Examining the Relationship between National Cybersecurity Commitment, Culture, and Digital Payment Usage: An Institutional Trust Theory Perspective

Ben Krishna (), Satish Krishnan () and M. P. Sebastian ()
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Ben Krishna: Indian Institute of Management Kozhikode
Satish Krishnan: Indian Institute of Management Kozhikode
M. P. Sebastian: Indian Institute of Management Kozhikode

Information Systems Frontiers, 2023, vol. 25, issue 5, No 5, 1713-1741

Abstract: Abstract Cyberattacks can be considered one of the fundamental challenges that paralyze the progress of digital payment usage (DPU) progress among citizens, as consumers shun away from using digital banking services due to increased concern over information security. National Cybersecurity Commitment (NCSC) has emerged as a preventive cybersecurity mechanism for countries to tackle such cybersecurity threats. Previous studies have shown that a country's NCSC positively impacts the business and economy of the country. This study examines the effect of NCSC on digital payment usage (DPU) across nations by grounding our discussion on the institutional trust theory. As trusting belief in security measures is a culturally embedded characteristic, we also examine the moderating role of national culture through Hofstede’s cultural dimensions. We use multilevel models to analyze publicly available archives of repeated cross-sectional data covering 76 countries to test the proposed relationships. Our findings indicate that NCSC has a positive influence on DPU. Further, our results highlight that the relationship between NCSC and DPU in a country is contingent on cultural dimensions. Overall, the evidence suggests that a competent cybersecurity environment compatible with cultural values can influence the speedy diffusion of digital payments in a country. Implications of our findings for research and practice are also discussed.

Keywords: Cybersecurity commitment; Digital payment; Preventive security; National culture; Institutional trust (search for similar items in EconPapers)
Date: 2023
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DOI: 10.1007/s10796-022-10280-7

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