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

    Authors

    • Leila Torki 1
    • Ahmadali Rezaei 2
    • Seyedeh Fatemeh Razmi 3

    1 Assistant Professor, Department of Economics, University of Isfahan, Iran

    2 M.A in Economics, University of Isfahan, Iran

    3 PhD, Economics, University Putra Malaysia, Malaysia

,

Document Type : Original Article

10.29252/jep.1.1.113
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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

  • Key Words: Electronic Payment Systems
  • Financial Sector
  • Selected Islamic Countries
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References
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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.
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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.
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International Journal of New Political Economy
Volume 1, Issue 1 - Serial Number 1
January 2020
Pages 113-121
Files
  • XML
  • PDF 493.99 K
History
  • Receive Date: 11 May 2019
  • Revise Date: 26 August 2019
  • Accept Date: 18 September 2019
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How to cite
  • RIS
  • EndNote
  • Mendeley
  • BibTeX
  • APA
  • MLA
  • HARVARD
  • VANCOUVER
Statistics
  • Article View: 1,311
  • PDF Download: 2,050

APA

Torki, L., Rezaei, A., & Razmi, S. F. (2020). The Effects of Electronic Payment Systems on the Performance of the Financial Sector in Selected Islamic Countries. International Journal of New Political Economy, 1(1), 113-121. doi: 10.29252/jep.1.1.113

MLA

Leila Torki; Ahmadali Rezaei; Seyedeh Fatemeh Razmi. "The Effects of Electronic Payment Systems on the Performance of the Financial Sector in Selected Islamic Countries". International Journal of New Political Economy, 1, 1, 2020, 113-121. doi: 10.29252/jep.1.1.113

HARVARD

Torki, L., Rezaei, A., Razmi, S. F. (2020). 'The Effects of Electronic Payment Systems on the Performance of the Financial Sector in Selected Islamic Countries', International Journal of New Political Economy, 1(1), pp. 113-121. doi: 10.29252/jep.1.1.113

VANCOUVER

Torki, L., Rezaei, A., Razmi, S. F. The Effects of Electronic Payment Systems on the Performance of the Financial Sector in Selected Islamic Countries. International Journal of New Political Economy, 2020; 1(1): 113-121. doi: 10.29252/jep.1.1.113

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