Suchergebnisse

Developing a solid foundation for electronic payment systems is an integral part of ICTdriven development for any country. Compared to cash, e-payment transactions offer the advantages of portability, security, and convenience. For interpersonal transactions, epayments enable instantaneous exchanges of funds without requiring large sums of physical currency to be carried around and exchanged. E-payments also allow money to be sent rapidly to any recipient regardless of location, eliminating the time cost of making transactions over distance. Integrated e-payment systems are vital to the functioning of any ICT platform whose services require payment, especially those based on mobile technology. Finally, e-payments are more visible than cash transactions, reducing the corrupting influence of black money, widening the tax base, improving data on spending and consumption, and aiding in the formalization of large sectors of the economy. India has long been a cash-based economy, but in recent years, the country has been in the process of transitioning towards a cashless society, In November 2016, this transition was accelerated when 87% of the country's paper currency by value was demonetized. The macroeconomic merits of demonetization remain up for debate, but the policy shock did provide India a golden opportunity to replace legacy systems with ones that could interface with new IT platforms and the country's national ID database, Aadhaar. Although digital payment remains relatively infrequent for now, total digital payments are expected to reach USD 500 billion by 2020, ten times the level in 2016. Government has encouraged this transition by linking public transactions such as Direct Benefit Transfer (DBT) to e-payment services through Aadhaar. (.)

Developing a solid foundation for electronic payment systems is an integral part of ICT-driven development for any country. Compared to cash, e-payment transactions offer the advantages of portability, security, and convenience. For interpersonal transactions, e-payments enable instantaneous exchanges of funds without requiring large sums of physical currency to be carried around and exchanged. E-payments also allow money to be sent rapidly to any recipient regardless of location, eliminating the time cost of making transactions over distance. Integrated e-payment systems are vital to the functioning of any ICT platform whose services require payment, especially those based on mobile technology. Finally, e-payments are more visible than cash transactions, reducing the corrupting influence of black money, widening the tax base, improving data on spending and consumption, and aiding in the formalization of large sectors of the economy. India has long been a cash-based economy, but in recent years, the country has been in the process of transitioning towards a cashless society, In November 2016, this transition was accelerated when 87% of the country's paper currency by value was demonetized. The macroeconomic merits of demonetization remain up for debate, but the policy shock did provide India a golden opportunity to replace legacy systems with ones that could interface with new IT platforms and the country's national ID database, Aadhaar. Although digital payment remains relatively infrequent for now, total digital payments are expected to reach USD 500 billion by 2020, ten times the level in 2016. Government has encouraged this transition by linking public transactions such as Direct Benefit Transfer (DBT) to e-payment services through Aadhaar. Numerous modes of digital payment are now available to Indian consumers, but some have been more successful than others. Demonetization additionally played a heavy role in influencing which payment systems have been adopted for which purposes. For example, while mobile wallets were popular in the months and years preceding demonetization, Unified Payments Interface (UPI) based systems have since become more prevalent, largely thanks to the convenience of being able to skip the intermediate step of adding money to a specific account in favor of sending money directly to recipients via one's own bank account. UPI transactions increased threefold in the year following demonetization, representing the largest segment of the country's digital payment growth. As smartphones continue growing in popularity and data usage continues to increase, India's digital payment market is expected to reach over 1 trillion USD by 2023. However, specific interventions and investments are required for the information economy to penetrate rural areas. Initiatives such as the ICICI Digital Villages Program provide training and support for rural Indians to enter the digital financial ecosystem, offering assistance in opening paperless accounts, introducing SMS services for fund transfers and balance inquiries, and developing native cashless payment systems for direct deposit. Infrastructure investments are also required to make digital payments feasible for those in remote and poorly connected areas. Such efforts are necessary if ICT-driven development is to sustain India's economic growth in a fashion inclusive for all of India's citizens.

Electronic government initiatives in the majority of cases pass a number of different stages, starting with a static Web site and ending with fully interactive sites that are capable of handling a multitude of transactions. The possibility of transferring money online plays an important role for those e-government initiatives that include financial transactions, such as paying taxes, fees, or fines. This paper combines the issues of e-payment and e-government, and proposes a model that depicts important factors influencing users' online payment behavior. A structural equation modeling (SEM) approach has been used to assess the strength of the relationships among different constructs, including users' previous experience, their trust in e-payment security, and the perceived convenience of the payment process. Our results indicate that trust (both in a frictionless use of the system and in e-payment security) can be seen as an important antecedent for the adoption of online payments on the part of the users. From the government's point of view, the potentials of exerting influence seem to be somewhat limited: while national institutions in developed countries are usually perceived as trustworthy, users' attitudes toward the Internet may be more skeptical, depending on their previous experiences. Adapted from the source document. COPIES ARE AVAILABLE FROM: HAWORTH DOCUMENT DELIVERY CENTER, The Haworth Press, Inc., 10 Alice Street, Binghamton, NY 13904-1580

International Journal of Advanced Computer Science and Applications(IJACSA), 4(7), 2013 ; Recently communications and information technology became widely used in various aspects of life. The internet becomes the main network for information support. Using of internet enabled public and private organizations to develop its business and expand its activities. Private organizations applied the principles of e-commerce to improve the quality of services which provided to customers. While public sector organizations started to apply the principles of e-government in an effort to increase efficiency and effectiveness and achieve maximum equality among citizens. One of the major challenges raised by widespread use of e-government and e-commerce application is security issues especially e-payment. This paper discusses the present law in Kingdom of Jordan which deal with the problem of frauds and violation of consumers' rights and privacy when they making e-payment. In addition this paper tries to make comprehensive study on e-payments and the law to decide if there more legislation is needed. ; http://thesai.org/Downloads/Volume4No7/Paper_25-Security_Concerns_in_E-payment_and_the_Law_in_Jordan.pdf

The literature shows that electronic payments are key to improving financial inclusion and achieving global development goals such as the United Nation's (UNs) Sustainable Development Goals. The benefits are premised on the welfare-enhancing effects of digital payments, which reduce costs, the probability of loss and risk for low-income consumers, as well as improve access to formal financial services. This study thus investigates the conditions under which these welfare-enhancing gains can be obtained. It considers the conditions under which e-payments can be welfare enhancing by using qualitative data from Zimbabwe. The severe liquidity constraints in Zimbabwe provide a good case for evaluating how well e-payments work, as the relative absence of cash has made the use of mobile money inevitable. Focus group data are analysed to understand participants' everyday experiences with the e-payment system in Zimbabwe. The results indicate that the key challenges with payment systems faced by households include high costs, malfunctions of the system at the point of sale, lengthy refund processes and limited acceptance. Participants indicate a strong preference for foreign exchange cash as a mode of payment. High levels of concentration in the mobile money market, lack of transparency by financial service providers and a strong preference for cash by retailers are the main drivers of system failure. Therefore, this study identifies the need for the government to address the lack of competition in the market, as well as address macroeconomic liquidity constraints.