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Digital Payment Systems: Global Opportunities Still Waiting to be Unleashed

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  • Dr. Ali M. Al-Khouri

Abstract

Advances in the field of digital payment methods have fundamentally changed their operation. These technological progressions have helped bring safer, cheaper, more stable and all-inclusive payment systems to the world. This paper provides a brief overview of digital payment systems. It also argues that government identity managements systems have a potential role in supporting more trusted and secure digital payments. It relates this to a pilot project underway in the United Arab Emirates (UAE) that attempts to leverage its government identity management system to encourage wider participation in the national Wages Protection System (WPS).

Suggested Citation

  • Dr. Ali M. Al-Khouri, 2014. "Digital Payment Systems: Global Opportunities Still Waiting to be Unleashed," Business and Economic Research, Macrothink Institute, vol. 4(2), pages 136-148, December.
    • Handle: RePEc:mth:ber888:v:4:y:2014:i:2:p:136-148
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    File URL: http://www.macrothink.org/journal/index.php/ber/article/view/6296
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    References listed on IDEAS

    as
    1. Ali M. Al-Khouri, 2014. "Identity Management in the Retail Industry: The Ladder to Move to the Next Level in the Internet Economy," Journal of Finance and Investment Analysis, SCIENPRESS Ltd, vol. 3(1), pages 1-5.
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    More about this item

    Keywords

    Digital payments; Electronic payments; Financial systems; Identity management; Digital identity; Identification; Authentication;
    All these keywords.

    JEL classification:

    • R00 - Urban, Rural, Regional, Real Estate, and Transportation Economics - - General - - - General
    • Z0 - Other Special Topics - - General

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