A study on cashless payments and its impact on economic growth/ Nur Aisyah Rijal

This study explores the relationship between cashless payments and their economic impact in Hong Kong, Thailand, South Korea, Vietnam, and Malaysia between 2010 and 2020. The Panel Ordinary Least Square (OLS) regression model is used to examine the within- and between-country effects of adopting rem...

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Main Author:	Rijal, Nur Aisyah
Format:	Thesis
Language:	English
Published:	2021
Subjects:	Economic development Development economics Economic growth Electronic funds transfers
Online Access:	https://ir.uitm.edu.my/id/eprint/106368/1/106368.pdf
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id	my-uitm-ir.106368
record_format	uketd_dc
spelling	my-uitm-ir.1063682024-12-15T02:43:27Z A study on cashless payments and its impact on economic growth/ Nur Aisyah Rijal 2021-07 Rijal, Nur Aisyah Economic development. Development economics. Economic growth Electronic funds transfers This study explores the relationship between cashless payments and their economic impact in Hong Kong, Thailand, South Korea, Vietnam, and Malaysia between 2010 and 2020. The Panel Ordinary Least Square (OLS) regression model is used to examine the within- and between-country effects of adopting remittance (via telegraphic transfer), card payment, and cheque payment in these selected countries. The findings indicate that cashless payment has a sizable impact on Hong Kong, Thailand, South Korea, Vietnam, and Malaysia. Specifically, remittance inflows on economic growth were discovered, whereas card and cheque payments have no impact on economic growth. As a recommendation, Hong Kong, Thailand, South Korea, Vietnam, and Malaysia should intensify their efforts to promote cashless payments, emphasising remittance inflows, which have the most significant positive impact on economic growth. Thus, the country would benefit from a cashless economy. 2021-07 Thesis https://ir.uitm.edu.my/id/eprint/106368/ https://ir.uitm.edu.my/id/eprint/106368/1/106368.pdf text en public degree Universiti Teknologi MARA, Johor Faculty of Business and Management Mohd Shafi, Roslina
institution	Universiti Teknologi MARA
collection	UiTM Institutional Repository
language	English
advisor	Mohd Shafi, Roslina
topic	Economic development Development economics Economic growth Electronic funds transfers
spellingShingle	Economic development Development economics Economic growth Electronic funds transfers Rijal, Nur Aisyah A study on cashless payments and its impact on economic growth/ Nur Aisyah Rijal
description	This study explores the relationship between cashless payments and their economic impact in Hong Kong, Thailand, South Korea, Vietnam, and Malaysia between 2010 and 2020. The Panel Ordinary Least Square (OLS) regression model is used to examine the within- and between-country effects of adopting remittance (via telegraphic transfer), card payment, and cheque payment in these selected countries. The findings indicate that cashless payment has a sizable impact on Hong Kong, Thailand, South Korea, Vietnam, and Malaysia. Specifically, remittance inflows on economic growth were discovered, whereas card and cheque payments have no impact on economic growth. As a recommendation, Hong Kong, Thailand, South Korea, Vietnam, and Malaysia should intensify their efforts to promote cashless payments, emphasising remittance inflows, which have the most significant positive impact on economic growth. Thus, the country would benefit from a cashless economy.
format	Thesis
qualification_level	Bachelor degree
author	Rijal, Nur Aisyah
author_facet	Rijal, Nur Aisyah
author_sort	Rijal, Nur Aisyah
title	A study on cashless payments and its impact on economic growth/ Nur Aisyah Rijal
title_short	A study on cashless payments and its impact on economic growth/ Nur Aisyah Rijal
title_full	A study on cashless payments and its impact on economic growth/ Nur Aisyah Rijal
title_fullStr	A study on cashless payments and its impact on economic growth/ Nur Aisyah Rijal
title_full_unstemmed	A study on cashless payments and its impact on economic growth/ Nur Aisyah Rijal
title_sort	study on cashless payments and its impact on economic growth/ nur aisyah rijal
granting_institution	Universiti Teknologi MARA, Johor
granting_department	Faculty of Business and Management
publishDate	2021
url	https://ir.uitm.edu.my/id/eprint/106368/1/106368.pdf
_version_	1818588179492503552

A study on cashless payments and its impact on economic growth/ Nur Aisyah Rijal

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