Financial Technology as Payment Methods in the Digital Era

FinTech is defined as technological innovation in financial services that can produce business models, applications, processes, or products with material effects related to financial services provision. This study aims to analyze the impact of developing a digital payment system and prevent inflatio...

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Bibliographic Details
Main Authors: I Budiarti, F Hibatulloh, M Salman
Format: Article
Language:English
Published: Universitas Komputer Indonesia 2021-06-01
Series:International Journal of Research and Applied Technology
Subjects:
Online Access:http://ojs.unikom.ac.id/index.php/injuratech/article/view/5454
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author I Budiarti
F Hibatulloh
M Salman
author_facet I Budiarti
F Hibatulloh
M Salman
author_sort I Budiarti
collection DOAJ
description FinTech is defined as technological innovation in financial services that can produce business models, applications, processes, or products with material effects related to financial services provision. This study aims to analyze the impact of developing a digital payment system and prevent inflation due to a large amount of cash in circulation. The method used in this study is qualitative. Fintech technology is very beneficial for the community, especially in industrial revolution 4.0, where this digital payment system has advantages and disadvantages. The advantages are efficiency and safety, while the disadvantages are higher interest costs. This digital payment system can minimize inflation due to the large amount of money circulating in society.
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language English
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publisher Universitas Komputer Indonesia
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series International Journal of Research and Applied Technology
spelling doaj.art-e970b27f03cc48d3925529284623308c2022-12-22T04:28:10ZengUniversitas Komputer IndonesiaInternational Journal of Research and Applied Technology2810-06622807-72292021-06-011191610.34010/injuratech.v1i1.5454Financial Technology as Payment Methods in the Digital EraI Budiarti0F Hibatulloh1M Salman2Universitas Komputer IndonesiaUniversitas Komputer IndonesiaUniversitas Komputer IndonesiaFinTech is defined as technological innovation in financial services that can produce business models, applications, processes, or products with material effects related to financial services provision. This study aims to analyze the impact of developing a digital payment system and prevent inflation due to a large amount of cash in circulation. The method used in this study is qualitative. Fintech technology is very beneficial for the community, especially in industrial revolution 4.0, where this digital payment system has advantages and disadvantages. The advantages are efficiency and safety, while the disadvantages are higher interest costs. This digital payment system can minimize inflation due to the large amount of money circulating in society.http://ojs.unikom.ac.id/index.php/injuratech/article/view/5454applicationdigitaltechologypaymentfinancial
spellingShingle I Budiarti
F Hibatulloh
M Salman
Financial Technology as Payment Methods in the Digital Era
International Journal of Research and Applied Technology
application
digital
techology
payment
financial
title Financial Technology as Payment Methods in the Digital Era
title_full Financial Technology as Payment Methods in the Digital Era
title_fullStr Financial Technology as Payment Methods in the Digital Era
title_full_unstemmed Financial Technology as Payment Methods in the Digital Era
title_short Financial Technology as Payment Methods in the Digital Era
title_sort financial technology as payment methods in the digital era
topic application
digital
techology
payment
financial
url http://ojs.unikom.ac.id/index.php/injuratech/article/view/5454
work_keys_str_mv AT ibudiarti financialtechnologyaspaymentmethodsinthedigitalera
AT fhibatulloh financialtechnologyaspaymentmethodsinthedigitalera
AT msalman financialtechnologyaspaymentmethodsinthedigitalera