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Digital Payment Systems: Global Opportunities Still Waiting to be Unleashed

Dr. Ali M. Al-Khouri ()

Business and Economic Research, 2014, vol. 4, issue 2, 136-148

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).

Keywords: Digital payments; Electronic payments; Financial systems; Identity management; Digital identity; Identification; Authentication (search for similar items in EconPapers)
JEL-codes: R00 Z0 (search for similar items in EconPapers)
Date: 2014
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Handle: RePEc:mth:ber888:v:4:y:2014:i:2:p:136-148