Title of article
The Effects of Electronic Payment Systems on the Performance of the Financial Sector in Selected Islamic Countries
Author/Authors
Torki, Leila Department of Economics - University of Isfahan, Isfahan, Iran , Rezaei, Ahmadali Department of Economics - University of Isfahan, Isfahan, Iran , 𝑅𝑎𝑧𝑚𝑖, 𝐹𝑎𝑡𝑒𝑚𝑒ℎ Independent Researcher, Mashhad, Iran
Pages
9
From page
117
To page
125
Abstract
The present study investigates the effect of electronic payment systems on the performance of the financial sector in selected Islamic countries including Iran, Indonesia, Jordan, Kuwait, Malaysia, Egypt, Morocco, Oman, Saudi Arabia, Senegal, Turkey, and the United Arab Emirates. Reaching this purpose, the study uses annual panel data from 2011 until 2017. The results show that all electronic payment indicators including Mobile Bank, Internet Bank, Bank Card, POS machine and ATM positively and significantly affect the financial sector performance. It is also found that economic growth and population have a significant positive effect on financial sector performance, while inflation and interest rate negatively and significantly affect it.
Keywords
Electronic Payment Systems , Financial Sector , Selected Islamic Countries
Journal title
International Journal of New Political Economy
Serial Year
2020
Record number
2628872
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