An overview of e-payment adoption among muslim micro-entrepreneurs in Malaysia
The electronic payment (e-payment) system has become an increasingly important payment system world-wide. Apart from improving the convenience, e-payment system also increases the efficiency in the delivery of financial services to “un-bankable” community, especially the micro-entrepreneurs. In M...
| Main Authors: | , |
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| Format: | Article |
| Language: | English |
| Published: |
Global Economic Excellence
2017
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| Subjects: | |
| Online Access: | http://irep.iium.edu.my/60131/ http://irep.iium.edu.my/60131/1/013%20Siti%20Aishah%20IJAFB.pdf |
| _version_ | 1848785436926803968 |
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| author | Mohamad, Siti Aisyah Kassim, Salina |
| author_facet | Mohamad, Siti Aisyah Kassim, Salina |
| author_sort | Mohamad, Siti Aisyah |
| building | IIUM Repository |
| collection | Online Access |
| description | The electronic payment (e-payment) system has become an increasingly important
payment system world-wide. Apart from improving the convenience, e-payment system also
increases the efficiency in the delivery of financial services to “un-bankable” community,
especially the micro-entrepreneurs. In Malaysia, the number of e-payments made per capita
has increased substantially from 14.3 transactions in 2003 to 82 transactions in 2015.
Realizing the increasing importance of e-payments, financial institutions including
microfinance institutions should play their roles in encouraging high adoption of e-payment
among the micro-entrepreneurs. Up to 2011, there are 645,136 small and medium enterprises
being established in Malaysia and of this, 77 per cent is categorized as micro-enterprises. By
targeting the micro- entrepreneurs, financial inclusion can be enhanced through adoption epayment
system. This study aims to analyze the e-payment services offered to the microenterprises
by reviewing the adoption of Muslim micro-entrepreneurs and providing
suggestions for the e-payment adoption. In achieving these objectives, the study reviews the
existing literature on the adoption of e-payments and highlights the related issues relating to
its adoption especially by the micro-entrepreneurs. The findings of this study are expected to
enrich the knowledge on the adoption of digital financial services, particularly the e-payment
and will be useful for the service providers to continuously improve their services. |
| first_indexed | 2025-11-14T16:53:07Z |
| format | Article |
| id | iium-60131 |
| institution | International Islamic University Malaysia |
| institution_category | Local University |
| language | English |
| last_indexed | 2025-11-14T16:53:07Z |
| publishDate | 2017 |
| publisher | Global Economic Excellence |
| recordtype | eprints |
| repository_type | Digital Repository |
| spelling | iium-601312017-12-15T09:01:00Z http://irep.iium.edu.my/60131/ An overview of e-payment adoption among muslim micro-entrepreneurs in Malaysia Mohamad, Siti Aisyah Kassim, Salina H Social Sciences (General) HG Finance HG3368 Islamic Banking and Finance The electronic payment (e-payment) system has become an increasingly important payment system world-wide. Apart from improving the convenience, e-payment system also increases the efficiency in the delivery of financial services to “un-bankable” community, especially the micro-entrepreneurs. In Malaysia, the number of e-payments made per capita has increased substantially from 14.3 transactions in 2003 to 82 transactions in 2015. Realizing the increasing importance of e-payments, financial institutions including microfinance institutions should play their roles in encouraging high adoption of e-payment among the micro-entrepreneurs. Up to 2011, there are 645,136 small and medium enterprises being established in Malaysia and of this, 77 per cent is categorized as micro-enterprises. By targeting the micro- entrepreneurs, financial inclusion can be enhanced through adoption epayment system. This study aims to analyze the e-payment services offered to the microenterprises by reviewing the adoption of Muslim micro-entrepreneurs and providing suggestions for the e-payment adoption. In achieving these objectives, the study reviews the existing literature on the adoption of e-payments and highlights the related issues relating to its adoption especially by the micro-entrepreneurs. The findings of this study are expected to enrich the knowledge on the adoption of digital financial services, particularly the e-payment and will be useful for the service providers to continuously improve their services. Global Economic Excellence 2017 Article PeerReviewed application/pdf en http://irep.iium.edu.my/60131/1/013%20Siti%20Aishah%20IJAFB.pdf Mohamad, Siti Aisyah and Kassim, Salina (2017) An overview of e-payment adoption among muslim micro-entrepreneurs in Malaysia. International Journal of Accounting, Finance and Business, 2 (5). pp. 49-59. E-ISSN 0128-1844 http://www.ijafb.com/PDF/IJAFB-2017-05-09-05.pdf |
| spellingShingle | H Social Sciences (General) HG Finance HG3368 Islamic Banking and Finance Mohamad, Siti Aisyah Kassim, Salina An overview of e-payment adoption among muslim micro-entrepreneurs in Malaysia |
| title | An overview of e-payment adoption among muslim micro-entrepreneurs in Malaysia |
| title_full | An overview of e-payment adoption among muslim micro-entrepreneurs in Malaysia |
| title_fullStr | An overview of e-payment adoption among muslim micro-entrepreneurs in Malaysia |
| title_full_unstemmed | An overview of e-payment adoption among muslim micro-entrepreneurs in Malaysia |
| title_short | An overview of e-payment adoption among muslim micro-entrepreneurs in Malaysia |
| title_sort | overview of e-payment adoption among muslim micro-entrepreneurs in malaysia |
| topic | H Social Sciences (General) HG Finance HG3368 Islamic Banking and Finance |
| url | http://irep.iium.edu.my/60131/ http://irep.iium.edu.my/60131/ http://irep.iium.edu.my/60131/1/013%20Siti%20Aishah%20IJAFB.pdf |