Adoption of electronic payment system in Islamic microfinance institutions

Advancements in technology have affected financial services all over the world including in Malaysia. As the financial service industry is now dealing with the electronic payment (epayment) system, the paper-based retail payment system is considered costly, time-consuming and inefficient. The e-p...

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Main Authors:	Mohamad, Siti Aishah, Kassim, Salina
Format:	Conference or Workshop Item
Language:	English
Published:	Institute for Strategic and Sustainable Accounting Development (ISSAD), Universiti Utara Malaysia (UUM) 2017
Subjects:	H Social Sciences (General) HG3368 Islamic Banking and Finance T10.5 Communication of technical information
Online Access:	http://irep.iium.edu.my/65446/ http://irep.iium.edu.my/65446/ http://irep.iium.edu.my/65446/7/65446%20Adoption%20of%20Electronic%20Payment%20System.pdf

id	iium-65446
recordtype	eprints
spelling	iium-654462018-09-18T00:44:49Z http://irep.iium.edu.my/65446/ Adoption of electronic payment system in Islamic microfinance institutions Mohamad, Siti Aishah Kassim, Salina H Social Sciences (General) HG3368 Islamic Banking and Finance T10.5 Communication of technical information Advancements in technology have affected financial services all over the world including in Malaysia. As the financial service industry is now dealing with the electronic payment (epayment) system, the paper-based retail payment system is considered costly, time-consuming and inefficient. The e-payment system fills in the gap of the traditional payment system by providing efficient and affordable services. Financial institutions, particularly Islamic micro-finance institutions (IMFIs) are prompted to implement the e-payment system due to the strengths of this system. Micro-enterprises can create huge potential by implementing the system which is able to give a big impact to the financial services industry in Malaysia. However, not many studies have highlighted the adoption of e-payment among IMFIs. This study aims to analyse the e-payment services offered by IMFIs by reviewing and identifying the issues and challenges in adopting the system. It also provides suggestions for the improvement of e-payment adoption by the IMFIs. A critical review of previous studies was conducted to achieve these aims. The result is expected to contribute to the enrichment of knowledge in digital financial services and will be useful for IMFIs to continuously improve their services. Institute for Strategic and Sustainable Accounting Development (ISSAD), Universiti Utara Malaysia (UUM) 2017 Conference or Workshop Item PeerReviewed application/pdf en http://irep.iium.edu.my/65446/7/65446%20Adoption%20of%20Electronic%20Payment%20System.pdf Mohamad, Siti Aishah and Kassim, Salina (2017) Adoption of electronic payment system in Islamic microfinance institutions. In: 4th International Conference on E-Commerce (ICoEC) 2017, 18-20th September 2017, Putrajaya, Malaysia. http://icoec.my/download/icoec_2017/ICoEC2017_136.pdf
repository_type	Digital Repository
institution_category	Local University
institution	International Islamic University Malaysia
building	IIUM Repository
collection	Online Access
language	English
topic	H Social Sciences (General) HG3368 Islamic Banking and Finance T10.5 Communication of technical information
spellingShingle	H Social Sciences (General) HG3368 Islamic Banking and Finance T10.5 Communication of technical information Mohamad, Siti Aishah Kassim, Salina Adoption of electronic payment system in Islamic microfinance institutions
description	Advancements in technology have affected financial services all over the world including in Malaysia. As the financial service industry is now dealing with the electronic payment (epayment) system, the paper-based retail payment system is considered costly, time-consuming and inefficient. The e-payment system fills in the gap of the traditional payment system by providing efficient and affordable services. Financial institutions, particularly Islamic micro-finance institutions (IMFIs) are prompted to implement the e-payment system due to the strengths of this system. Micro-enterprises can create huge potential by implementing the system which is able to give a big impact to the financial services industry in Malaysia. However, not many studies have highlighted the adoption of e-payment among IMFIs. This study aims to analyse the e-payment services offered by IMFIs by reviewing and identifying the issues and challenges in adopting the system. It also provides suggestions for the improvement of e-payment adoption by the IMFIs. A critical review of previous studies was conducted to achieve these aims. The result is expected to contribute to the enrichment of knowledge in digital financial services and will be useful for IMFIs to continuously improve their services.
format	Conference or Workshop Item
author	Mohamad, Siti Aishah Kassim, Salina
author_facet	Mohamad, Siti Aishah Kassim, Salina
author_sort	Mohamad, Siti Aishah
title	Adoption of electronic payment system in Islamic microfinance institutions
title_short	Adoption of electronic payment system in Islamic microfinance institutions
title_full	Adoption of electronic payment system in Islamic microfinance institutions
title_fullStr	Adoption of electronic payment system in Islamic microfinance institutions
title_full_unstemmed	Adoption of electronic payment system in Islamic microfinance institutions
title_sort	adoption of electronic payment system in islamic microfinance institutions
publisher	Institute for Strategic and Sustainable Accounting Development (ISSAD), Universiti Utara Malaysia (UUM)
publishDate	2017
url	http://irep.iium.edu.my/65446/ http://irep.iium.edu.my/65446/ http://irep.iium.edu.my/65446/7/65446%20Adoption%20of%20Electronic%20Payment%20System.pdf
first_indexed	2023-09-18T21:32:52Z
last_indexed	2023-09-18T21:32:52Z
_version_	1777412627236913152

Adoption of electronic payment system in Islamic microfinance institutions

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