Development Of Electronic Money Research Articles

Influence of E-Service Quality on Continuance Intention with Customer Satisfaction as an Intervening Variable on LinkAja Application Users in Bandung City

The development of electronic money in Indonesia has made many people start to switch to digital payment modes as an easy solution for conducting various non-cash transactions. The city of Bandung, one of the most densely populated cities in Indonesia, is the city with the most digital payment users. One of the digital payment applications used is LinkAja. This research was conducted to determine the factors that influence the intention to continue the use of the LinkAja application in the city of Bandung. These factors include e-service quality, customer satisfaction, perceived trust, perceived risk. convenience, social value, attitude, and effort expectancy. This study used a quantitative method through data collection by distributing questionnaires online to people who live in the city of Bandung as many as 260 respondents. Data analysis techniques using Structural Equation Modeling (SEM), that is Partial Least Square (PLS) with SmartPLS v.3.2.9 software. Based on the analysis that has been done, the findings in this study indicate that perceived trust, convenience, and social value have a significant positive effect on customer satisfaction. Then, customer satisfaction has a significant positive effect on attitude. Besides that, e-service quality significant positive effect on perceived trust, customer satisfaction, continuance intention, attitude, and effort expectancy LinkAja application users in the city of Bandung. Meanwhile, Attitude also has a significant positive effect on continuance intention, the perceived risk has no significant negative effect on continuance intention. However, effort expectancy has no significant positive effect on continuance intention directly to LinkAja application users in the city of Bandung. This study recommends that LinkAja application service providers must maintain its service quality and create competitive advantages in service quality, so that the number of customer satisfaction and continuance intention to continue the use of the LinkAja application in the city of Bandung increase.

Legalizaciya prestupnyh dohodov s ispol'zovaniem kriptovalyuty: istoricheskie predposylki i sovremennye realii

In its modern form, electronic money is divided into two main categories: card-type electronic money and software-type electronic money. Electronic money originated and from the beginning became widespread as card-type money. The term “electronic money” itself referred to the amounts that were displayed on the chips of cards of traditional payment systems. The sequence of stages of the development of electronic money begins its development with records in the computer memory of banks, which were reprinted from paper media. In the last century, digital money and electronic wallets emerged with the help of electronic pulses, which were endowed with the right of a means of payment.

PREVENTION OF CRIMES COMMITTED IN THE DIGITAL URRENCY (CRYPTOCURRENCY) TURNOVER

In modern Russia, thanks to the development of digital technologies, the usual image of economic relations is radically changing. The list of possibilities of their application in the modern world is rapidly expanding. The construction of a digital economy system as the most optimal environment for the application of these technologies is the logical outcome of digital transformation. Against this background, virtual economic relations, electronic payment services, virtual crypto exchanges, crowdfunding are actively developing, which contributes to the development of electronic money and digital currencies. These processes have increased the number of criminal manifestations, crime has been modernized, new types of crime have appeared, as well as new objects, methods and means of committing crimes. The results of the author’s comprehensive crime study indicate an increase in crimes committed using digital currency (cryptocurrency) [1, p. 89; 2, p. 287]. In this connection, consideration of the problems of its conceptual apparatus, legal regulation, study of the issues of legalization of this digital asset, criminal activities with its use may be now necessary to ensure criminological security, since national authorities do not control digital currency (cryptocurrency); it can compete with national fiat currencies and lead to their weakening. At the same time, the development of the digital currency (cryptocurrency) market and the growth of transactions is increasing daily. Sometimes they are used for criminal purposes. However, the insufficiency of its regulation is not conducive to the prevention of crimes in which it is the means of commission and the object of criminal activity. The purpose of the article is to develop scientifically sound proposals for improving criminal legislation and preventing crimes committed both in relation to digital currency (cryptocurrency) and with their use. Methods. In the course of the study, general scientific methods of cognition are used, as well as special scientific methods (system-structural, formal-logical extrapolations, prognostic, documentary analysis, statistical, interviewing, etc.). The results of the study show a high level of acts committed both in relation to the digital currency and with its use. Such crimes are characterized by a high degree of public danger, determined by the damage caused to the individual, society and the state, as well as the commission of acts by representatives of transnational organized crime, characteristics of the object and means of committing such crimes, social consequences, and a high level of latency. The relevance and expediency of criminalization of these crimes is proved, as evidenced by crime statistics, materials of judicial practice, the nature and degree of their public danger, and the possibility of influencing them by legal means. Proposals have been prepared and presented to improve criminal legislation in the field of preventing crimes committed using digital currency (cryptocurrency).

