Digitalisation and financial inclusion of lower middle-income ASEAN

Ong, Hway‐Boon; Wasiuzzaman, Shaista; Chong, Lee Lee; Choon, Shay-Wei

doi:10.1016/j.heliyon.2023.e13347

Cited by 9 publications

(3 citation statements)

References 37 publications

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“…Seiring berlajannya waktu, live streaming digunakan untuk melakukan belanja online yang menciptakan menciptakan lingkungan virtual yang mendukung interaksi, hiburan, kegiatan sosial, dan perdagangan secara real-time. Kehadiran live streaming membawa dampak besar pada perusahaan untuk melakukan proses digitalisasi dalam proses bisnis seperti rapat digital, tata kelola digital, streaming langsung untuk melakukan komunikasi bisnis (Ong et al, 2023). Kehadiran live streaming memainkan peran penting dalam konteks belanja online, pelanggan tidak hanya berinteraksi dengan penyiar tetapi juga dengan pemirsa lain di ruang virtual.…”

Section: Fitur Live Streamingunclassified

Analysis of the Role of Digital Business Communication with Live Streaming Features in Shaping Consumer Attitudes, Interests and Trust

Herlina,

Wilujeng

2024

FJAS

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Live streaming communication is real-time online communication through comments, emojis and videos. The aim of the research is to determine public perceptions about the role of live streaming digital business communication in shaping consumer attitudes, interests and beliefs. Descriptive quantitative and qualitative phenomenological research methods. The research results concluded that live streaming digital business communication is able to increase consumer attitudes, interest and confidence in shopping online because live streaming has a traditional or face-to-face communication concept, thereby reducing the risk of fraud compared to digital businesses that only rely on photos, comments and videos. Therefore, live streaming can be an effective and efficient marketing medium in explaining product information in real-time which can attract consumers to establish communication so that it can increase consumer attitudes, interest and trust.

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Section: Fitur Live Streamingunclassified

Analysis of the Role of Digital Business Communication with Live Streaming Features in Shaping Consumer Attitudes, Interests and Trust

Herlina,

Wilujeng

2024

FJAS

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“…Furthermore, it can enhance transparency, operational efficiency, and resilience within the financial sector, while concurrently mitigating the associated costs and risks of financial transactions. These advancements, in turn, can catalyze economic growth, foster competitive dynamics, and stimulate innovation (Ong et al, 2023).…”

Section: Finance Digitization In Llmicsmentioning

confidence: 99%

Finance Digitization in Low- and Lower-Middle-Income Countries: An Empirical Investigation and Prediction of Future Outcomes

Daodu,

Bhaumik

2023

Preprint

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Previous studies have suggested that digitization of finance leads to growth in the economy in several middle- and high-income countries, but research in low- and lower-middle-income countries (LLMICs) remains limited. This research aimed to examine the trends, barriers, relationships, and prospects of finance digitization in LLMICs. This study used analytical and descriptive cross-sectional study designs. Sixty-six countries were purposively selected based on the available data on the Global Findex and the World Development Indicators databases. Descriptive analysis was used to identify the trends in the finance digitization indicators, correlation analysis was used to assess the nature of the association between finance digitization and the economy, and exponential smoothing was used to predict future outcomes in digital finance. The results indicated that the adoption and utilization of finance digitization increased in these countries, but the growth rates varied by region and income group. Low-income countries reported the highest rates of subscriptions to digital finance accounts and storing money in digital accounts, while lower-middle-income countries (LMICs) reported higher rates of inbound/outbound digital transactions, borrowings, and savings using digital channels. Sub-Saharan Africa reported the highest rates of digital finance account subscriptions, digital savings, and digital borrowings, while Europe and Central Asia reported the highest rates of in/out digital transactions. Barriers to digitization in these countries included poor access to the internet, high cost of digital finance products, and lack of a mobile phone, with low-income countries facing more challenges. The analysis revealed a negative significant relationship between finance digitization and Gross National Income growth and a positive significant correlation between finance digitization and other economic growth indicators (gross savings and Gross Domestic Product). Finance digitization was predicted to continue to rise in these countries for the next decade. The study recommended that policymakers should promote the adoption of digital finance and address the barriers and risks of finance digitization in LLMICs, as it had positive effects on economic growth.

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“…Financial inclusion is the result of users' accessibility to financial services. The increase in mobile device users indicates a surge in digitally savvy consumers' usage of digitised services (Ong et al, 2023). Financial inclusion (FI) refers to the presence, accessibility, and utilization of financial services for all people (Sheng et al, 2022).…”

Section: Literature Reviewmentioning

confidence: 99%

The Relationship of Financial Literacy and Financial Inclusion in Attracting Student Interest to Become Customers Syariah Banking

Astuti

2023

JAFM

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The presence of students in the world of Islamic banking as a young generation provides an opportunity for banks to continue to exist in the midst of existing competition. This study investigates how the influence of financial literacy and Islamic financial inclusion in attracting customer interest from among students. This research uses a type of quantitative research with statistical data. The number of respondents was 144 respondents who were students of the Islamic banking study program at the Parepare State Islamic Institute and Parepare Muhammadiyah University. Data analysis technique is a process used to manage research results in order to obtain a conclusion. Statistics is knowledge about data collection, data classification, data presentation, data management, drawing conclusions and making decisions based on certain problems. one sample t test, multiple linear regression test. Partial Test (t test), Simultaneous F Test and Coefficient of Determination Test. The results of the Financial Literacy research show that from the sample calculation values above, it is found that the average financial literacy is 43.2% of what is expected. Thus financial literacy is in the good category. Financial inclusion, shows that from the sample calculation value above, it is found that the average financial inclusion = 28.8% is in the good category. Interest in Using Islamic Financial Institutions, shows that from the sample calculation value above it is found that the average financial literacy is 21.6% of what is expected. The correlation coefficient is 0.804 with a significance of 0.000. Because the significance is 0.000 <0.05, Ho is rejected and H1 is accepted. This means that there is a positive and significant relationship between financial literacy and inclusion on the interest of Islamic Banking students at IAIN Parepare and Muhammadiyah Parepare University. The effect of financial literacy and inclusion on student interest in using Islamic financial institutions is 0.804. The calculated F-value is 62,932 with a significance level of 0.000. Because the P-Value <0.05, Ho is rejected or in other words the coefficients β1 and β2 affect Y together so that it can be said that the regression model.

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Digitalisation and financial inclusion of lower middle-income ASEAN

Cited by 9 publications

References 37 publications

Analysis of the Role of Digital Business Communication with Live Streaming Features in Shaping Consumer Attitudes, Interests and Trust

Analysis of the Role of Digital Business Communication with Live Streaming Features in Shaping Consumer Attitudes, Interests and Trust

Finance Digitization in Low- and Lower-Middle-Income Countries: An Empirical Investigation and Prediction of Future Outcomes

The Relationship of Financial Literacy and Financial Inclusion in Attracting Student Interest to Become Customers Syariah Banking

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