Transaction Medium Research Articles

New Wave of Digitalization: The Financial Transaction Medium of Foodpreneurs in Perlis

New Wave of Digitalization: The Financial Transaction Medium of Foodpreneurs in Perlis

A Resource-Based Dynamic Pricing and Forced Forwarding Incentive Algorithm in Socially Aware Networking

In socially aware networking, nodes typically behave selfishly due to resource constraints and social correlations, resulting in low network performance. To incentivize selfish nodes to actively participate in message forwarding, this paper proposes a resource-based dynamic pricing and forced forwarding incentive algorithm (DFIA). Firstly, the algorithm introduces virtual currency as a transaction medium and then designs a pricing function based on factors such as the node’s resource status, participation contribution, location relevance, and social connectivity. It ensures that the forwarding service is transacted at a reasonable price through bargaining rules. Secondly, a forced forwarding strategy is implemented to compel selfish nodes, which are unwilling to participate in other nodes’ message forwarding, to forward a certain number of non-local messages. Meanwhile, in order to prevent nodes from discarding messages and to ensure successful forwarding to the destination, specific rules are used to allocate contribution values to nodes that successfully participate in message forwarding. Lastly, to avoid false quotation behavior, blockchain technology is employed. Transaction information is packaged into blocks and added to the blockchain after consensus validation by other nodes in the network, ensuring the transparency and immutability of transaction data. Simulation results indicate that compared with the existing incentive algorithms, this algorithm not only enhances message delivery probability but also effectively reduces average latency.

FACTORS INFLUENCING INTENTION TO ADOPT E-WALLET DURING COVID-19 PANDEMIC

The e-wallet feature allows consumers to make payment by transferring digital money into their virtual wallets for in-application online payments or through Quick Response (QR) codes for physical purchases. This study examines the average usage, transaction size and factors influencing the intention to adopt e-wallet among consumers during the Covid-19 pandemic. A total of 153 responses were collected and analysed using Statistical Package for Social Sciences (SPSS) to determine descriptive statistics and conduct multiple regression analysis to verify that performance expectancy, social influence, facilitating conditions, and perceived security influence the intention to use e-wallets during the Covid-19 pandemic among consumers. Performance expectancy is the strongest factor while effort expectancy is the only factor that has no influence on the intention to use e-wallets during the Covid-19 pandemic. Additionally, this study reveals that due to the current situation, consumers are pushed to adopt e-wallets despite their security concerns, and they are willing to learn to use the platforms without considering the possibilities and risks. However, the usage of e-wallets as a medium of transaction is still low due to the lack of awareness and knowledge. The outcomes of this study to provided practical contributions for policymakers and service providers on the current acceptance of e-wallets in Malaysia and to help the e-wallet industry develop more reasonable business strategies.

Sosialisasi Penggunaan E-Commerce Bukalapak Sebagai Pengembangan UMKM Di Desa Wadungasih

Nowadays, digital technology is in great demand because it offers easy access to a wide range of purposes and activities, including enabling innovation to generate business. The world of marketing will surely be heavily influenced by the advances of technology, the digital world, and the Internet. Marketing-based applications or e-commerce become the medium of sale and purchase transactions only but some have features as a program regulating the financial management of enterprises. Bukapalak can help UMKM perpetrators for media development, financial loyalties and new business opportunities. This dedication focuses on the perpetrators of the UMKM Village of Wadungasih, Kecamtan Buduran, Sidoarjo district. This dedication involves socialization activities with the stages of surveys, observations, and core activities. This dedication finds a lot of UMKM perpetrators who lack understanding of digital technology innovations as the times evolve. The purpose of this dedication is nothing more than a form of effort to develop and evaluate the progress of UMKM in an era of globalization where digital technology or e-commerce is used.

Pembangunan Website E-Commerce dengan Menggunakan Framework Laravel pada Eighter Production

Eighter Production is a home industry that acts as a clothing manufacturer that offers various kinds of clothing products. Eighter Production provides various categories of clothing with various materials and colors. In an effort to further expand its reach in reaching consumers, Eighter Production utilizes internet technology as a medium for information, promotions and transactions.

