Financial Innovation in Digital Payment with WeChat towards Electronic Business Success

Tang, Yuk Ming; Chau, Ka Yin; Hong, Luchen; Ip, Yun Kit; Yan, Wan

doi:10.3390/jtaer16050103

Cited by 30 publications

(16 citation statements)

References 59 publications

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“…Integration of top organization teams’ behaviors has an optimistic impact on the organization’s orientation toward sustainability (Khokhar et al 2020 ; Fu et al 2021 ; Yumei et al 2021 ; HUANG et al 2022 ). Small- and medium-sized enterprises in developing economies typically have limited access to resources (Tang et al 2021a , b ; Rao et al 2022 ; Tang et al 2022b ). Many believe that investing in sustainable performance constitutes an unnecessary additional expense.…”

Section: Introductionmentioning

confidence: 99%

The impact of COVID-19 on small- and medium-sized enterprises (SMEs): empirical evidence for green economic implications

Razzaq

Waqas

2022

Environ Sci Pollut Res

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Small-and medium-sized enterprises (SMEs) in China have been hit hard by the coronavirus (COVID-19) outbreak, which has jeopardized their going out of business altogether. As a result, this research will shed light on the long-term impacts of COVID-19 lockdown on small businesses worldwide. The information was gathered through a survey questionnaire that 313 people completed. Analyzing the model was accomplished through the use of SEM in this investigation. Management and staff at SMEs worldwide provided the study's data sources. Research shows that COVID-19 has a significantly bad influence on profitability, operational, economic, and access to finance. In the study's findings, outside funding aids have played an important role in SMEs' skill to persist and succeed through technological novelty than in their real output. SME businesses, administrations, and policymakers need to understand the implications of this study's results.

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Section: Introductionmentioning

confidence: 99%

The impact of COVID-19 on small- and medium-sized enterprises (SMEs): empirical evidence for green economic implications

Razzaq

Waqas

2022

Environ Sci Pollut Res

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“…The research did not identify any factors relating to the security of digital wallets. [42] Analyze consumers' intention to utilize digital payment.…”

Section: Appendix Bmentioning

confidence: 99%

“…The level of security provided by a third-party online payment provider influences customer satisfaction [41]. In addition, Tang et al [42] found that service quality, perceived risk, perceived security, perceived simplicity of use, social influence, and compatibility all substantially impact on consumers' intention to utilize digital payment.…”

Section: Introductionmentioning

confidence: 99%

Customer Satisfaction with Digital Wallet Services: An Analysis of Security Factors

Muhtasim¹,

Tan²,

Hassan³

et al. 2022

IJACSA

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This study aimed to determine an efficient framework that caters to the security and consumer satisfaction for digital wallet systems. A quantitative online survey was carried out to test whether the six factors (i.e., transaction speed, authentication, encryption mechanisms, software performance, privacy details, and information provided) positively or negatively impact customer satisfaction. This questionnaire was divided into two sections: the respondents' demographic data and a survey on security factors that influence customer satisfaction. The questionnaires were distributed to the National University of Malaysia's professors and students. A sample of 300 respondents undertook the survey. The survey results suggested that many respondents agreed that the stated security factors influenced their satisfaction when using digital wallets. Previous studies indicated that financial security, privacy, system security, cybercrime, and trust impact online purchase intention. The proposed framework in this research explicitly covers the security factors of the digital wallet. This study may help digital wallet providers understand the customer's perspective on digital wallet security aspects, therefore motivating providers to implement appropriately designed regulations that will attract customers to utilize digital wallet services. Formulating appropriate security regulations will generate long-term value, leading to greater digital wallet adoption rates.

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“…In the current global economic slowdown, cyclical enterprises regularly need to adjust their business management strategies and manufacturing capabilities to develop sustainable development. FinTech and e-business are new, innovative approaches which have emerged in the past few years [3]. Sales management, strategic manufacturing management, and inventory management can help businesses realize scale economies, meet the balance of supply and demand, and prevent the demand and order cycle [4].…”

Section: Introductionmentioning

confidence: 99%

Integrated Smart Warehouse and Manufacturing Management with Demand Forecasting in Small-Scale Cyclical Industries

Tang

Lau

et al. 2022

Machines

Self Cite

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In the context of the global economic slowdown, demand forecasting, and inventory and production management have long been important topics to the industries. With the support of smart warehouses, big data analytics, and optimization algorithms, enterprises can achieve economies of scale, and balance supply and demand. Smart warehouse and manufacturing management is considered the culmination of recently advanced technologies. It is important to enhance the scalability and extendibility of the industry. Despite many researchers having developed frameworks for smart warehouse and manufacturing management for various fields, most of these models are mainly focused on the logistics of the product and are not generalized to tackle the specific manufacturing problem facing in the cyclical industry. Indeed, the cyclical industry has a key problem: the big risk which high sensitivity poses to the business cycle and economic recession, which is difficult to foresee. Despite many inventory optimization approaches being proposed to optimize the inventory level in the warehouse and facilitate production management, the demand forecasting technique is seldom focused on the cyclic industry. On the other hand, management approaches are usually based on the complex logistics process instead of integrating the inventory level of the stock, which is very crucial to composing smart warehouses and manufacturing. This research study proposed a digital twin framework by integrating the smart warehouse and manufacturing with the roulette genetic algorithm for demand forecasting in the cyclical industry. We also demonstrate how this algorithm is practically implemented for forecasting the demand, sustaining manufacturing optimization, and achieving inventory optimization. We adopted a small-scale textile company case study to demonstrate the proposed digital framework in the warehouse and demonstrate the results of demand forecasting and inventory optimization. Various scenarios were conducted to simulate the results for the digital twin. The proposed digital twin framework and results help manufacturers and logistics companies to improve inventory management. This study has important theoretical and practical significance for the management of the cyclical industry.

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Financial Innovation in Digital Payment with WeChat towards Electronic Business Success

Cited by 30 publications

References 59 publications

The impact of COVID-19 on small- and medium-sized enterprises (SMEs): empirical evidence for green economic implications

The impact of COVID-19 on small- and medium-sized enterprises (SMEs): empirical evidence for green economic implications

Customer Satisfaction with Digital Wallet Services: An Analysis of Security Factors

Integrated Smart Warehouse and Manufacturing Management with Demand Forecasting in Small-Scale Cyclical Industries

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