The growth of mobile payment and effect on consumption via cash and bankcard

Mao, Linye; Chen, Shaogang

doi:10.1109/bmei.2015.7401625

Cited by 4 publications

(3 citation statements)

References 1 publication

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“…While some studies have found no clear effect of electronic payments on consumption, our study suggests that there is a stable and causal long-term relationship between cash and bank cards, mobile payments, and consumption. Mao & Chen (2015) also found that mobile payments have significant substitution effects on traditional currencies and bank cards.…”

Section: Resultsmentioning

confidence: 97%

The Impact of Digital Innovation on Economic Growth

Sirait¹,

Rosalina²,

Sari³

2023

J. Professional Business Review

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Purpose: This study aimed to examine the impact of technology infrastructure, digital lending, and digital payments on real per capita income, public health, and education levels. Theoretical framework: This study is built on the relationship between technology infrastructure, digital lending, and digital payments and their impact on economic and social outcomes. The study draws on theories of technology adoption and diffusion, financial inclusion, and human development. Design/methodology/approach: This study used quantitative research to examine how technology infrastructure, digital lending, and digital payments affect income, health, and education. The sample was data from 2015-2020, cleaned and analyzed using regression analysis in E-views. Findings: The findings revealed that technological infrastructure has a significant positive effect on real per capita income and public health, but a negative and insignificant effect on the education level. Digital lending was insignificantly positive for real per capita income and negatively insignificant for public health and education levels. In contrast, digital payments had a positive and significant impact on the health and education levels but a negative and insignificant effect on real per capita income. Research, Practical & Social implications: The study suggests that governments should prioritize the development of information technology infrastructure for SMEs to increase real per capita income and public health. Furthermore, relevant laws and regulations should be improved to ensure the development of digital payments, credit investigation systems, and standardized digital payment transactions to maintain financial security and stimulate consumer demand, ultimately promoting sustainable economic development. Originality/value: The originality of this study lies in its investigation of the impact of both technology infrastructure and digital finance on income, health, and education. Additionally, the study highlights the importance of addressing regulatory issues to ensure the safe and effective use of digital finance.

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Section: Resultsmentioning

confidence: 97%

The Impact of Digital Innovation on Economic Growth

Sirait¹,

Rosalina²,

Sari³

2023

J. Professional Business Review

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“…However, some research shows that electronic payment has no obvious effect on consumption. There is a long-term stable and causal relationship between cash and bank cards, mobile payment, and consumption, while mobile payment has a significant substitution effect on traditional currencies and bank cards [ 15 ]. Other studies have shown that vulnerable consumers may face barriers to the use of electronic payments, especially among rural household consumers, few members’ accounts can accept payment, so these families are the slowest to overpay to electronic payments [ 16 ].…”

Section: Literature Reviewmentioning

confidence: 99%

“…With the rapid development of payment technology in recent years, many scholars begin to pay attention to digital payment, and a large number of studies focus on the willingness and behavior of digital payment, and the impact of digital payment on the major sectors of industry [ 1 , 2 , 3 , 4 , 5 , 6 , 7 , 8 , 9 , 10 ]. There are also studies that show that digital payment changes the public’s consumption behavior and affects consumer demand [ 11 , 12 , 13 , 14 , 15 , 16 , 17 ]. However, there is little research on the relationship between digital payment and consumer demand.…”

Section: Introductionmentioning

confidence: 99%

Sustainable Economic Development, Digital Payment, and Consumer Demand: Evidence from China

Zhou

2022

IJERPH

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In this era, the global COVID-19 pandemic has hit the economy hard. In the context of great challenges to sustainable economic development, it is of great practical significance to study how digital payment can promote consumer demand and sustainable economic development. From the perspective of sustainable economic development, this paper selects panel data of various provinces in China from 2011 to 2020 to test the correlation between digital payment and consumer demand by constructing econometric models and selecting relevant indicators, so as to reveal the impact of digital payment on consumer demand and sustainable economic development. Research shows that: (1) in the context of the COVID-19 pandemic, digital payments play a special and very important role in promoting household consumption and sustainable economic development; (2) the empirical results show that digital payment has a significant positive impact on consumer demand, which indicates that digital payment has an obvious promotion effect on consumer demand; (3) further research shows that the impact of digital payment on consumer demand has obvious heterogeneity. From the perspective of regional differences, digital payment has a significant positive impact on consumer demand in the eastern and western regions, while the impact is not obvious in the northeast and central regions, even though it also has a positive impact. From the perspective of urban-rural differences, digital payment has a significant impact on consumer demand in both urban and rural areas, and this impact is greater in rural areas than in urban areas. However, from the perspective of development stage, the stage characteristics of digital payment’s impact on consumer demand in each region are not obvious, which may be caused by the short sample range. In addition, this paper also puts forward relevant suggestions for other countries to learn from.

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