Kebijakan Perlindungan Data Pribadi Dalam Menanggulangi Kejahatan Lintas Negara di Era Ekonomi Digital

The Digital Economy Era as a driver of economic growth in Indonesia has penetrated almost all aspects of life. The rapid development of the digital economy has the potential to create risks and challenges in the future. The widespread use of digital technology in electronic transactions has made information no longer limited as a medium for transactions and communication, but rather a source of profit in the economy. Personal data information is not always used correctly, and can even be misused by irresponsible parties. Facing this, the importance of protecting personal data in electronic transactions, by strengthening a digital- based security system to mitigate the risk of crime in the digital economy era.

The Influence of Mobile Banking Service Quality and Trust on Customer Satisfaction of Indonesian Sharia Bank (BSI KC Bandar Lampung Diponegoro)

This study aims to determine the effect of mobile banking service quality and trust on customer satisfaction either partially or simultaneously. The data used in this study is primary data obtained directly from the answers of 80 respondents (customers of Bank Syariah Indonesia Kc Bandar Lampung Diponegoro), who downloaded and used the Bsi Mobile Banking application as a transaction medium. The analytical method used is the multiple linear regression analysis method. Based on the results of the study it is known that the variable quality of mobile banking services influences customer satisfaction from the t value greater than t table 7.274 > 1.994. For the calculated t trust variable, it is 3.431 > 1.994. This indicates that the trust variable has a significant influence on customer satisfaction. And on the results of the simultaneous test, the two variables together have a significant influence on customer satisfaction with f count greater than f table of 289.776 > 3.15. In the coefficient of determination test (R2), the variation of the independent variables used in the model can explain 88.3% of the dependent variation. Keywords: service quality, mobile banking, trust, customer satisfaction

MENGANALISIS PENYEBAB KEPUTUSAN PEDAGANG UMKM KOTA SUMBAWA DALAM MENGGUNAKAN QRIS SEBAGAI MEDIA TRANSAKSI KEUANGAN

This study aims to analyze the factors that influence traders' decisions to use QRIS in Sumbawa Regency. This study used an associative method with a quantitative approach. The sample in this study consisted of 100 respondents obtained using the nonprobability sampling method. Data were analyzed using multiple regression analysis, partial hypothesis testing (t test), simultaneous hypothesis testing (F test), and coefficient of determination testing (R2) using the SPSS application. Based on the partial test results, it can be concluded that the Social Influence and Business Expectations variables have a positive and significant effect on the decision to use QRIS as a financial transaction medium, while the hedonistic motivation and habits variables do not have a significant effect on the decision to use QRIS as a financial transaction medium. Meanwhile, the results of simultaneous testing show that together the Social variables, Hedonistic Motivation, Habits and Business Expectations have a significant influence on the decision to use QRIS as a financial transaction medium. The independent variables consisting of the Social Influence, Hedonistic Motivation, Habits, and Business Expectations ariable had an influence on the decision to use QRIS variable was 73%, while the remaining 27% is influenced by other variables not examined in this research.

ANALISIS USER INTERFACE (UI) DAN USER EXPERIENCE (UX) PADA WEBSITE COFFEE SUFI MENGGUNAKAN METODE HEURISTIC EVALUATION

Coffee Sufi is a business that focuses on selling coffee, which already has a website as a medium for transactions and promotions, therefore a website must be able to attract the attention of potential customers. To support website design, it is necessary to have periodic developments. Based on research by distributing questionnaires answered by 60 respondents who were taken randomly, namely: the need for improvements to the ordering page through the website by adding several functions such as choosing payment methods, adding order cancellations, ordering history, besides that some argue that in terms of website appearance it requires updating the user interface both in terms of page content composition, icons on the website, in order to produce a good user experience. There are many ways or methods that can be used to evaluate the usability of the user interface and user experience of the website. One of them is the Heuristic Evaluation method. Heuristic Evaluation method is a method that examines the ease of use (usability) and helps find or identify problems that exist in the interface or user interface of a software (Nielsen, 1994).

