Can E-Payment Systems Revolutionize Finance of the Less Developed Countries? The Case of Mobile Payment Technology
Technological progress in mobile industry makes mobile phones the most adopted technology of the last decade by the rich as well as poor. Mobile phones were at first intended for voice communication; nowadays they are used for sending and receiving information and they provide many advanced service...
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| Format: | Article |
| Language: | English |
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EconJournals
2011-05-01
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| Series: | International Journal of Economics and Financial Issues |
| Online Access: | http://mail.econjournals.com/index.php/ijefi/article/view/5 |
| _version_ | 1797920907564417024 |
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| author | Helmi Hamdi |
| author_facet | Helmi Hamdi |
| author_sort | Helmi Hamdi |
| collection | DOAJ |
| description |
Technological progress in mobile industry makes mobile phones the most adopted technology of the last decade by the rich as well as poor. Mobile phones were at first intended for voice communication; nowadays they are used for sending and receiving information and they provide many advanced services to their users. Recent generation of mobile phones allows consumers to carry out transactions in the real and the virtual world by the use of mobile devices through mobile network. It is done by using mobile device such as Cell phone or PDA which is connected to payment access using mobile operator network. The aim of this paper is to analyze the technological evolution of mobile phones and to identify the macroeconomic consequences of their introduction into the financial sector.
Keywords: E-payment system; Mobile payments; Financial exclusion; Economic growth
JEL Classifications: G21; O30; R11
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| first_indexed | 2024-04-10T14:08:23Z |
| format | Article |
| id | doaj.art-1622b92177ed441d82acb1066fdfae5f |
| institution | Directory Open Access Journal |
| issn | 2146-4138 |
| language | English |
| last_indexed | 2024-04-10T14:08:23Z |
| publishDate | 2011-05-01 |
| publisher | EconJournals |
| record_format | Article |
| series | International Journal of Economics and Financial Issues |
| spelling | doaj.art-1622b92177ed441d82acb1066fdfae5f2023-02-15T16:09:51ZengEconJournalsInternational Journal of Economics and Financial Issues2146-41382011-05-0112Can E-Payment Systems Revolutionize Finance of the Less Developed Countries? The Case of Mobile Payment TechnologyHelmi Hamdi Technological progress in mobile industry makes mobile phones the most adopted technology of the last decade by the rich as well as poor. Mobile phones were at first intended for voice communication; nowadays they are used for sending and receiving information and they provide many advanced services to their users. Recent generation of mobile phones allows consumers to carry out transactions in the real and the virtual world by the use of mobile devices through mobile network. It is done by using mobile device such as Cell phone or PDA which is connected to payment access using mobile operator network. The aim of this paper is to analyze the technological evolution of mobile phones and to identify the macroeconomic consequences of their introduction into the financial sector. Keywords: E-payment system; Mobile payments; Financial exclusion; Economic growth JEL Classifications: G21; O30; R11 http://mail.econjournals.com/index.php/ijefi/article/view/5 |
| spellingShingle | Helmi Hamdi Can E-Payment Systems Revolutionize Finance of the Less Developed Countries? The Case of Mobile Payment Technology International Journal of Economics and Financial Issues |
| title | Can E-Payment Systems Revolutionize Finance of the Less Developed Countries? The Case of Mobile Payment Technology |
| title_full | Can E-Payment Systems Revolutionize Finance of the Less Developed Countries? The Case of Mobile Payment Technology |
| title_fullStr | Can E-Payment Systems Revolutionize Finance of the Less Developed Countries? The Case of Mobile Payment Technology |
| title_full_unstemmed | Can E-Payment Systems Revolutionize Finance of the Less Developed Countries? The Case of Mobile Payment Technology |
| title_short | Can E-Payment Systems Revolutionize Finance of the Less Developed Countries? The Case of Mobile Payment Technology |
| title_sort | can e payment systems revolutionize finance of the less developed countries the case of mobile payment technology |
| url | http://mail.econjournals.com/index.php/ijefi/article/view/5 |
| work_keys_str_mv | AT helmihamdi canepaymentsystemsrevolutionizefinanceofthelessdevelopedcountriesthecaseofmobilepaymenttechnology |