Use of E-Money and Debit Cards in Student Consumption Behavior

International Journal of Economics and Financial Issues, 2018

In the digital economy of Pakistan, banks and financial institutions are continuously engaged in efforts to launch new variants of plastic money. At present, the debit and credit cards are widely accepted, among other forms of plastic money, as convenient mode of payment in Pakistan. This increasing trend of debit/credit card usage is encouraging researchers to analyze the opinions of public regarding plastic card usage. This research undertaking highlights the consumer attitude towards usage of these cards in Karachi by considering demographic factors: income, education, age, and gender along with some attitudinal variables: perception of benefits and risks of plastic money. The data is gleaned through survey from the sample of 372 respondents of Karachi. The results reveal that monthly household income, education, and age do not have any significant impact on the plastic card usage. Moreover, the findings uncover that males are using plastic cards more frequently than females. The...

Pakistan Journal of Humanities and Social Sciences

The purpose of this study was to assess the usage patterns of credit/debit cards across various demographic characteristics and to check their association with factors like card usage preferences, financial conditions, budget control, and money shortage. A close-ended questionnaire was used to record demographic information and responses to assess the comparative use of debit/credit cards in urban and rural areas of Lahore and Kasur. The estimated sample size was 225 consumers. After cleaning of data, the final sample analyzed consisted of 200 subjects. The empirical analysis was done through SPSS. The result shows that gender, occupation, area, and income play a significant role in the different usage patterns of credit/debit cards at the time of purchase.

Granthaalayah, 2023

Digital payment, also called as electronic payment, is the transfer of money from one payment account to another using a digital device such as a mobile phone or a computer. In an increasingly cashless society, digital payments are the new norm, and they take place every single day all around the world. There are multiple benefits that digital payments bring to the table. Transactions performed through digital payment systems are faster, easier, and more convenient than carrying cash in hand or performing the banking transactions by visiting the branch physically. This means that more and more people feel comfortable transferring funds via electronic mediums, buying products online and investing digitally. Digital payment plays better role not only among the working-class people but also among younger generation. The method of digital transaction is used majorly by the younger generation, specifically the student community as they have better knowledge and access to digital devices. Therefore, this study attempted to examine the usage pattern of digital payment methods among the student community in Tiruchirappalli city of Tamil Nadu. The study focused on the socio-economic conditions of the respondents in relation to their awareness, frequency, and purpose of using digital payment methods for transactions. For this purpose, the researchers have collected primary data and has used statistical tools like percentage, growth rate and crosstabulation to analyze the data. The study found that male respondents used digital transactions more frequently than female respondents and also those in higher income group used the digital transaction method more frequently than those in lower income group.

2018

Nowadays, we can see that the usage of credit cards or 'plastic money' among Malaysians has become common, especially those people that always involved in trade. The surprising truth about credit card spending in Malaysia is as much as 8.21 Million numbers of credit cards in circulation in 2011 and there are 28.6 Million Malaysians. Thus, 1 in 3.48 Malaysians have a credit card in 2011. As an effort to profile credit card users in Malaysia, this paper seeks to explore preference of Malaysian bank customers to choose between Conventional and Islamic credit cards. The selection features are analyzed in terms of various factors, including the selection factors influenced by the credit cards‟ embedded features, the difference between the satisfaction and the loyalty level of Conventional Credit Card holders as compared to Islamic Credit Card holders and the customers‟ perceptions of Islamic Credit Card. The impact of credit cards is investigated through their usage as well as th...

Proceedings of 5th SCF International Conference on “Economics and Social Impacts of Globalization and Future European Union ” , 2018, 2018

Credit and debit cards have been used by many people for many years. It is accepted that usage of credit cards provides many benefits to economy. Therefore policy makers try to increase the usage of credit cards to reach economic targets. Thanks to establishment of new universities and increase in number of university students, banks started to give importance on university students in credit card market. The aim of this research is to reveal the factors affecting credit card usage of university students. To this aim we conducted a questionnaire in Kastamonu University Economics and Administrative Sciences Faculty. As a result of this research we found that behaviors of consumers (tendency to consumption and life style, economic rationality), trust to consumption, economic knowledge are affecting usage of credit cards. Classification: G21, E41, E42

