who never use e-wallet payment 19 which achieve a rate of 15.8%. The study also reveals that the new financial service has a huge effect on the use of e-wallet among bachelor students. While analyzing gender well the usage of e-wallet, man has larger satisfaction levels and also requires e-wallet often than female students. In addition, students’ perceptions of their perceived use, practice, and reason had a significant impact on their confidence. For practical involvement, the use of E-wallets by most respondents confirms that there is a great potential for this payment spread in Malaysia.KeywordsElectronic payments systemE-walletBoostM-moneyTouch n goLazadaAEONGrab payVcash, WeChatAlipay