Moving away from cash

Lorenz, William

doi:10.1016/s0965-2590(09)70135-5

Cited by 3 publications

(4 citation statements)

References 0 publications

Supporting

Mentioning

Contrasting

Order By: Relevance

“…In [20], it was pointed out that one of the advantages of implementing forms of payment other than cash is bringing advantages to areas where access to cash is difficult, especially if using contactless mobile or card payments; however, that can also pose problems for those people who do not handle this technology well. In [21] and [22], it was concluded that the main advantage of reducing or eliminating cash is the reduction in costs: "During this decade, many banks have fostered cashless payment methods in the hope of reducing overall payment costs". In [23], advantages derived from the elimination of cash were pointed out in their analysis, where one may "tax the underground economy, promote business efficiency and cover up criminal or lobbyist activities".…”

Section: Advantages and Disadvantages Derived From The Elimination Of Cashmentioning

confidence: 99%

Detection of Financial Inclusion Vulnerable Rural Areas through an Access to Cash Index: Solutions Based on the Pharmacy Network and a CBDC. Evidence Based on Ávila (Spain)

2020

View full text Add to dashboard Cite

The ability to access quality financial services and cash has been indicated by various organizations, such as the World Bank or UN, as a fundamental aspect to guarantee regional sustainable development. However, access to cash is not always guaranteed, especially in rural regions. The present study is based in the Ávila region of Spain. A parameter called the “access to cash index” is constructed here. It is used to detect rural areas where the ability to access cash and banking services is more difficult. Based on the “access to cash index”, two sustainable solutions are proposed: The first (in the short term), based on extending access to cash, takes advantage of the existing pharmacy network. With this measure, a notable reduction of more than 55% of the average distance required to access this service is verified here. The second is based on the implementation of a central bank digital currency. Here, the results show an acceptance of 75%. However, it is known that elderly people and those without relevant education and/or low incomes would reject its widespread use. Such a circumstance would require the development of training and information policies on the safety and effectiveness of this type of currency.

show abstract

Section: Advantages and Disadvantages Derived From The Elimination Of Cashmentioning

confidence: 99%

Detection of Financial Inclusion Vulnerable Rural Areas through an Access to Cash Index: Solutions Based on the Pharmacy Network and a CBDC. Evidence Based on Ávila (Spain)

2020

View full text Add to dashboard Cite

show abstract

“…A widespread trend towards a globalised market has further extended the need for countries to be equipped with efficient payment systems to promote overall efficiency to the entire economy and provide meaningful cost savings (Humphrey et al 2001;Humphrey et al 2003a;Chou et al 2004;Stroborn et al 2004;Swartz et al 2004;Tsiakis & Sthephanides 2005;Humphrey et al 2006;Linck et al 2006;Cotteleer et al 2007;MasterCard 2008;Lorenz 2009;Kim et al 2010). Efficient payment systems would also help redeploy resources used for manually or semi-automatically processing payments and help reduce costs related to cash and cheque handling through a more intensive use of e-payment (BNM 2011b).…”

Section: List Ofmentioning

confidence: 99%

“…Their efforts have mainly been driven by the fact that the traditional payment methods including cash and cheques are increasingly being seen as cumbersome, unsecure to carry in large amounts, and not always available at the point of need (Lorenz 2009). …”

Section: Advantages Of E-paymentmentioning

confidence: 99%

“…In comparison to traditional payment methods, these studies reveal that e-payment has several favourable characteristics including greater cost savings, security, scalability, acceptability, reliability, anonymity, efficiency, privacy, safety, accuracy, and convenience (Humphrey et al 2001;Humphrey et al 2003a;Chou et al 2004;Stroborn et al 2004;Swartz et al 2004;Tsiakis & Sthephanides 2005;Humphrey et al 2006;Linck et al 2006;Cotteleer et al 2007;MasterCard 2008;Lorenz 2009;Kim et al 2010). From a central bank point of view, epayment is also able to increase economic efficiency, productivity, and competitiveness (BNM 2014a).…”

