Indicators of banks and economic indicators on non-cash payments in ASEAN-7 countries

Iswan Noor; Aminnullah Achmad Muttaqin; Silvi Asna Prestianawati; Muhammad Fawwaz; Amira Karina Putri; Rifqi Aqil Asyrof; Tsumma Lazuardini Imamia

doi:10.24294/jipd.v8i5.3360

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Indicators of banks and economic indicators on non-cash payments in ASEAN-7 countries

Iswan Noor

Aminnullah Achmad Muttaqin

Silvi Asna Prestianawati

Muhammad Fawwaz

Amira Karina Putri

Rifqi Aqil Asyrof

Tsumma Lazuardini Imamia

Journal of Infrastructure Policy and Development 2024, 8(5), 3360; https://doi.org/10.24294/jipd.v8i5.3360

Submitted：19 Nov 2023

Accepted：02 Jan 2024

Published：28 May 2024

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Abstract

This research explores the intricate relationship between digitalization, economic development, and non-cash payments in the ASEAN-7 countries over a ten-year period from 2011 to 2020. Focusing on factors such as commercial bank branches, broad money, and inflation, the study employs panel data regression analysis to investigate their impact on automated teller machine (ATM) usage. The findings reveal that commercial bank branches significantly influence ATM usage, emphasizing the role of accessibility, services, and technological preferences. Broad money also shows a significant impact on ATM transactions, reflecting the interplay between fund availability and non-cash transactions. However, inflation does not exhibit a direct influence on ATM usage. The research underscores the importance of maintaining service quality and security in the banking sector to enhance digital financial inclusion. Future research opportunities include exploring diverse non-cash payment methods and extending studies to countries with significant global economic impacts. This research contributes valuable insights to policymakers aiming to enhance digital financial inclusion policies, ultimately fostering economic growth through the digital economy in the ASEAN-7 region.

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References

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