Cyberspace Enhanced Payment Systems in the Zimbabwean Retail Sector: Opportunities and Threats

Ishmael Mugari
Additional contact information
Ishmael Mugari: Bindura University of Science Education, 1020 Chimurenga Road, Bindura, Republic of Zimbabwe.

International Journal of Economics and Financial Issues, 2017, vol. 7, issue 3, 760-767

Abstract: The cyberspace has revolutionised payment systems across the globe. The retail sector has also embraced cyberspace enhanced payment systems as an alternative or compliment to the conventional cash based payment systems. Whilst the cyberspace has brought positive results to the business environment, new criminal threats have also evolved. This study sought to explore the nature of cyberspace enhanced payment systems for the retail sector in Zimbabwe, as well as to document the nature of cyber threats to this sector. It was found out that use of debit cards, mobile money transfers and real time gross (RTGS) transactions top the list of cyberspace enhanced payment systems in the Zimbabwean retail sector. Dominant cyber threats to the retail sector include infection of computers with viruses and unauthorised access, whilst debit card fraud and fraudulent RTGS transactions infrequently occur in the Zimbabwean retail sector.

Keywords: Cybercrime; E-payments; Payment Fraud (search for similar items in EconPapers)
JEL-codes: E42 L81 (search for similar items in EconPapers)
Date: 2017
References: View references in EconPapers View complete reference list from CitEc
Citations:

Downloads: (external link)
http://www.econjournals.com/index.php/ijefi/article/download/4988/pdf (application/pdf)
http://www.econjournals.com/index.php/ijefi/article/view/4988/pdf (text/html)

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:eco:journ1:2017-03-97

Access Statistics for this article

International Journal of Economics and Financial Issues is currently edited by Ilhan Ozturk

More articles in International Journal of Economics and Financial Issues from Econjournals
Bibliographic data for series maintained by Ilhan Ozturk ().