Citation

Ong, Hway Boon and Chong, Lee Lee (2023) The effect of cashless payments on the internet and mobile banking. Journal of Financial Services Marketing, 28 (1). pp. 178-188. ISSN 1363-0539

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Abstract

Some of the problems of cash transactions were the inconvenience of handling cash and the limited availability of banking services to facilitate cash withdrawals. The purpose of this paper is to examine the impact of cashless payments on the usage of the internet and mobile banking services in twofolds. First, the Wald test was applied to determine the short-run causal effect of the diffusion from cash to cashless payment on the internet and mobile banking. Second, the autoregressive distributed lag (ARDL) bounds test was employed to determine the long-run effect of cashless payments on the internet and mobile banking. The novelty of this study is threefold. First, this study employed the total value of cashless payments transacted per month data that were previously unavailable for time series analysis. Second, unlike studies on the intention to adopt cashless payments, internet and mobile banking, this study used data of actual transactions paid by a consumer. Third, this study established that the internet and mobile banking were delivery channels for cashless payments.

Item Type:	Article
Uncontrolled Keywords:	Cashless, Mobile banking, Internet banking, ARDL
Subjects:	H Social Sciences > HG Finance > HG1501-3550 Banking > HG1660 Bank accounts. Bank deposits. Deposit banking
Divisions:	Faculty of Management (FOM)
Depositing User:	Ms Nurul Iqtiani Ahmad
Date Deposited:	05 Apr 2022 05:37
Last Modified:	06 Apr 2023 08:09
URII:	http://shdl.mmu.edu.my/id/eprint/10057

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