Development of electronic money in the banking system of the Russian Federation

Development of electronic money in the banking system of the Russian Federation

The General Financial Education in China: Evidence From Ratio of Undergraduate Financial Education Majors in Universities

Since the development of electronic money, the complex financial situation has raised the importance of financial education. This study focuses on universities' undergraduate financial field education coverage, which helps estimate citizens' overall financial knowledge situation for most undergraduate universities, focusing on learning the general field knowledge that is similar to primary financial thought. The study shows a low concentration of financial education majors among universities; even though the available number of majors in all universities is low, the coverage rate of financial education majors towards universities is higher than initially thought. The results point out specific majors that are worth investing in accumulating financial education in China.

Analysis of Factors Influencing Consumers in Using the E-Wallet Application

The development of electronic money in Indonesia is quite rapid, this is proven to increase the volume of electronic money transactions in 2020 estimated to reach 3.7 billion with the number of electronic money in circulation of 51 electronic money. This research uses TAM which is a model that identifies the acceptance and use of technology for consumers, in this case the e-wallet application. The variables in this study include perceived ease of use, perceived usefulness, advertisements, cashback promos, product innovation and intention to use. This research aims to: 1) analyze demographics, perceived ease of use, perceived usefulness, advertisements, cashback promos, product innovation and the intention to use the e-wallet application services;2) analyze the factors affecting consumers in using the e-wallet application; 3) formulate managerial implications that can be implemented by service providers to increase the use of e-walletapplications. The study was conducted from August 2020 to March 2021. The number of samples used in this study was 407 respondents. Data analysis used descriptive statistics and SEM (Structural Equation Model) with SmartPLS software. The results showed that creating user friendly features to attract new users and retain old users; maintaining the quality of transaction services in terms of speed, convenience and practicality; improving service access when topping up and transferring balances to other users; service providers need to educate and socialize about e-wallets by utilizing cashback promos; improve security systems to safeguard users' personal data; there is a need for a legal protection for application users; and increasing the number of merchants on e-wallet applications. Keywords: intention to use, behavioral intention, e-wallet, TAM, payment method.

Трансформація фінансових послуг під впливом глобальної діджиталізації

The article analyzes the changes taking place in services under the influence of global digitalization, provides a theoretical background for the research topic, within which approaches to the definition of the term financial service are analyzed, as well as the prerequisites for the transition from traditional to digital services. The main successive historical events associated with the development of electronic money, which formulated the stages of transformation of services, are considered. The features of the development of national digital currencies are revealed on the example of the Bahamas and the People's Republic of China. The state of development of digital services in the form of installing applications for mobile devices in the regions of the world is analyzed. The features of the regional demand for digital services by categories of users have been investigated. The main drivers of the development of digital services for infrastructure and the essence of the risks of digital services are considered.

ANALYSIS OF FACTOR AFFECTING THE INTEREST OF USING ELECTRONIC MONEY WITH TAM METHOD

The development of electronic money is currently growing very rapidly. This is marked by the rise of merchants who provide promos and ease of use of electronic money. To find out the perception of public interest in the use of electronic money, further research is needed using the Technology Acceptance Model (TAM) Method. TAM is a technology acceptance model that can be used to determine a person's perceptions of attitudes and behavior when using certain technologies. The results showed that the use of electronic money can be accepted by the public as a legal means of payment. There is a positive and significant effect of Perceived Usefulness on Attitude Towards Using, There is a positive and significant influence of Perceived Usefulness on Intention to Use, There is a positive and significant influence on Attitude Towards Using on Intention to Use and There is a positive and significant influence on Intention to Use on Actual Usage.

LinkAja Business Models Strategy Development Using BMC Approaches

In the first quarter of 2019, there was an increase in the value and the volume transaction on electronic money transactions in Indonesia. The development of electronic money is directly proportional to the high competition of companies engaged in the field of mobile payment. LinkAja is a mobile payment application product that is representative of collaboration between Telkomsel and the number of State-Owned Enterprises (SOEs). One of the keys to success in facing competition is to develop continuously. Therefore, it is necessary to develop the right business model to determine the optimal strategy in developing the LinkAja application business. The objectives of this research are formulating and developing LinkAja business models strategy. This result of this study proposed business model in the form of improvement for each element of its business model including: elements (1) Customer segments: Adding target customers to e-marketplaces and e-commerce, (2) Customer relationships: Developing cooperation with LinkAja competitors, (3) Value Proposition: Developing customer consulting services by providing training for using the LinkAja application, (4) Key Activities: Developing collaboration with partners and competitors, (5) Key Partners: Collaborating with the competitors such as Gopay, OVO, FUND, etc., (6) Key Resources: Using digital budget information systems to facilitate transparency of company budgets, (7) Revenue streams: Upgrading fees for premium services, and (8) Cost Structure: Research costs.

