Future Journal of Social Science
Abstract
This paper is mainly concerned with showing most of the economic aspects related to both banking transactions, payments, and eventually the payment systems and their development. The economic aspects are discussed on both the macroeconomic and the microeconomic one as well. The discussion in the paper also covers the economic implications of the payment systems and the economic rationale behind their development. The paper has concluded that the economic need of the financial market is the main driver behind the development of payment systems. They also serve as outcomes concerning the well-functioning of the financial market. Thus, the technological development of payment systems is more of a means to achieve market needs rather than an automatic process that is purely driven by continuous technological updates.
Recommended Citation
Mekawy, Heba
(2022)
"Development of the Payment Systems: An Economic Need or a Technological Deed,"
Future Journal of Social Science: Vol. 1:
Iss.
2, Article 4.
Available at:
https://digitalcommons.aaru.edu.jo/fjss/vol1/iss2/4
Included in
Communication Commons, Economics Commons, Feminist, Gender, and Sexuality Studies Commons, History Commons, Philosophy Commons, Political Science Commons, Psychology Commons, Public Affairs, Public Policy and Public Administration Commons, Race, Ethnicity and Post-Colonial Studies Commons, Religion Commons