payment systems [11]. The appearance of this advancement in the worldwide business platform prompted most business establishments to naturally change from the customary paper-based cash exchanges to an electronic system of payment which is generally known as the online payment system or e-payment system If we honestly don’t meet your expectations, we will issue Research Paper On E Cash Payment System a refund. You can also request a free revision, if there are only slight inconsistencies in your order. Research Paper On E Cash Payment System Your writer will make the necessary amendments free of charge. You can find out more information by visiting our revision policy /10() IV. Research Methodology process of moving people from a cash-based system to a cashless system (digital system). Keeping hard cash is India continues to be driven by the use of cash; less than 5% of payments happen electronically, however the finance minister, in the budget speech, spoke about the idea of making India a cashless
Survey of electronic payment methods and systems — University of Twente Research Information
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Anna Warchlewska. Download PDF Download Full PDF Package This paper. A short summary of this paper. Acta Sci. pl ISSN eISSN X DOI: Anna Warchlewska Poznań University of Economics and Business, Poland ABSTRACT The aim of this article is to assess the attitudes of senior citizens towards cashless transactions with a particu- lar emphasis on mobile banking. The literature on the subject presents the dissemination of non-cash pay- ment strategies as an opportunity to reduce the problem of exclusion.
Moreover, the researchers who focus on the topic of financial exclusion diagnose self-exclusion within this social strata who do not use modern tech- nologies for current financial activities, additionally pointing to the significant impact of a group of factors: demographic, economic, psychological and social.
The considerations research paper on e cash payment system based on a query of the subject literature and an analysis of selected secondary studies. Moreover, the continuous development of and technological progress in the banking sector hinders certain types of banking and deepens the level of financial exclusion of the oldest generation.
It is necessary to focus CSR strategy, educational activities and product offers on marginalised groups, even if it may seem to be unprofitable for many banking strategies. production and social cohesion has for a decade been The study aims to assess the attitudes of senior a significant economic and social problem [Maciejasz- citizens to cashless transactions with particular em- -ŚwiątkiewiczPolasik and Piotrowska ]. phasis on mobile banking 1.
The author deliberately omits this thread in modern technologies because the strategies of commercial banks are now focused on the development of mobile services. warchlewska ue. Will the development of cashless payment technologies increase the financial exclusion of senior citi- zens?
Oeconomia 19 287—96, DOI: empirical studies were used. The new model of life, and different life expecta- The theoretical considerations are based on the tions, is causing changes in banking. Market observa- theory by Schumpeter [], who claimed that eco- tions give the impression that the availability of prod- nomic development is a combination of three factors: ucts and a wide range of banking services is not always 1 the existence of creative entrepreneurs, 2 the in- the same for all social groups.
According to Rousseau, troduction of innovations to the market, research paper on e cash payment system, research paper on e cash payment system 3 the the progress of civilization and the development of hu- use of debt financing.
Also, the theoretical aspect of man reason have violated the equality between human financial and social isolation in the paper refers to so- beings and, consequently, contributed to the perpetu- cial inequalities as a category of deficiency. Rousseau ation of injustice. The development of new technol- [] defined the inequalities conditioned by nature ogy in the banking sector does not make adjustments and the inequalities created and perpetuated by people.
for the age or dis ability of the recipient. The accuracy and rationality of institutional paradigm, incomplete information, and decisions was undermined by the economists Keynes the particular importance of risk management in the and Mill.
In the opinion of these English economists, economy. Over the past decade, finance issues regard- the notion of an economic man did not result from his ing senior citizens in have been analysed in the Polish rationality, research paper on e cash payment system, which is based on his amount of knowl- literature, by, among others, the following authors: edge, but from his life experience.
Mill rightly pointed Czechowska [], Solarz [], Kłobuchowska out that economic theories do not take account of all [], Oziębło [], Czerwiński [a, b, factors in the description of economic reality [Grobler ], Olejniczak []. Literature studies lead to ]. the conclusion that the challenges of modern banking The structure of the article is subordinated to the are not favourable to older generations and more atten- research objective.