FACTORS AFFECTING THE ADOPTION OF ELECTRONIC MONEY USING TECHNOLOGY ACCEPTANCE MODEL AND THEORY OF PLANNED BEHAVIOR

With the rapid growth of information technology, electronic money has played an important and central role in the e-payment. Development of electronic money is able to create a trend less-cash society, which is a society’s behavior using non- cash transactions by utilizing the simplicity offered through electronic transactions. The purpose of this research is to determine the factors affecting the intention to use electronic money. We designed a questionnaire and used it to survey a simple random sampling of people who use of e-money in DKI Jakarta. The actual samples used for the study are 125 respondents. We analyzed the data using Structured Equation Modeling to evaluate the strength of the hypothesized effects. The result of the analysis showed that perceived ease of use has no significant effect on attitudes towards the use of e-money. Perceived ease of use has a significant effect on the perceived usefulness of e-money. Perceived usefulness has no significant effect on the intention to use e-money. Perceived usefulness has a significant effect on attitudes towards the use of e-money. Attitude has a significant effect on the intention to use e-money. Subjective norm has a significant effect on the intention to use e-money. Perceived behavioral control has no significant effect on the intention to use e-money.

FACTORS AFFECTING THE ADOPTION OF ELECTRONIC MONEY USING TECHNOLOGY ACCEPTANCE MODEL AND THEORY OF PLANNED BEHAVIOR

With the rapid growth of information technology, electronic money has played an important and central role in the e-payment. Development of electronic money is able to create a trend less-cash society, which is a society’s behavior using non- cash transactions by utilizing the simplicity offered through electronic transactions. The purpose of this research is to determine the factors affecting the intention to use electronic money. We designed a questionnaire and used it to survey a simple random sampling of people who use of e-money in DKI Jakarta. The actual samples used for the study are 125 respondents. We analyzed the data using Structured Equation Modeling to evaluate the strength of the hypothesized effects. The result of the analysis showed that perceived ease of use has no significant effect on attitudes towards the use of e-money. Perceived ease of use has a significant effect on the perceived usefulness of e-money. Perceived usefulness has no significant effect on the intention to use e-money. Perceived usefulness has a significant effect on attitudes towards the use of e-money. Attitude has a significant effect on the intention to use e-money. Subjective norm has a significant effect on the intention to use e-money. Perceived behavioral control has no significant effect on the intention to use e-money. Keywords: electronic money, technology acceptance model, the theory of planned behavior.

DEVELOPMENT AND DEVELOPMENT OF ELECTRONIC MONEY AS A SEPARATE MACROECONOMIC PROCESS

With the advent of faster and more reliable systems for the storage and processing of information, accountancy in banks began to be carried out exclusively in the digital-digital environment, prompting developers of hardware and software to improve its means of conducting. On the other hand, the existing power of information systems allows you to store and transfer the most valuable banking information with reliable channels, which leads to the development of payment facilities, expanding the opportunities for customers and increasing the competitiveness of banks themselves. One of such improvements was the invention of electronic money, which was preceded by a series of events that are inextricably linked with advances in the scientific and technical field, the development of international relations and access to information, the desire of society to simplify the relationship, and business – to increase the wealth. The purpose and objectives of the study are to determine the globalization preconditions for the emergence and development of electronic money. Methods used in the article: theoretical analysis and synthesis of the test material, social and qualitative research methods, analytical- statistical method. With the involvement of countries in the comprehensive financial globalization and their integration into a continental, regional or international currency union, they lose to some degree their socio-cultural and national identity. To mitigate the negative impact of these processes on these aspects, electronic money can also act as a custodian of statehood, since they are less influenced by globalization processes due to their little interest from investors, large capital market players, etc. The study of this article in the study of the impact of globalization on the financial sphere of social relations is to identify the preconditions for the emergence and development of electronic money in a definite subject plane. The paper analyzes the impact of globalization on the emergence and development of electronic money. The factors influencing their popularization and development are highlighted, including, in particular, socio-economic, technological, political, environmental impacts.