The Effect of Electronic Payment Instruments on the Lifestyle of the Millennials in the Jabodetabek

Background: Electronic payment instrument provides easier medium of daily transaction among millennial. The ease of use of electronic payment leads to a need to investigate whether it has an impact on millennial generation lifestyle. Objective: This study aims to analyze the effect of using electronic payment instruments on millennial lifestyles. Method: Survey questionnaires were distribute in this study and resulted in 191 questionnaires to be analyzed using Structural Equation Modelling. Results: The results showed that there are positive and significant effect of convenience on activities, interests, and opinions, usefulness on activities and ideas, and the development of usage attitudes on claims and statements. Meanwhile, efficacy's effect on interest and usage attitude's impact on activities has a positive but not significant effect. Conclusion: Three manifest variables: perceived ease of use, perceived usefulness, and attitude toward using, are factors that affect the use of electronic payment instruments. The electronic payment use was also proves as millennial lifestyle. Further, factors affecting millennial activity of using such payment method are: perceived ease of use and perceived usefulness. While factors affecting millennial interest to use such payment method are attention toward using and perceived ease of use. Factors affecting millennial opinion of using such payment method are perceived ease of use, attention toward using, and perceived ease of use. This research implies that the development of electronic payment instruments should consider and improve the security, backup systems and database recovery to support the activity and interest of using electronic payment instruments. Keywords: electronic payment; lifestyle; millennial; sem; technology acceptance model

Legal Protection of the Parties in Online Electronic Business Transactions

Information and communication technology has developed so widely and has a direct impact on providing convenience for people in Indonesia. One of the impacts felt by the community from technological developments can be seen through the increasing number of economic activities that use the internet as a medium for transactions carried out electronically. E-commerce or what is often referred to as electronic transaction is a trading activity carried out online by business actors and consumers in conducting trading activities. Electronic transactions have both good and bad effects on the parties involved. Both consumers and business owners are entitled to legal protection for their losses. This study aims to examine the legal arrangements in electronic business transactions through e-commerce and disclose legal protection for the parties if there is an act of fraud or violation during an electronic business transaction. The problems raised in this study are how the legal protection for the parties in electronic business transactions and what are the legal problems faced by consumers in conducting electronic business transactions. The writing method in this study uses a normative legal analysis method and uses a legal approach related to the rights of the parties, the obligations of the parties, the prohibitions of business actors and the responsibilities of the parties in conducting online transactions. The results of this study indicate that legal protection for parties in electronic business transactions or e-commerce includes legal protection for consumers in the form of: compensation for losses suffered by consumers as regulated in legislation and legal protection for business owners in the form of money advanced by consumers who have entered online transactions. In terms of civil law, legal protection for the parties includes three main principles in making and implementing an agreement, namely a) the principle of freedom of contract or an open system, b) the principle of consensualism, c) the principle of good faith

Analysis the Effect of Digitalization and Technology on Web-Based Entrepreneurship

The development of technology is currently growing rapidly. Entrepreneurship and many technological advances are possible. The impact of technology on entrepreneurship has enormous advantages. By utilizing the internet network, technology has developed into a medium for business transactions, both products and services. Realize that the role of internet media can be used in the buying and selling process to increase sales turnover, as a way to market products to a wider market, and as a way to reduce operational costs such as store rental costs. This research on the impact of online website media on the buying and selling process is the main goal. in an effort to boost business at small retailers.

PERANCANGAN E-COMMERCE BERBASIS WEB PADA TOKO TAS BRANDES LEATHER MENGGUNAKAN METODE PROTOTYPE

Utilization of the web today can also be used for trading activities such as E-Commerce. E-Commerce is used by traders to facilitate the sale of a product and process transactions. During this pandemic, E-Commerce is very necessary. During this pandemic, people were more interested in shopping online, according to the latest annual report from the solution-commerce startup, Sirclo, entitled "Navigating Indonesia E-Commerce COVID-19 Impact & The Rise of Social Commerce" showing that 12 million new E-Commerce users during the COVID-19 pandemic. This is because the majority of customers are afraid to leave their homes because of the pandemic. One of the shops affected was Brandes Leather, which is an offline-based shop. During this pandemic, the turnover obtained by this shop decreased, because tourists were not allowed to visit Bali. This research aims to help shop sellers design a web-based E-Commerce, which later this web-based E-Commerce will be able to be used as a medium for promotion and transactions between buyers and sellers, not only useful for sellers, buyers will also find it easy to shop from home and get information about the product to be purchased through E-Commerce itself. The result of this study is a web-based e-commerce design at a brandes leather bag shop using the prototype method so that later this shop's product enthusiasts can shop from their homes, and can get information about this shop's products easily.

