Demonetization in India: An Evaluation

Rasel, Md.; Hosain, Sajjad; Sultana, Ayrin; Kabir, Md. Humayun

doi:10.9734/ajeba/2019/v12i230145

Cited by 4 publications

(2 citation statements)

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“…The pace of MOPP adoption has been increased dramatically in China due to the extreme popularity of mobile based payment among the Chinese (Li et al , 2019). Such payment platforms are getting popularity in India after the demonetization of currency notes in India (Hosain, 2019; Rasel et al , 2019; Chowdhury and Hosain, 2018; Shankar and Datta, 2018). Bangladeshi people are also not lagging behind in utilizing such technology-based payment services.…”

Section: Implications For Theory and Practicementioning

confidence: 99%

Intention to adopt mobile-based online payment platforms in three Asian countries: an application of the extended Technology Acceptance Model

Jawad

Parvin

Hosain

2022

JCMARS

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PurposeThe purpose of this paper is to explore the impact of selected factors in adopting mobile-based online payment platforms (MOPP) in three Asian countries: China, India and Bangladesh through the application of Technology Acceptance Model (TAM). The factors considered were: perceived trust (PT), perceived risk (PR), social influence (SI), perceived ease of use (PEU) and perceived usefulness (PU).Design/methodology/approachThe authors purposively selected 1,289 individuals from those three countries who regularly use MOPP as the medium of monetary transactions. The authors utilized SPSS 24 for descriptive statistics and structural equation modeling (SEM) technique through AMOS 24 for testing the hypothesized relationships.FindingsThe authors found that four factors: PT, SI, PEU and PU have significant positive impact on the intention to adopt MOPP whereas PR has insignificant negative impact on the intention to adopt MOPP.Originality/valueAs per the authors' knowledge, this is the first study ever conducted to identify the factors impacting the adoption of MOPP in more than one country. Such an exploratory study can inspire the scholars to initiate further investigations as well as the service providers to extend their service effectiveness according to the users' opinion.

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Section: Implications For Theory and Practicementioning

confidence: 99%

Intention to adopt mobile-based online payment platforms in three Asian countries: an application of the extended Technology Acceptance Model

Jawad

Parvin

Hosain

2022

JCMARS

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“…Implications for theory and practice 6.1 Implications for theory The rapid acceptance and utilization of mobile-based financial apps have been increasingly evident in China due to the extreme popularity of mobile based payment preference among the young and middle-aged Chinese over the cash payment (Li et al, 2019). MEPAs can be the best options for cashless transaction due to quick transfer of money that liberates a user from the complicacies of carrying as well as counting cash money and the chances of having forged banknotes (Hosain, 2019;Rasel et al, 2019;Chowdhury and Hosain, 2018). Considering the increasing popularity, existing service providers are also introducing inventive services to draw the attention of new users and retain the current ones.…”

Section: Discussionmentioning

confidence: 99%

Factors affecting the adoption of mobile-based electronic payment apps in China: an application of the extended technology acceptance model

Hosain,

Kamal

2024

JCMARS

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PurposeWith the increasing use of Internet and mobile handsets, mobile-based electronic payment apps (MEPAs) are becoming very popular around the world due to having various advantages. The intention of this exploratory study is to investigate the role/impact of selected factors in adopting three MEPAs of China: Wechat, Alipay and UnionPay based on the extended technology acceptance model (ETAM). After conducting a thorough and careful literature review, this study identified and divided seven such factors into three broad categories: (1) technological factors: perceived ease of use (PEU) and perceived usefulness (PU); (2) personal factors: perceived trust (PT), perceived privacy (PP) and perceived risk (PR); and (3) social factors: social influence (SI) and peer influence (PI) that were assumed to affect the intention to adopt MEPAs (IAMEPAs).Design/methodology/approach1,597 Chinese individuals were selected through purposive sampling technique who regularly used MEPAs at the time of collecting data. For collecting primary data from the selected respondents, a cross-sectional survey instrument was used. The study utilized IBM SPSS 25 for descriptive statistics and a second generation covariance-based structural equation modeling (CB-SEM) technique through AMOS 25 for testing the hypothesized relationships.FindingsFrom statistical analysis, it was identified that five factors: PEU, PU, PT, SI and PI have significant positive impact on the dependent variable, IAMEPAs while PR and PP have insignificant influence on IAMEPAs.Originality/valueThis is one of the studies ever conducted to discover the factors that can have impact on the adoption of MEPAs using ETAM. It is strongly expected that this exploratory study can motivate the scholars to commence additional investigations regarding this increasingly popular financial technology (Fin-Tech). In addition, it can be anticipated that the MEPA service providers can widen their service effectiveness according to the users’ opinion reflected in this study. Furthermore, policymakers involved with Fin-Tech can also formulate and implement effective policies and guidelines based on the empirical outcomes.

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Demonetization and Movement Towards Digital Cashless Indian Economy

Bhattacharyya¹

2022

Research Anthology on Macroeconomics and the Achievement of Global Stability

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One of the greatest painful, un-stabilizing self-imposed macroeconomic blows on the Indian economy occurred in the absence of a short-term crisis when the government decided to announce a major change in the macroeconomic environment by demonetizing the high value currency notes – of Rs 500 and Rs 1000. These two denominations ceased to be legal tender from midnight of 8th of November 2016. The reasons offered for demonetization are two-fold: one, to control counterfeit notes that could be contributing to terrorism, in other words a national security concern; and second, to undermine or eliminate the “black economy.” It has also been a step forward towards a digital cashless economy. In this study an attempt is being made to present a discussion on both the short- and long-run effects of demonetization. It attempts to throw light on the impact of some macroeconomic variables—GDP, sectoral composition, industrial production, inflation, employment—using secondary time-series analysis. The empirical analysis clearly reveals that contraction of currency in circulation was one of the most important factors responsible for decrease in GDP in India after the period of demonetization. Apart from the issue of transition, confronted by the banking system, the government initiative was needed to neutralize the short-term, medium-term, and long-term effects particularly on regularization of cash flows, withdrawals, income, employment, inflation, consumption, and production. Moreover, cyber and other digital security measures were also essential to curb any kinds of frauds and encourage people towards a more digital cashless economy.

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Demonetization in India: An Evaluation

Cited by 4 publications

References 1 publication

Intention to adopt mobile-based online payment platforms in three Asian countries: an application of the extended Technology Acceptance Model

Intention to adopt mobile-based online payment platforms in three Asian countries: an application of the extended Technology Acceptance Model

Factors affecting the adoption of mobile-based electronic payment apps in China: an application of the extended technology acceptance model

Demonetization and Movement Towards Digital Cashless Indian Economy

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