A Security Assessment of HCE-NFC Enabled E-Wallet Banking Android Apps

Kaur, Ratinder; Li, Yan; Iqbal, Junaid; Gonzalez, Hugo; Stakhanova, Natalia

doi:10.1109/compsac.2018.10282

Cited by 25 publications

(14 citation statements)

References 5 publications

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“…Lack of security and privacy is one of the issues that keep customers away from purchasing goods unless it is protected (Milberg, Smith & Bruke, 2000). However, payment through e-wallet without security feature may lead an unauthorized access of personal information and a lucrative opportunity for cybercriminals to breach the data (Kaur et al, 2018).…”

Section: Privacy and Securitymentioning

confidence: 99%

Factors Influencing the Use of E-wallet as a Payment Method among Malaysian Young Adults

2020

JIBM

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In recent years, there is a noticeable increase of cashless transactions due to the development of financial technology. As a result of being expansion of fintech products such as e-wallet, consumers are shifting from cash-based to cashless. Young adult consumers in 21st century are regarded as tech-savvy as they were born in the era of smartphone technology. This study aims to examine the influencing factors for Malaysian young adults to use e-wallet as a payment method by applying extended technology acceptance model (TAM). Total of 330 data were collected from the users of e-wallet in the area of Klang Valley of Malaysia and analyzed by deploying partial least squares structural equation modeling (PLS-SEM). By applying two-step approach for instance, measurement model for indicator loadings, convergent validity, reliability and structural model for path analysis the findings from this study reveal that perceived usefulness, perceived ease of use and privacy and security have positive and significant relationship with behavioral intention to use e-wallet. This study helps the service providers of the digital marketplace further to have better understanding of the usefulness of using e-wallet for transaction purposes.

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Section: Privacy and Securitymentioning

confidence: 99%

Factors Influencing the Use of E-wallet as a Payment Method among Malaysian Young Adults

2020

JIBM

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“…Payment via an e-wallet lacking security mechanisms, on the contrary, could lead to unauthorized access to private information and a lucrative opportunity for cyberattackers to breach the data (Kaur, Li, Iqbal, Gonzalez & Stakhanova, 2018). Consumers can sometimes lose confidence in the information system provider and will be reluctant to undertake any e-payment transactions except if privacy and security features have been included (Gitau & Nzuki 2014).…”

Section: Privacy and Securitymentioning

confidence: 99%

Factors influence on usage of e-wallets among millennials in the Sri Lankan context

Harishanthan

Neruja

2023

AJMM

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Purpose: Developments in financial technologies, new government efforts, and the worldwide unusual situation, it has resulted in a considerable increase in cashless transactions in recent years. The current empirical study sought to investigate the factors influencing behavioural intention of e-wallet usage. Design/methodology/approach: The study's population comprised Millennials in Sri Lanka, and the convenience sample method has been employed. The current study employs a quantitative technique to collect the relevant data in the form of an online survey. There were 600 questionnaires distributed in total among the target population using a Google Form. Out of the total respondents, 558 with a response rate of 93%, 398 used e-wallets, and 162 were non-users. Data collected were analyzed using descriptive, correlation, and regression models. Findings: According to the findings of the survey, the most compelling reason for using e-wallets is their Perceived Usefulness. It explored that there are significant strong relationships between the Perceived usefulness of e-wallet, Perceived ease of use, Privacy, and security of e-wallet study variables. Furthermore, the survey emphasized that the Behavior Intention to Use E-Wallets is the most important aspect that Millennials perceive when it comes to e-wallet usage. Originality: This is one of the first studies in e-wallet literature, that explores the pivotal role of privacy and security in the usage of e-wallet services in the context of Sri Lanka where most studies considered the TAM model merely. In reality, this research will be useful to e-wallet providers who want to learn more about why consumers use e-wallets both during and following the COVID-19 epidemic. As a result, they're devising strategies to assist themselves to achieve their goal of replacing traditional methods of payment with e-wallets. Implications: This study's findings have several ramifications for the advancement and improvement of e-wallet services in Sri Lanka. Based on its results, this study presents a few recommendations for the upcoming expansion of e-wallet service providers. Keywords: Perceived usefulness of e-wallet, Perceived ease of use, Privacy and, security of e-wallet, Behavioural intention to use an e-wallet, e-wallet usage

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“…Milberg et al (2000) indicated that deficiency of security and privacy is an issue that keeps consumers from buying products unless they are protected. Kaur et al, (2018) said, making payments via e-wallet without ensuring security can lead to unauthorized access to personal information and a lucrative opportunity for cyber criminals to infringe data. Therefore, many consumers still believe that online payment channels are unsafe for transactions and can be blocked.…”

Section: Privacy and Security (Prs)mentioning

confidence: 99%

Does the trust issue impact the intention to use e-wallet technology among students?

Hossain

Akter

Adnan

2022

JEB

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The current research goal is to examine the impact of trust on the intention to use e-wallet services. Using the technology acceptance model (TAM) the study investigated four variables which were privacy and security, perceived ease of use, perceived usefulness, and trust for intention to use e-wallets. The study employed the quantitative research design with non-probability sampling using the purposive sampling method for data collection purposes. Through the Google survey form data were collected from the University of Malaya undergraduate students (N=150). The study applied the partial least square (PLS) tool using SmartPLS 3.0 to analyze the data. The outcome of the research found that all four variables had a positive significant connection to the intention to use e-wallet services. The results indicate that the service e-wallet is important among young generations because this electronic payment service is convenient to make payments as well as transactions from anywhere, besides increasing the e-wallet facilities among users, service providers should focus on users’ privacy and security.

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A Security Assessment of HCE-NFC Enabled E-Wallet Banking Android Apps

Cited by 25 publications

References 5 publications

Factors Influencing the Use of E-wallet as a Payment Method among Malaysian Young Adults

Factors Influencing the Use of E-wallet as a Payment Method among Malaysian Young Adults

Factors influence on usage of e-wallets among millennials in the Sri Lankan context

Does the trust issue impact the intention to use e-wallet technology among students?

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