Article Sidebar

Cashless society trend A bibliometric analysis and Islamic economic research opportunities
Submitted
June 2, 2024
Accepted
September 20, 2024
Published
November 18, 2024
Download
Review Reports Originality Report PDF
Statistic
Read Counter : 29 Download : 26

Main Article Content

Abstract

Introduction
Rapid technological developments, especially in the banking sector, such as digital or non-cash payments, have encouraged people to switch from traditional cash transactions to non-cash transactions. This behavioral change has become a trend in a cashless society.
Objectives
This study aims to analyze the behavior of a cashless society based on publications indexed in the Scopus database.
Method
This study utilizes bibliometric analysis using R Biblioshiny to collect and analyze literature related to cashless society and Sharia principles.
Results
The results show a significant increase in publications related to the cashless society since 2015 until 2023. Additionally, the most analyzed documents include articles, conference papers, and books. Batiz Lazo B is the most cited and influential author and frequently used keywords include cashless society, economics, Malaysia, payment methods, technology adoption, digital payment, and others.
Implications
The study highlights the importance of the shift towards non-cash transactions, which offer significant benefits, underscoring the need for further research and development in the future.
Originality/Novelty
This research contributes to the recent literature on cashless society and its relations with Sharia-compliant practices in Muslim society.

Article Details

License

Copyright (c) 2024 Faiq Shidqi Rabbani, Sebastian Herman

Creative Commons License

This work is licensed under a Creative Commons Attribution-ShareAlike 4.0 International License.

Authors who publish with this journal agree to the following terms:

  1. Authors retain copyright and grant the journal right of first publication with the work simultaneously licensed under a Creative Commons Attribution License that allows others to share the work with an acknowledgement of the work's authorship and initial publication in this journal.
  2. Authors are able to enter into separate, additional contractual arrangements for the non-exclusive distribution of the journal's published version of the work (e.g., post it to an institutional repository or publish it in a book), with an acknowledgement of its initial publication in this journal.
  3. Authors are permitted and encouraged to post their work online (e.g., in institutional repositories or on their website) prior to and during the submission process, as it can lead to productive exchanges, as well as earlier and greater citation of published work (See The Effect of Open Access).
How to Cite
Rabbani, F. S. ., & Herman, S. . (2024). Cashless society trend: A bibliometric analysis and Islamic economic research opportunities. Journal of Islamic Economics Lariba, 10(2). https://doi.org/10.20885/jielariba.vol10.iss2.art4
Download Citation
Endnote/Zotero/Mendeley (RIS)
BibTeX
Crossref
Scopus
Google Scholar
Europe PMC

References

  1. Abbas, A. E. (2017). Literature review of a cashless society in Indonesia: Evaluating the progress. International Journal of Innovation, Management and Technology, 8(3), 193–196. https://doi.org/10.18178/ijimt.2017.8.3.727

  2. Abdullah, N., Redzuan, F., & Aziah Daud, N. (2020). E-wallet: Factors influencing user acceptance towards cashless society in Malaysia among public universities. Indonesian Journal of Electrical Engineering and Computer Science, 20(1), 67–74. https://doi.org/10.11591/ijeecs.v20.i1.pp67-74

  3. Ananda, P., & Nuriyah, A. (2023). Determinan minat generasi milenial pada penggunaan sistem pembayaran e-wallet layanan syariah LinkAja [Determinants of millennial generation interest in using the LinkAja sharia service e-wallet payment system]. Journal of Sharia Economics, 4(1), 53–66. https://doi.org/10.22373/jose.v4i1.2642

  4. Aslinawati, E. N., Wulandari, D., & Soseco, T. (2016). Public perception of the effectiveness of less cash society. International Review of Social Sciences (IRSS), 4(1), 7–12. https://irss.academyirmbr.com/paper_details.php?title=Public_Perception_of_the_Effectiveness_of_Less_Cash_Society

  5. Asriani, & Kurniawan, A. (2023). The role of Indonesian Islamic banks in improving economic growth in Indonesia (Analysis of opportunities and obstacles of Islamic banks post merger). KnE Social Sciences, 283–298. https://doi.org/10.18502/kss.v8i16.14049

  6. Balakrishnan, V., & Lay Gan, C. (2023). Going cashless? Elucidating predictors for mobile payment users’ readiness and intention to adopt. Sage Open, 13(4), 21582440231215111. https://doi.org/10.1177/21582440231215111

  7. Balakrishnan, V., & Shuib, N. L. M. (2021). Drivers and inhibitors for digital payment adoption using the Cashless Society Readiness-Adoption model in Malaysia. Technology in Society, 65, 101554. https://doi.org/10.1016/j.techsoc.2021.101554

  8. Batiz-Lazo, B., & Efthymiou, L. (Eds.). (2016). The book of payments: Historical and contemporary views on the cashless society. Palgrave Macmillan.

