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E-Wallet Transactional Framework for Digital Economy: A Perspective from Islamic Financial Engineering

Author

Listed:
  • Nashirah Abu Bakar

    (Islamic Business School, College of Business, Universiti Utara Malaysia, Malaysia)

  • Sofian Rosbi

    (School of Mechatronic Engineering, Universiti Malaysia Perlis, Malaysia)

  • Kiyotaka Uzaki

    (Faculty of Economics, Oita University, Japan)

Abstract

The development of electronic wallet (e-wallet) aims to encourage customers and small business owners to use digital payments for a safer, cashless, and efficient transaction. This study developed a procedure to discover the transactional framework for the e-wallet payment system in the digital economy. This study explained the procedure of the transaction process, starting from registration of user and service provider, payment composition and profit generation for the business model of e-wallet provider. This study provides a precise and reliable analysis to increase public awareness about the e-wallet transaction. At the same time, the framework in this study functions to help small and medium industries grow in the digital economy segments.

Suggested Citation

  • Nashirah Abu Bakar & Sofian Rosbi & Kiyotaka Uzaki, 2020. "E-Wallet Transactional Framework for Digital Economy: A Perspective from Islamic Financial Engineering," International Journal of Management Science and Business Administration, Inovatus Services Ltd., vol. 6(3), pages 50-57, March.
    • Handle: RePEc:mgs:ijmsba:v:6:y:2020:i:3:p:50-57
    DOI: 10.18775/ijmsba.1849-5664-5419.2014.63.1005
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    References listed on IDEAS

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    1. Nashirah Abu Bakar & Sofian Rosbi & Kiyotaka Uzaki, 2017. "Cryptocurrency Framework Diagnostics from Islamic Finance Perspective: A New Insight of Bitcoin System Transaction," International Journal of Management Science and Business Administration, Inovatus Services Ltd., vol. 4(1), pages 19-28, November.
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    More about this item

    Keywords

    Electronic Wallet; Digital Cash; Framework; E-Wallet; Islamic Financial Engineering;
    All these keywords.

    JEL classification:

    • M00 - Business Administration and Business Economics; Marketing; Accounting; Personnel Economics - - General - - - General

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