Perceived Ease of Use’s Effects on Behavioral Intention Mediated by Perceived Usefulness and Trust

Background: It is important for the banking industry to know the Behavioral Intentions of consumers in adopting technology so that they are willing to adopt mobile banking as a medium for transactions in their daily banking activities. Aim: This study intends to explain and analyze the effect of Perceived Ease of Use on Behavioral Intention either directly or indirectly through the mediation of Perceived Usefulness and Trust in mobile banking users. Method: This type of research was explanatory research with a quantitative approach that collects data by distributing questionnaires to 230 respondents. Data analysis using Structural Equation Modeling Partial Least Squares (SEM-PLS). The population in this study was mobile banking users in Indonesia who have never used mobile banking, have used mobile banking 1-2 times and more than 2 times in the last 6 months. Findings: The results of this study suggest that mobile banking providers improve Perceived Ease of Use integrated with Perceived Usefulness and Trust of the provided application in order to establish sustainable or long-term relationships.

Monetary attribute of stablecoins: A theoretical and empirical test

<abstract> <p>With the continuous expansion of their market size and scope of use, the monetary attribute of stablecoins has become a focal point. The identification of the monetary attribute of stablecoins is a prerequisite for their supervision. Based on the essence and macroeconomic effects of money, this paper analyzes the monetary attribute of stablecoins from theoretical and empirical perspectives. We find that in the traditional financial market, stablecoins are not widely accepted, and their increased supply competes with traditional financial assets. As new types of digital assets, they do not possess a monetary attribute. However, in the digital asset market, stablecoins are widely used. The increase in issuance pushes up asset prices and brings liquidity effects to the market. Therefore, stablecoins possess a monetary attribute in the digital asset market and play the role of "digital fiat currency". This private sector liquidity is not controlled by the government and tends to accumulate risk. Therefore, the government should clarify the legal attribute of stablecoins according to their monetary attribute, strengthen the supervision of stablecoin issuers and prevent the private sector from monopolizing the digital asset market transaction medium.</p> </abstract>

Evaluasi Usability pada Aplikasi OVO Menggunakan Metode System Usability Scale (SUS)

In the current era of globalization, information technology is developing very rapidly. On the other hand, during this pandemic due to the impact of COVID-19, Fintech is also widely used, especially the OVO application and plays an important role in reducing the amount of spread of the COVID-19 virus because we don't have direct physical contact. Based on Neurosensum's research, he presented the results of digital research with a special study focusing on the use of e-wallets as a digital transaction medium for 1,000 active e-commerce user respondents of productive age (19-45 years) simultaneously in 8 major cities in Indonesia during November 2020 - January 2021. The results of the research stated that OVO occupies the 2nd place with the highest market penetration and the most promotions, OVO has the lowest rating on the Google Playstore of 4.0. when compared to other fintech applications. Based on data from the Google Playstore, the OVO application has experienced a decrease in rating due to frequent errors, so many users have submitted complaints to reviews on Google Playstore, such as OVO user complaints regarding transaction limits, feature limitations, slow performance of the OVO application. Complaints submitted by OVO users tend to point to the quality of service and systems in the OVO application. Even though the higher the quality of the services provided will significantly affect the level of user satisfaction. In this study, an evaluation was carried out using the SUS method, namely to measure the feasibility level of the application on the user's side so that the application can be useful and can properly address user needs. And based on testing the data that has been processed, the average usability value of the OVO application gets a score of 69.23. This score shows that the OVO application has a usability level already in the OK category where the average usability value of the OVO application is more than equal to 68, which means that it is still generally acceptable but with several improvements such as increasing the use of better features so that it runs smoothly. properly and improve the appearance of the user interface which is easier to understand and use for new users so that it increases good usability in using the OVO application