Section: Advantages Of E-paymentmentioning

confidence: 99%

See 1 more Smart Citation

Determinants of electronic payment adoption in Malaysia: the stakeholders' perspectives

Sidek¹

View full text Add to dashboard Cite

Efficient payment systems are crucial for developing countries' economic development, and are regarded as the backbone to a highly competitive country. Innovations in the payment industry have also lead to greater access to formal financial system. As such, this study explores the factors influencing e-payment adoption by businesses and consumers in Malaysia.More specifically, this study modifies and extends the Perceived E-ReadinessModel. The modified model redefines relationships between the variables and introduces business strategy as a new independent variable and e-payment adoption as the dependent variable. I combine two established theories in technology innovation and adoption behaviour areas-the Technology Acceptance Model and the Technology Readiness Index-into an integrated model. This model better explains the impact of behavioural readiness and perceptions of technology to e-payment adoption.By using partial least squares structural equation modelling, I analysed 165 business data and found that e-payment adoption by businesses was strongly influenced by nine organisational and external factors (human resources, business resources, technology resources, business strategy, governance, commitment, awareness, market forces e-readiness, and supporting industries e-readiness). The government e-readiness factor was insignificant. I also analysed 687 consumer data and found that three consumer behavioural dimensions (innovativeness, optimism, and insecurity) were strong predictors of the perceived ease of use of e-payment technology. On the other hand, only the optimism dimension significantly and positively influenced perceived usefulness. The discomfort dimension was insignificant.Qualitative responses through open-ended questionnaires received from businesses and consumers respondents provided additional support to the quantitative findings. Comments highlighted by technology service providers through semi-structured interview sessions contributed additional perspectives on the subject matter. I analysed these qualitative data manually and by using Leximancer software.Further, I perform mediation and moderation data analyses to further explain the respective findings and arguments offered. I identified a few relationships in both the business and consumer models to have been partially mediated by several variables: the business strategy and commitment variables in the business model, and perceived ease of use and perceived usefulness in the consumer model. Using a multi-group analysis technique, this study also provides evidence of the moderating effects of several moderating factors. Business characteristics identified as moderators for business model iii were firm age, firm size and business performance. Meanwhile, based on consumers' demographic information, the moderators for consumer model were age, gender, level of education, and usage experience. In order to assess the moderating effects of these factors, theoretical frameworks and moderating hypotheses were developed accordingly.The res...

show abstract

Cashless in Online Transportation Applications for Services Business

Novitasyari

Widiastuti

2019

IOP Conf. Ser.: Mater. Sci. Eng.

View full text Add to dashboard Cite

The relationship between online transportation applications and cashless payment methods is mutualism. However, that does not mean everything is fine. The purpose of this study is to show that even small entrepreneurs can become entrepreneurs who follow technological developments. This research was conducted to describe the ease of business people in conducting services when transacting with customers using the Cashless payment method in the Online Transportation application. Also, this study reviews the problems that arise from other studies discussing the usefulness of online transportation applications that are increasingly advanced so that it can be used for Cashless payment methods. The research method used was qualitative, namely direct interviews with business people to obtain objective results and supplemented by review literature. The results of this study indicate that, with this online transportation application, it is easier for sellers to make transactions with customers.

show abstract

Moving away from cash

Cited by 3 publications

References 0 publications

Detection of Financial Inclusion Vulnerable Rural Areas through an Access to Cash Index: Solutions Based on the Pharmacy Network and a CBDC. Evidence Based on Ávila (Spain)

Detection of Financial Inclusion Vulnerable Rural Areas through an Access to Cash Index: Solutions Based on the Pharmacy Network and a CBDC. Evidence Based on Ávila (Spain)

Determinants of electronic payment adoption in Malaysia: the stakeholders' perspectives

Cashless in Online Transportation Applications for Services Business

Contact Info

Product

Resources

About