  9. Chairunnisa, S. M., Alfina, A., & Yasmin, A. (2020). Observing micro, small, and medium enterprises (MSMEs) readiness to support cashless society. The Winners, 21(2), 101–106. https://doi.org/10.21512/tw.v21i2.6722

  10. Cnaan, R. A., Scott, M. L., Heist, H. D., & Moodithaya, M. S. (2023). Financial inclusion in the digital banking age: Lessons from rural India. Journal of Social Policy, 52(3), 520–541. https://doi.org/10.1017/S0047279421000738

  11. Deep, N. (2022). Socio economic impact and analytics of cashless economy. ACADEMICIA: An International Multidisciplinary Research Journal, 12(7), 82–88. https://doi.org/10.5958/2249-7137.2022.00694.2

  12. Dimitrova, I., Öhman, P., & Yazdanfar, D. (2022). Barriers to bank customers’ intention to fully adopt digital payment methods. International Journal of Quality and Service Sciences, 14(5), 16–36. https://doi.org/10.1108/IJQSS-03-2021-0045

  13. Fabris, N. (2019). Cashless society – The future of money or a utopia? Journal of Central Banking Theory and Practice, 8(1), 53–66. https://doi.org/10.2478/jcbtp-2019-0003

  14. Firdausi, F. N., & Ardyansyah, F. (2023). Implementation of sharia marketing strategy as a solution to increase LinkAja Syariah consumer loyalty. JESI (Jurnal Ekonomi Syariah Indonesia), 13(1), 74–82. https://doi.org/10.21927/jesi.2023.13(1).74-81

  15. Hasyim, F., Addela, R., & Rahmawati, N. G. (2023). Pendekatan TAM dalam menilai keputusan penggunaan LinkAja Syariah pada masyarakat Surakarta [The technology acceptance model approach in assessing the decision to use LinkAja Syariah in the Surakarta community]. Velocity: Journal of Sharia Finance and Banking, 3(1), 88–100. https://doi.org/10.28918/velocity.v3i1.7059

  16. Hendrawan, M. R. N. A., Marits, S. A., & Herman, S. (2023). Development of digital payment systems in Indonesia. Jurnal Ilmiah Manajemen Kesatuan, 11(3), 1335–1344. https://jurnal.ibik.ac.id/index.php/jimkes/article/view/2328

  17. Hidayah, N., Waspada, I., & Sari, M. (2023). The dynamics of cashless society: A systematic review. Advanced International Journal of Business, Entrepreneurship and SMEs, 5(15), 7–16. https://doi.org/10.35631/AIJBES.515002

  18. Horne, D., & Collins, M. C. (2023). No card, no service: Challenges faced by vulnerable populations of a cashless society. Business and Society Review, 128(3), 532–548. https://doi.org/10.1111/basr.12324

  19. Irawati, P., & Muslihah, T. (2023). Pengaruh kegunaan, kemudahan, dan kepercayaan terhadap keputusan penggunaan LinkAja Syariah bagi masyarakat Solo Raya [The influence of usability, convenience and trust on the decision to use LinkAja Syariah for the people of Solo Raya]. Jurnal Ekonomi Sakti (JES), 12(1), 47–56. https://doi.org/10.36272/jes.v12i1A.247

  20. Jati, W. R. (2015). Less cash society: Menakar mode konsumerisme baru kelas menengah Indonesia [Less cash society: Measuring the new consumerism mode of the Indonesian middle class]. Jurnal Sosioteknologi, 14(2), 102–112. https://doi.org/10.5614/sostek.itbj.2015.14.2.1

  21. Jung, H., & Jeong, D. (2021). Blockchain implementation method for interoperability between CBDCs. Future Internet, 13(5), 133. https://doi.org/10.3390/fi13050133