The assessment of the activity of tion to this issue is required. Bank decisions regarding senior citizens and their attitudes to modern technolo- the permanent updating of products and services are gies will be analysed on the basis of the theory of be- based on market needs and consumer behaviour mod- havioural economics, which uses the achievements of els [Badowska and Rogala ].
The understanding psychology and other social sciences to explain eco- of the mechanisms driving people to make financial nomic phenomena. The ageing population requires particular attention The financial sector is facing changes resulting from from the banking sector to groups at risk of financial technological developments.
The implementation of exclusion: the elderly, the disabled and the youngest advanced IT systems, automatic economic events and generation under 25 years of age. Since the first men- data collection and processing is an opportunity for tion of financial exclusion [Leyshon and Thrift ], the banking sector to improve profitability and cus- new views on this problem have been defined.
Most tomer relations [NiemczykZalewska-Bochenko often, the description of financial exclusion has fo- ], research paper on e cash payment system. The manifestation of the new phenomenon in cused on the causes and consequences [cf.
Importantly, the posing solutions to minimize financial exclusion [Do- implementation of innovation by an entrepreneur is novan and PalmerKempson et al. These services have an THE IDEA OF CASHLESS TRADING IN POLAND impact on home finances and security [Iwanicz-Droz- dowska ].
The broad approach addresses the dif- Non-cash transactions research paper on e cash payment system construed as the transfer of ficulties faced by individuals with low social status, research paper on e cash payment system, funds collected in bank accounts through the use of pay- low income, no bank account and no access to finan- ment instruments.
In practice, such transactions should cial services, such as credit or non-cash payments. include: credit transfer, direct debit, payment card or The Polish market, in terms of its contribution to cheque transactions [Iwańczuk-Kaliska ]. The literature, is rich in short articles signalling the prob- Non-Cash Trading Strategy for — [Koalicja lem and a few compact items describing the phenom- na rzecz Obrotu Bezgotówkowego i Mikropłatności enon from the perspective of the Polish financial mar- ] sets out key areas which allowed decision-mak- ket participant [SolarzMaciejasz-Świątkiewicz ers to focus their attention on significant problems ].
The literature on the subject develops the mul- related to the promotion of non-cash trading. In ac- ti-threaded nature of the problem [AlińskaFila cordance with the assumptions of the Programme, itresearch paper on e cash payment system, Warchlewska, Frączekresearch paper on e cash payment system, Polasik is necessary to ensure the security and effectiveness of et al. na rzecz Obrotu Bezgotówkowego i Mikropłatności A critical analysis of available sources still doesWarchlewska ].
not exhaust the subject of the determinants of the During the Programme evaluation, the Polish Bank problem. Apart from demand, supply, and social and Association Związek Banków Polskichwhich flags psychological factors, the phenomenon should also the activities of the Coalition for Non-Cash and Micro- be analysed taking into account the time factor.
More- Payments Koalicja na rzecz Obrotu Bezgotówkowego over, an in-depth analysis of the primary and second- i Mikropłatnościpresented four barriers to non-cash ary nature of the problem of financial exclusion would transactions [ZBP ] the table. make it possible to define the moment when financial The first three objectives are of a quantitative na- exclusion and inclusion are conditioned [Kuchciak et ture, with Objectives 1 and 2 focusing on the devel- al.
Objective 4 is literature regarding a diagnosis of the phenomenon of of a qualitative nature increasing the innovativeness financial exclusion, and an analysis of review works of cashless payment instruments while maintaining that concern the subject of modern technologies in or increasing the level of security of their functions non-cash payments and the position of senior citizens [ZBP ].
