Fintech Payments in Public Financial Management: Benefits and Risks

Griffin, Naomi; Uña, Gerardo; Bazarbash, Majid; Verma, Alok

doi:10.5089/9798400232213.001

Cited by 11 publications

(2 citation statements)

References 16 publications

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“…Cashless transactions drastically reduce administrative challenges for healthcare providers by eliminating the requirement for manual documentation [ 31 ]. Eliminating time-consuming manual processes is a crucial component of streamlining cashless transactions.…”

Section: Reviewmentioning

confidence: 99%

Transforming Healthcare: The Revolutionary Benefits of Cashless Healthcare Services

Sagare,

Bankar,

Shahu

et al. 2023

Cureus

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As cashless hospital services have grown in popularity, the healthcare sector has seen a tremendous transition. That means the payments are done in an electronic manner which is also known as e-pay. The article discusses the benefits of cashless healthcare services, which are transforming the healthcare sector by providing a streamlined, secure, and effective experience for patients and healthcare providers. Cashless healthcare facilities make use of cutting-edge technologies, including mobile applications, digital wallets, and secure internet platforms, to optimize the utilization of resources within the healthcare ecosystem and improve the overall patient experience. The incorporation of technology has led to revolutionary innovations that continue to redefine the way people access and experience health services. The advantages of cashless hospital services have transformed the healthcare sector by enhancing data security, facilitating transparent billing, and encouraging a patient-centered approach. Cashless services are a preferred method of payment for both consumers and organizations due to their convenience and accessibility. Patients can make payments using digital channels such as mobile payment applications, online payment gateways, or contactless payment cards, whether they are paying for medications, lab tests, or complicated surgeries. Cashless transactions drastically reduce administrative challenges for healthcare providers by eliminating the requirement for manual documentation, which facilitates quick electronic transactions and reduces processing times. As the billing and payment process becomes digitized and streamlined, doctors and medical personnel can focus more on treating and caring for patients. Additionally, much faster insurance claim processing and verification processes result in quicker pay-outs and minimize the financial burden on patients.

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Section: Reviewmentioning

confidence: 99%

Transforming Healthcare: The Revolutionary Benefits of Cashless Healthcare Services

Sagare,

Bankar,

Shahu

et al. 2023

Cureus

View full text Add to dashboard Cite

show abstract

“…Educating and making FinTech providers aware of the value of strong security procedures is another area that needs emphasis (Xie et al, 2021). Some sector participants might need more funds or expertise to put the most recent security measures into place, especially smaller businesses (Gerardo et al, 2022). A more secure FinTech environment can be achieved by increasing understanding within the industry and supporting the implementation of best practices (Bains & Wu, 2023).…”

Section: Journal Of Internationalmentioning

confidence: 99%

Balancing the Scales: Navigating Benefits and Risks in Indonesia’s Sharia FinTech Landscape

Zuhri Lubis,

Khairisma,

Puspitaningrum

et al. 2023

JICP

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This research provides a thorough literature analysis to clarify the dynamics of advancing financial technology that complies with Shariah for inclusive development and implementing broad surveillance in Indonesia. The objective is to provide a qualitative review of the current studies to offer insightful perspectives on the growth and risks related to Shariah FinTech. This study integrates a library research approach with a qualitative research methodology. The literature results suggest that Shariah-compliant FinTech is being more widely used in Indonesia, demonstrating its advantages and disadvantages. This literature-based study advances our understanding of the complex balance needed for the ethical and sustainable development of Indonesia’s developing Shariah FinTech sector.

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Third-Country Regime and Equivalence: FinTechs

Nemeczek

2024

Eur Bus Org Law Rev

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Fintech Payments in Public Financial Management: Benefits and Risks

Cited by 11 publications

References 16 publications

Transforming Healthcare: The Revolutionary Benefits of Cashless Healthcare Services

Transforming Healthcare: The Revolutionary Benefits of Cashless Healthcare Services

Balancing the Scales: Navigating Benefits and Risks in Indonesia’s Sharia FinTech Landscape

Third-Country Regime and Equivalence: FinTechs

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