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Indonesia has a large and diverse population, with highly uneven levels of development and a complex decentralized structure. This makes creating a long-term institutional framework and building connectivity infrastructure extremely challenging. The majority of the population is unbanked, and lacks access to fixed telephone lines or the country's limited banking services. Cashless payment systems such as credit cards are used by less than 10 per cent of the population. The use of ATM and debit cards is still limited, although inter-bank transfers have increased after the introduction of a recent mechanism allowing inter-operability between different banks and mobile network operators. With the rapid growth of mobile uptake, mobile money has the potential to grow but comes with various constraints. This research note argues that in this highly dynamic and fragmented market, analysis and development of cashless payment needs to look beyond masterplan reports, to investigate the more informal, decentralized, mobile-led development and frictions in non-cash payments. Keywords: Cashless, Indonesia, mobile, e-money, infrastructure., 1. Introduction Indonesia, with the world's fourth largest population (trailing behind China, India and the United States) is often eyed for its young demographics--nearly 60 per cent of its 250 [...]

INTRODUCTION Twenty years ago, Nicole Brown Simpson was brutally murdered. (1) Images of O.J. Simpson's criminal trial became ingrained in popular culture, (2) but the long history of domestic abuse [...]

Credit card debt is of increasing concern among college students, but reasons for it are not well understood. In a simulated shopping experiment based on a hyperbolic discounted utility model, 21 participants could either save money for a new model of their favorite mobile phone brand and get it in the future or buy the product on credit and get it now. Students were willing to pay a high interest charge (nearly 40%) rather than wait to save money and purchase the phone interest-free. These results were moderated by student experience with credit purchases. Those who did not normally use a credit card did not opt to buy the phone immediately on credit but preferred to delay purchase until the money was saved. These data demonstrate that in some cases immediate availability of a much-desired product such as a mobile phone may induce credit spending with extremely high interest rates. Key words: credit card use, college students, hyperbolic discounting, experimental study, In recent years, there has been a dramatic growth in credit card usage among university students (Lawrence et al., 2003; Manning, 1999; Nellie Mae, 2005). Furthermore, compulsive buying, defined as [...]

Research that has looked at the reasons why young individuals overspend using their credit cards has not paid attention to the perceptions that they have about important others' credit card [...]

Mainstream consumer thinking is analyzed to form opinions about consumer rights and individual responsibility in the context of credit card usage. Consumer opinions are shown to be instilled by an ideology that link consumption practices with a basic description of business, society, and state. Conflicting socio-historically shaped political myths within this ideology are investigated.

Researchers and educators are increasingly interested in how college students finance their education, as students are relying on student loans and credit cards more than ever before. Using a sample [...]

This research examines whether temporal orientation moderates the impact of compulsive buying tendencies (CBT) on credit card debt. Participants completed the consideration of future consequences scale, a compulsive buying scale, [...]

This paper introduces a novel family of indexes to describe borrowers' creditworthiness in retail credit products, both for fixed term loans and for open-ended products such as credit cards. Each index is the ratio at a given time of the net present value of actually received cashflows to the contractual ones. Some interpretations of the indexes are given and it is also described how to link them to the profitability of the credit financial operation. For open-ended products, a competing risks survival analysis methodology is proposed to estimate the cashflow returns and illustrated with a simulation. Journal of the Operational Research Society (2010) 61, 455-461. doi: 10.1057/jors.2009.68 Published online 29 July 2009 Keywords: credit scoring: retail credit; profitability; creditworthiness; fixed term credit product; revolving credit product

Partnership answers customer demand for more flexible rewards programs 25February 2019:One of Australia's most popular loyalty programs*, flybuys, and the world's largest credit card provider, Citi, have joined forces to [...]

Consumer financing have become increasingly important in the private sector of Pakistan for the last two decades. With the new reforms in the banking sector, the marketing of financial products [...]

A study was conducted to discuss empirical data that suggest that couples are becoming more individualized in their financial arrangements. Findings indicate that the effect of a couple's decision to keep their money separate in some households may be to create inequality between the partners.

CASE DESCRIPTION The primary subject matter of this case concerns the effect of the introduction of credit cards and debit cards on money demand. The objective is to allow students [...]

The Single Payment Euro Area (SEPA), which is to be implemented by 2010, will provide opportunities for removing unjustified restraints on merchants, encourage alternate suppliers of retail payments and price transparency. But some risks are involved and they are elaborated.

CASE DESCRIPTION The primary subject matter of this case concerns the effect of the introduction of credit cards and debit cards on money demand. The objective is to allow students [...]