Work

Towards a cashless society: Examining the Impact of Digital Infrastructure on mPayment Transactions (A Cross-Region Analysis)

Year: 2024

Type: article

Abstract: The worldwide financial environment has been completely transformed by the rise of financial technology, or fintech, which has greatly increased mobile payment (mPayment) transactions. This study investigates the relationship between digital infrastructure and mPayment transactions across countries through a quantitative analysis approach. Secondary data from central banks and relevant agencies are used to explore factors such as the access to electric, secure internet server, numbers of individual using internet, mobile cellular subscriptions, fixed broadband subscription, the automated teller machines (ATMs), and mobile data’s affordability. The study uses regression modelling and comparative analytic approaches to shed light on how digital infrastructure affects mPayment transactions, with a focus on a variety of EU-27 and Southeast Asian nations. The results show that Secure Internet Servers and internet penetration are key factors influencing mPayment transactions, provide guidance on how to encourage mPayment use, and leverage digitalization to drive socioeconomic progress towards a cashless society.

Source: Zenodo (CERN European Organization for Nuclear Research)

DOI: 10.5281/zenodo.14407360

Authors: Mohamad Shukri, Nor Hazirah, Kovač, Nataša

Institutions: Universiti Teknologi MARA System, Universiti Teknologi MARA, University of Donja Gorica

Language: English

Topic: Digital Transformation in Financial Services

Subfield: General Economics, Econometrics and Finance

Field: Economics, Econometrics and Finance

Domain: Social Sciences

SDG: Industry, innovation and infrastructure

Open Access status: green

Funder: European Commission