DETERMINING FACTORS FOR THE SELECTION OF SHARIA BANK

This study examines the determinants of the community selection of Islamic banks. Specifically, this study aims to determine how the influence of Islamic financial literacy and service quality on the selection of Islamic banking is mediated by trust. Islamic banking is increasingly needed as a transaction medium along with an increasing number of Indonesian halal industries. Islamic banking is rapidly growing, but it has a low market share, reaching only 6.59% of Indonesia's population in July 2021. This study uses the SmartPLS 3 tool with the Partial Least Squares (PLS) analysis method. Respondents in this study were 163 respondents, namely customers of Islamic banks from the Pekalongan ex-residency. The results show that Islamic financial literacy does not affect the selection of Islamic banks, which is interesting because it turns out that Islamic financial literacy will affect the selection of Islamic banks if mediated by trust. Service quality has a significant positive effect on the selection of Islamic banks, and service quality affects the selection of Islamic banks mediated by trust. Trust affects the selection of Islamic banks. This research implies that customers need to improve Islamic financial literacy in forming trust in Islamic bank products and services. In addition, the need to improve the quality of service. Building customer trust requires a high sense of awareness and intention.

The Legality of Cryptocurrency Transactions in Indonesia

This study aims to know the cryptocurrency is a digital currency that is used as a medium for transactions or payments between people online (peer to peer). Cryptocurrencyis a virtual currency that is protected with a secret code that is complex enough to protect and maintain the security of the value of the currency. Several types of cryptocurrencies include ethereum, ripple, litecoin, dogecoin, mrai, dashcoin, and so on. Currently, cryptocurrency is an investment instrument that is quite attractive to the public, the popularity of crypto investment itself can be seen from the increasing number of cryptocurrency investors. Therefore,The Commodity Futures Trading Supervisory Agency (CoFTRA) of the Ministry of Trade as a regulator that oversees cryptocurrencies in Indonesia has begun to tighten supervision of crypto asset trading. The research used is normative legal research with a statutory and conceptual approach. The research stages were carried out by analyzing the Commodity Futures Trading Supervisory Agency Regulation Number 7 of 2020 concerning the Determination of the List of Crypto Assets that can be Traded in the Crypto Asset Physical Market (PerCoFTRA Number 7 of 2020), and Act No. 7 of 2011 concerning Currencies, to find out cryptocurrency legality in Indonesia. The protection carried out on crypto assets is by first registering the type of cryptocurrency with CoFTRA to be analyzed and determined to be tradable or not. The determination of tradable crypto assets is carried out through the Analytical Hierarchy Process (AHP) valuation method which has several assessment criteria that must be met, where the conditions for crypto assets that can be traded on the physical asset market must be guided by CoFTRA No. 7 of 2020.

Compiling a Sharia Indicators of Wedding Organiser

The sharia wedding organizer industry is starting to provide an alternative sharia version. However, no specific index can be used as a standard for sharia compliance of a wedding organizer. This study aims to compile a sharia wedding organizing index from the perspective of Maqashid Sharia. The sharia wedding organizer index can then be used as an indicator in viewing the sharia wedding organizer. By using a literature review method, this study will collect literature in the form of postulate and previous studies as a basis for compiling an index. In calculating the weights, this study uses the Simple Additive Weighting approach. The primary basis for compiling the index is the Maqashid Sharia index theory by Al-Ghazali. The findings show that 13 indicators are used as indexes that measure the sharia of the wedding organizer. The indicators are seclusion, tradition, pre-wedding, make-up artist, prayer time, eating etiquette, food, fashion style, contract form, package options, transaction medium, music, and marriage motivations. This study is the first to compile a list of sharia requirements and rules that sharia wedding organizers must meet.

E-commerce Website With Persuasive Elements

Websites are a form of digital media that is favored because it can reach a wide audience, and the number of users of the internet is constantly increasing. In Indonesia, the number of internet users in 2019 had reached 73.7% of the total population of Indonesia, approximately 196.71 million internet users out of a total of 266.91 million Indonesian people. The website is also used as a medium for electronic transactions (e-commerce websites), to carry out various types of business transactions, in the arena of both goods and services. The purpose of this research was to develop an e-commerce website that was designed using page layouts, text elements, graphic elements, and other elements that can increase the persuasive power of the website. The web development life cycle (WDLC) development model was used, which divides the development stages into five steps, namely: (1) planning; (2) analysis; (3) design and development; (4) testing; and (5) implementation and maintenance. An e-commerce website was produced that comes equipped with persuasive elements. The average score from the assessment by material experts and media experts was 4.71 and 4.70, respectively (both from a scale of 1-5), indicating that the e-commerce website is of high quality.
 Keywords: website, e-commerce website, persuasive