Early warning of risks in cross-border mobile payments

Wu, Jiangong; Jiang, Nan; Wu, Zhelun; Jiang, Hongyan

doi:10.1016/j.procs.2021.02.121

Cited by 9 publications

(5 citation statements)

References 5 publications

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“…Existing studies on cross-border e-commerce risks are mostly carried out from risk early warning, risk element identification, and assessment. Wu et al [1] took Alipay as an example and conducted empirical research on risk early warning based on the establishment of a cross-border mobile payment risk early warning system. Du et al [2] analyzed the risk factors of cross-border e-commerce small-and medium-sized enterprises through mixed evaluation and ranking method and divided the priority of these risk factors.…”

Section: Introductionmentioning

confidence: 99%

Dual-Source Procurement Strategy of Cross-Border E-Commerce Supply Chain considering Members’ Risk Attitude

Zhao

Liu

Qian

et al. 2022

Security and Communication Networks

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The risk attitude of decision-makers will significantly affect the decision-making of enterprise risk management. Specifically, high risk represents the potential premise of high return for risk preference decision-makers, and for risk-averse decision-makers, the increase of risk degree will stimulate decision-makers’ aversion to uncertainty and turn to seek safer business strategies. Although there are many pieces of literature on the risk preference of decision-makers, they usually only assume the risk attitude of one party and rarely consider the risk attitude of suppliers and retailers in the scenario of cross-border e-commerce at the same time. Therefore, under the background of supply disruption, for the cross-border e-commerce supply chain composed of cross-border suppliers, overseas suppliers, overseas retailers, and consumers, combined with the risk attitude preference of enterprise subjects, this paper constructs the mean-variance model dominated by overseas retailers and reversely solves the risk-aversion attitude of a single cross-border supplier. When a single overseas retailer maintains a risk-aversion attitude and both cross-border suppliers and overseas retailers hold a risk-neutral or risk-aversion attitude, the pricing of products in different channels is analyzed. Finally, an example is given to analyze the impact of supply disruption probability, risk-aversion coefficient, channel distribution coefficient, and other parameters on purchase price, market demand, target profit, and utility. It is of great practical significance for improving the stability of cross-border e-commerce supply chain system and reducing revenue loss to study how different degrees of risk-aversion attitudes of cross-border suppliers and overseas retailers affect enterprise procurement pricing strategy, target profit, and utility in case of supply disruption.

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Section: Introductionmentioning

confidence: 99%

Dual-Source Procurement Strategy of Cross-Border E-Commerce Supply Chain considering Members’ Risk Attitude

Zhao

Liu

Qian

et al. 2022

Security and Communication Networks

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“…Extensive technological improvements have been the stimulus for the creation of a variety of choices in cross-border payment methods (Wu et al, 2021). However, implementation still needs to be improved regarding real-time remittances, global currency standards, and country regulations that are still adapting to new technologies.…”

Section: Not Onlymentioning

confidence: 99%

“…In this case, the security of consumer parties is not fully protected by most third-party platforms. From the consumer's perspective, mobile payments lack asset security protection (Wu et al, 2021). Therefore, combining regulatory-approved technology with legal tender will significantly facilitate cross-border payment systems and could be the banking sector's first step in digital transformation.…”

Section: Not Onlymentioning

confidence: 99%

Dynamic cross-border payment preferences: A qualitative study of Indonesian expatriates in Thailand and Malaysia

Kurniawan,

Achjari

2024

Banks and Bank Systems

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Along with the development of global digitalization, international financial transactions are also advancing. In response, Indonesia (Bank Indonesia) collaborated with Malaysia and Thailand by launching Local Currency Settlement (LCS) integrated with Quick Response (QR) codes to reduce the use of dollars in cross-border transactions. Therefore, this study aims to investigate the Indonesian customer (Indonesian expatriates) preferences for payment methods provided by Bank Indonesia, specifically in the context of facilitating cross-border transactions. The number of research participants was 50 Indonesian expatriates (36 in Thailand, 14 in Malaysia), who were purposefully selected based on the criteria of being Indonesian traveling, studying, or residing in Thailand and Malaysia while maintaining Indonesian bank accounts. To identify these preferences, this study uses qualitative research using the Analytic Hierarchy Process (AHP) method. Based on the Hierarchical analysis, the results show that the main alternatives in payment method preference in Thailand and Malaysia show that Visa is still the most dominant in cross-border transactions. Across hierarchical criteria, including trust, speed, usability, installment flexibility, timing, and offering interest-free installment plans, Visa consistently outperformed QR Codes and Cash. Nonetheless, it is essential to highlight that QR Codes scored the highest in the criteria of Ease of Use in Malaysia. While in Thailand, QR codes achieved the highest score in terms of cost-effectiveness.

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“…This is the system's scientific and technical dimension, which primarily relies on observation and prediction based on scientific expertise and advanced technologies such as mathematical modelling, remote sensing, etc. (Wu, et al, 2021). A significant amount of effort and resources have been invested on this characteristic, resulting in significant advances in EWS (Collins and Kapucu, 2008).…”

Section: Risk Forecasting and Evaluationmentioning

confidence: 99%

Functional characteristics of an early warning system to minimise the risks of dam breaks in Sri Lanka

Weerasinghe¹,

Thayaparan²,

Fernando³

2022

Proceedings of 10th World Construction Symposium 2022

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Dams have become a very important infrastructure that provides enormous benefits to the economy of the country. Even though dams are very important and significant structures within a country, their breaks can cause severe damage to the country’s economy, society, and environment. Other than that, it can be impacted human life by causing deaths. As a come-up strategy, early warning systems can be used to reduce the severe impacts of dam breaks. Early warning systems (EWS) have been identified as a very important tool used to save lives and properties from disasters. Hence, this paper attempts to identify the functional characteristics of an EWS that can be used to reduce the impacts of dam breaks in Sri Lanka. An extensive literature survey was conducted to achieve the primary objective of this paper. Accordingly, the paper has identified the major purposes of dams, the causes for the dam breaks, and the impacts of dam breaks on the economy, society, and the environment. Then, the paper explores the functional characteristics of the EWS which is used for dam breaks. Finally, a conceptual framework has been developed with the key literature findings of the paper in order to minimise the social, economic, and environmental impacts created by dam breaks using early warning systems in Sri Lanka. As such, this paper will be a value addition to support the country’s economy, society, as well as environment.

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Early warning of risks in cross-border mobile payments

Cited by 9 publications

References 5 publications

Dual-Source Procurement Strategy of Cross-Border E-Commerce Supply Chain considering Members’ Risk Attitude

Dual-Source Procurement Strategy of Cross-Border E-Commerce Supply Chain considering Members’ Risk Attitude

Dynamic cross-border payment preferences: A qualitative study of Indonesian expatriates in Thailand and Malaysia

Functional characteristics of an early warning system to minimise the risks of dam breaks in Sri Lanka

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