It needs to be stressed that the most popu- in the world of finance. The author analyzes the re- lar forms of non-cash transactions in Poland include sults of selected empirical research on the attitudes payment cards debit, credit, charge and prepaid and and activity of seniors in the banking sector in the electronic transfers.
One of the latest proposals for subject matter. The study is a starting point for further non-cash payments is BLIK [Polish payment stand- comparative research and a prelude to a bibliometric ard], i. the possibility to make transactions using analysis of the problem of financial exclusion. research paper on e cash payment system smartphone.
Share of cash and cashless payments in the number of retail payments in Poland in the period of — Source: NBP []. The development of non-cash payments is con- inappropriate innovations.
Llewellyn [, cf. Ko- firmed by data from the National Bank of Poland renik, ] interprets banking innovation in the light Narodowy Bank Polski [NBP ]. In the last doz- of the institutional paradigm, where innovation should en or so years Fig, research paper on e cash payment system.
The use of standardised products and serv- ly growing. Most transactions in not conducive to long-term relationships, research paper on e cash payment system. Obtaining processed information on external and In light of contemporary finance and a practical view internal factors should be considered crucial for the of banking regulations, banking innovations have been development needs of the economy.
All information categorized according to their effects. There are posi- requirements, monitoring or risk analyses should be tive sustainable, appropriate and negative harmful, regarded as positive innovations. excessive education of seniors who are known as students of the banking secrecy. Successfully dealing with uncertainty University of the Third Age [Korenik ]. It is on and risk implies that banks have a cost advantage over the initiative of seniors themselves that classes are other entities in the area of risk management.
To this held with the use of smartphones, which indicates that end, banks shall target their activities at offers aimed seniors are aware of the fact that they live in the age of at reducing economic and financial risk and shall seek technology and they are increasingly willing to under- the best solutions based on cost reduction, research paper on e cash payment system. Innova- take computer education.
According to demographer tive orientation towards more efficient and effective P. Szukalski, seniors in Poland are victims of ageism, actions in terms of costs should be considered posi- i. depreciating and discriminating against people be- tive, provided that they do not omit certain groups of cause of their advanced age. through aggressive sale to make the banking profession aware of the fact that or mismatch between products and services and im- old age is only a phase in life and does not deserve the pairments of the buyer [WrońskaKorenikcurrent lack of attention of the banking sector in mo- Wright ].
bile education and modern technologies. The age of 60, and more and more often of 65 years, Automation in response to a consumer question is is used as a metric threshold for old age.
Demographic progressing towards the elimination of the human fac- data indicate that the number of people aged 65 and tor. Biometrics is the most popular form of identity over will continue to increase over the next 20 years. verification, acceptance of cashless transactions and In addition, life expectancy will gradually increase, ATM service worldwide.
biometrics and handwritten signatures are most often Research paper on e cash payment system are one of the groups of recipients of bank- used. The introduction of biometrics to the banking ing sector services. According to data of Polish Bank services market aims to eliminate the risk of incorrect Association [ZBP ], the number of pensioners and identity verification or customer identification.
More- disability research paper on e cash payment system in amounted to 8. Older people are the account. Theoretically, it is a solution aimed at im- becoming increasingly positive about banking services, proving the living conditions of senior citizens. A Polish Bank Association study [] shows [Czechowski et al.
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One of the latest proposals for subject matter. The study is a starting point for further non-cash payments is BLIK [Polish payment stand- comparative research and a prelude to a bibliometric ard], i.e. the possibility to make transactions using analysis of the problem of financial exclusion. a smartphone Essays are the most common type Research Paper On E Cash Payment System of academic paper – and sometimes, you are assigned just too many of them. Our paper writers are able to help you with all kinds of essays, including application essays, persuasive essays, and so on/10() increased use of credit/debit cards, state digital wallets, e-payments and digital transfers. The vision of digital India has further given boost to the concept. Virtual shopping, e-cash, e-commerce, electronic fund transfer, etc. is the new vocabulary for India. Although it is believed that cashless economy is
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