International Finance and Banking, 2016

Technological developments have had an impact on all aspects of life including changes to existing payment systems. Electronic money (E-Money) is a non cash payment instrument in addition to credit cards and debit cards. E-money offers advantages over debit cards and credit cards that give the ease, speed, and efficiency. The issue discussed in this research covers the intensity of the use of e-money, the volume of transactions, preferences, and perceptions about the use of e-money at the Faculty of Economics, State University of Malang. This study used a qualitative approach. The findings showed that only a small portion of the respondents (17.07%) has already been used BRIZZI card as a means of payment. Majority of students simply do as much as 3-5 times transaction per month. The volume of transactions in using E-money is still low. Student preference to use BRIZZI is relatively small. Most of the respondents supported less cash society because they believe it will promote econom...

JURNAL EKONOMI DAN PERBANKAN SYARIAH

In the era of industrial revolution 4.0, technological developments made changes in the lifestyle of the modern generation. The purpose of this study was to analyze the perception of the use of electronic money, whether it supports the consumptive research of STEI SEBI students. The electronic money acceptance model in this study uses the Technology Acceptance Model (TAM), and the indicators used to measure the consumptive level of STEI SEBI students are indicators of consumptive behavior. The research used is descriptive-quantitative. The data used are primary data sent from questionnaires distributed to STEI SEBI students. The method of analysis in this study uses a simple regression analysis. The results of this study indicate that electronic money has a positive and significant influence on the consumptive students of STEI SEBI, users using high electronic money than making consumptive STEI SEBI students will also increase.Keywords: Technology Acceptance Model; Electronic Money;...

Journal of Interdisciplinary Cycle Research, 2021

With the advancement of technology and after a flurry of panic and confusion of Demonetisation, India has also moved towards a cashless economy. The emphasis on online transactions and other digital cash payment methods provide convenience and additional benefits to the consumer. To incentivize the citizens in moving towards a cashless economy, the Government and also the digital payment companies have come up with attractive discounts, offers and freebies on online transactions. Their easily targeted audience is the younger generation, especially the students, who love to get anything for free regardless of its economic value. The very thought of getting something for zero cost increases their willingness to spend more for the free good just because they receive more than what they actually paid for. Through this study we intend to study the preference patterns of University students from South Bangalore for digital payment methods over cash in their average daily spending trends, their attraction towards giveaways, to understand the issues of digital transactions faced by students within the campus and also suggest some possible measures for the same.

F1000Research

E-wallet is an application that enable users to download payment cards using a mobile device. It is a new trend for consumers to use an e-wallet application to replace the traditional payment method. With E-wallet, a user does not need to bring cash or a credit card along with them. It enables users to make purchases in a more convenient way. Hence, this research analyses the factors that affect university students’ intention to use e-wallet. The Technology Acceptance Model (TAM) serves as the theory underpinning this research A total of 140 respondents from a Malaysian private institution participated in this study. Convenience sampling was used to select samples, and respondents completed the questionnaire using a Google form and a paper and pencil approach. The questionnaire was created using a nominal scale and a five-point Likert scale. Descriptive analysis, reliability analysis, and multiple regression analyses were utilised to analyse the data in this study. Students, supervi...

2013

Purpose-The main purpose of this paper is to understand the attitude of Malaysian credit card holders towards spending and settlement behavior. It also attempts to highlight the effect of Islamic credit cards on the spending behavior of customers in comparison to that of conventional credit cards. Design/methodology/ approach-Data were collected using a structured questionnaire, distributed among the holders of conventional and Islamic credit card holders. A total of 200 questionnaires were distributed among the respondents in Klang Valley of Malaysia. The data collected were analyzed using Statistical Package for Social Science (SPSS). First, descriptive analyses were conducted followed by reliability tests and factor analysis. Findings-The findings of this research revealed that there is no effect of religion on the usage of credit card whether Islamic or conventional. Further, it is also found that conventional credit cards outweigh Islamic credit cards. It might be due the fact that Islamic credit cards are new compared to conventional counterpart. Research limitations/ implications-Given that this research is quantitative, there is a need to embark on in-depth study (qualitative) to understand the effect of credit cards on customers' spending behavior in much better way. Practical implications-The results of this study give clear indications that there is a great need for the Islamic banks to enhance their credit card marketing in terms of the benefits it offers to the customers, particularly, the consideration to avoid riba in the transactions.