International Journal of New Political Economy

Current Issue

By Issue

By Author

By Subject

Author Index

Keyword Index

About Journal

Aims and Scope

Editorial Board

Publication Ethics

Indexing and Abstracting

Related Links

FAQ

Peer Review Process

News

The Effects of Electronic Payment Systems on the Performance of the Financial Sector in Selected Islamic Countries

,

Document Type : Original Article

Abstract

This study investigates the effect of electronic payment system on the performance of the financial sector in selected Islamic countries including Iran, Indonesia, Jordan, Kuwait, Malaysia, Egypt, Morocco, Oman, Saudi Arabia, Senegal, Turkey, and the United Arab Emirates. Reaching this purpose, the study uses annual panel data from 2011 until 2017. The results show that all electronic payment indicators including Mobile Bank, Internet Bank, Bank Card, POS machine and ATM positively and significantly affect the financial sector performance. It is also found that economic growth and population have a significant positive effect on financial sector performance. Inflation aKey Words: Electronic Payment Systems, Financial Sectornd interest rate negatively and sigThis study investigates the effect of electronic payment system on the performance of the financial sector in selected Islamic countries including Iran, Indonesia, Jordan, Kuwait, Malaysia, Egypt, Morocco, Oman, Saudi Arabia, Senegal, Turkey, and the United Arab Emirates. Reaching this purpose, the study uses annual panel data from 2011 until 2017. The results show that all electronic payment indicators including Mobile Bank, Internet Bank, Bank Card, POS machine and ATM positively and significantly affect the financial sector performance. It is also found that economic growth and population have a significant positive effect on financial sector performance. Inflation aKey Words: Electronic Payment Systems, Financial Sectornd interest rate negatively and significantly affect the financial sector performance.nificantly affect the financial sector performance.

Keywords

References
Abasgholipor, M. (1389). Factors affecting the performance of banks.Bank &Eghtesad, Vol 106. (In Persian).
Copper, E. (1992). Provision of electronic banking in the UK and the Republic of Ireland. International Journal of Bank Marketing, 7(2): 72 – 82.
Harelimana, J. (2018). The Role of Electronic Payment System on the Financial Performance of Financial Institutions in Rwanda, Global Journal of Management and Business Research: C Finance, 18(1), Double Blind Peer Reviewed International Research Journal Publisher: Global Journals Online ISSN: 2249-4588 & Print ISSN: 0975-5853.
Ken (2013). Analysis of non-performing loan of Equity Bank in Kenya.Microfinance gate, 13, 96-107.
Rieva.O. (2000). Loan and credits instruments, 4th Ed. Moodies services London.
Lerner, K., Herishik, W. W. (1997). Internet banking: Developments and prospects. Economic and policy analysis, working paper, Centre for Information Policy Research, Harvard University, New York.
Oliver (2000). Macroeconomic factors and economic growth in Ethiopia, University of Daresalam.
 Ojlari, T. (2014). Electronic banking as an aid to commercial bank operations in Nigeria. Research project submitted to the Department of Banking and Finance, Caritas University, Amorji – Nike, Enugu.
Jenevive, O. and Anyanwaokoro, M. (2017). Electronic Payment Methods and Profitability of Banking Firms in Nigeria: A Panel Data Analysis", International Journal of Finance and Accounting, 6(3): 67-74.
Mazini, A. and Hozori, A. (1396). Evaluating the Effect of Electronic Banking Expansion on Reducing Operating Costs of the Banking System.19: 29-54. (In Persian).
Nahidi, M., Mehrban, A. and Aminilari, M. (1386). Review of various electronic payment methods in Iran and operational mechanisms provided by banks in this field. First International Conference on Electronic Banking.(In Persian).
Narval, C. and Gindal, G. (2015). Impact of information and communication technology on the banking sector. A case study of Access Bank, Enugu. Research project submitted to the Department of Banking and Finance, Caritas University, Amorji – Nike, Enugu.
Rahimi, N. (1396). The Effects of Electronic Banking Services on the Performance of Banks (Total Iranian Banks in the Country). Eleventh National Congress of Pioneers of Progress.In Persian.
Westerfield and Jatte (1996). Operations management and efficiency: Lesson leant from Indonesia, Cape Town University, 10-27.
William (1997). The role of management and decision making on business sustainability. Universite de Lavele. Quebec: 91-120.
 
International Journal of New Political Economy
Volume 1, Issue 1 - Serial Number 1
January 2020
Pages 113-121
Files
History
  • Receive Date: 11 May 2019
  • Revise Date: 26 August 2019
  • Accept Date: 18 September 2019
Share
How to cite
Statistics