Innovation in cashless payment instruments can lead to complications in the use of quantity targets in monetary control. The empirical study found that the presence of non-cash payment instruments using cards can replace the role of cash payment instruments in economist transactions in Indonesia. The growth of electronic money when viewed on a monthly basis is much faster than the growth of debit and credit card cards, a monthly increase of electronic money can reach 70% −100%, while debit and credit card cards only grow in the range of 20%. This study aims to analyze the design of e-money, as well as provide some development ideas that must be done related to the implementation of e-money.
DOI: https://doi.org/10.1109/inapr.2018.8627055
Publish Year: 2018