Electronic money in russia: current state and problems of development

Article is devoted to urgent problems of non-cash methods of calculation development by using electronic money – as one of the modern economically developed state strategic tasks. On modern economic science strong influence appears informatization process. The control expansion tendency, influence and distribution of commerce due to informatization of society led to emergence of the new phenomenon – information economy. Information economy brought new economic events which owing to their novelty are insufficiently studied to life. It is possible to carry electronic money to such phenomena of modern network economy Relevance and, in our opinion, timeliness of this scientific work, consisting in novelty of this non-cash payment method, its prospects and innovation within non-cash methods of calculations. Authors set as the purpose – studying of problems and the prospects of development of electronic money in the Russian Federation. In article theoretical bases of electronic money functioning are described. Determinations and classifications dismissed non-cash a method, and also the principles of electronic money functioning are considered, the questions of their historical development are raised. Authors analyzed statistical data on development of electronic services and channels of their using. Features, benefits and shortcomings of the current state of the market of electronic money are studied. The emphasis on that fact that in modern conditions considerable number of economic actors perform the activities, both in the real environment of economy, and within the virtual environment that promotes expansion of methods of their customer interaction by means of technical devices of personal computers, mobile phones is placed. In article common problems and tendencies of payments with using an electronic money are designated, the research on assessment of the current state and the prospects of electronic money development and services which allowed to confirm analytical calculations of the marketing agencies on this perspective is conducted. The carried-out author’s interviewing allowed to draw conclusions on different degree of popularity about electronic money, most of respondents gives preference to other methods of cashless payment, namely cards and terminals/ATMs. Most of respondents plan to use further electronic money; negative experience has only 2% of respondents. The practical importance of the conducted research consists in identification the future of electronic money in the Russian Federation. The Russian scientists concerning functioning of electronic money, and also the federal law, and data of the official sites of the organizations specializing in subject domain formed a theoretical and information basis of a research. In this article were used and general scientific methods of data collection, methods of a research and a technique of assessment of their reliability and sufficiency found the application: quantitative, comparative, logical analysis and synthesis.

The Regulation of electronic money institutions in the SADC region: Some lessons from the EU

This article analyses the different approaches adopted for the regulation of payment systems in a variety of legislative instruments by the European Union (EU). It looks in particular at how the institutions that issue new electronic money products are regulated and supervised by the relevant authorities in the EU, in comparison with existing institutions such as banks. It analyses some of the lessons that may be learned by the South African Development Corporation (SADC) from the regulatory approaches for electronic money institutions adopted by the EU. The article asks if the approach adopted by the EU may be useful for the future regulation of electronic money institutions in the SADC. The proliferation of electronic devices that arrived with the invention of the Internet has sparked some regulatory challenges. This development has become global and involves both developed and developing countries, including regions such as the SADC. It is asked if these technological developments should be addressed by means of a concrete regulatory framework while they continue to develop, instead of the regulators waiting to observe and acquaint themselves with the relevant regulatory challenges that underpin the innovations. The EU has attempted to address the anticipated regulatory challenges that came about with the development of electronic money and to align its regulatory approach with other payment systems. This article discusses the regulatory approaches adopted in the EU and provides an overview that the SADC may use in order to adopt an effective regulatory framework for electronic money and the institutions that issue these methods of payment. It analyses both the achievements and the challenges that the EU faced (and continues to face) in developing the regulation of e-money, and recommends some possible approaches derived from the lessons learned.

Development of Electronic Money and Its Impact on the Central Bank Role and Monetary Policy

An international association advancing the multidisciplinary study of informing systems. Founded in 1998, the Informing Science Institute (ISI) is a global community of academics shaping the future of informing science.

Having the Wrong Kind of Money. a Qualitative Analysis of New Forms of Financial, Social and Moral Exclusion in Consumerist Scandinavia

Consumerism not only promotes discourses emphasizing individualized consumer choices, but it also introduces new electronic, invisible and symbolic forms of money. The present article analyses social exclusion in contemporary Scandinavian society by focusing on patterns of consumption and the social meaning of money in low-income households in Denmark and Sweden. Drawing on recent sociological theory on money and budgeting ( Pahl, 1999 , 2002 ; Singh, 1997 , 1999 ; Zelizer, 1997 , 2005 ) and recent critiques of consumption studies (Edgell, Hetherington and Warde 1996; Gronow and Warde, 2001; Lodziak, 2002 ), it argues that experiences of social and financial exclusion in consumerist society must be related to the amount of money available within the household, the social position that the household occupies, and the social form that this money takes. Pahl (1999) shows that the development of electronic money seems to alter and further constrain access to consumption for the ‘credit poor’ and ‘information poor’. To this ‘technological filter’, a ‘social filter’ may be added, as the results suggest that consumption patterns and the social meaning of money in low-income families are largely incompatible with prevailing neo-liberalist ideas of money and consumption in contemporary society.