  22. Kamis, R., Ismail, S., & Abd Rahman, N. H. (2022). Go cashless: A proposed conceptual framework for e-wallet acceptance. International Journal of Academic Research in Business and Social Sciences, 12(11), 1797–1808. https://doi.org/10.6007/IJARBSS/v12-i11/15264

  23. Kozyr, Y. R. (2023). Transformation of payment systems in the digital economy. Business Inform, 3(542), 103–107. https://doi.org/10.32983/2222-4459-2023-3-103-107

  24. Lusiana, N., Muamar, A., Wasman, W., & Sukardi, D. (2021). Praktik transaksi non tunai melalui layanan syariah LinkAja pada ekosistem keislaman di Kota Cirebon [The practice of non-cash transactions through LinkAja sharia services in the Islamic ecosystem in Cirebon City]. Bilancia: Jurnal Studi Ilmu Syariah Dan Hukum, 15(1), 85–102. https://doi.org/10.24239/blc.v15i1.684

  25. Maharani, S., Nurbaiti, N., & Dharma, B. (2024). Contibution of Sharia fintech to micro, small, and medium enterprises’ inclusivity in Kisaran City. Journal of Islamic Economics Lariba, 10(1), 117–130. https://doi.org/10.20885/jielariba.vol10.iss1.art7

  26. Marits, S. A., & Zaerofi, A. (2023). Trust and purchase intention model of Muslim Z-generation consumers on e-commerces (B2C) in Indonesia. Jurnal Manajemen, 14(1), 180–190. https://doi.org/10.32832/jm-uika.v14i1.9784

  27. Minarni, & Asnawi, N. (2022). An analysis of Islamic business ethics in e-wallet in Indonesia with a case study of Go-Pay. Journal of Islamic Economics Lariba, 8(2), 341–356. https://doi.org/10.20885/jielariba.vol8.iss2.art13

  28. Panerang, A. M., & Utami, N. (2023). Analisis faktor-faktor yang mempengaruhi terhadap keputusan penggunaan Link Aja Syariah [Analysis of factors influencing the decision to use LinkAja Syariah]. Jurnal Ekonomi Sakti (JES), 12(1), 119–137. https://doi.org/10.36272/jes.v12i1.255

  29. Permatasari, S. D., Fatica, D., & Maharani, K. (2023). Variabel anteseden perkembangan cashless society dan dampaknya terhadap pemulihan ekonomi pasca pandemi [Antecedent variables of cashless society development and its impact on post-pandemic economic recovery]. Prosiding Seminar Pendidikan Matematika Dan Matematika, 8, Article 9. https://doi.org/10.21831/pspmm.v8i2.282

  30. Puspitasari, A. A., & Salehudin, I. (2022). Quick response Indonesian standard (QRIS): Does government support contribute to cashless payment system long-term adoption? Journal of Marketing Innovation (JMI), 2(1), 27–42. https://doi.org/10.35313/jmi.v2i1.29

  31. Rahadi, R. A., Putri, G. N., Nugraha, B. A., Faturohman, T., Boediman, A., Afgani, K. F., & Saputra, J. (2023). Does parental socialization affect financial literacy in Indonesia? International Journal of Advanced and Applied Sciences, 10(5), 60–71. https://doi.org/10.21833/ijaas.2023.05.008

  32. Rahman, M., Ismail, I., & Bahri, S. (2020). Analysing consumer adoption of cashless payment in Malaysia. Digital Business, 1(1), 100004. https://doi.org/10.1016/j.digbus.2021.100004

  33. Raj L., V., Amilan, S., & Aparna, K. (2024). Factors influencing the adoption of cashless transactions: Toward a unified view. South Asian Journal of Marketing, 5(1), 74–90. https://doi.org/10.1108/SAJM-11-2022-0071

  34. Rauf, S. A. A., & Thoha, A. M. (2022). Online digital transactions as a solution for national economic recovery during the Covid-19 pandemic. Jurnal Multidisipliner Bharasa, 1(1), 10–19. https://doi.org/10.56691/jurnalmultidisiplinerbharasa.v1i1.3

  35. Riza, A. F., & Wijayanti, D. M. (2022). Kartini in the pandemic: Women’s economic empowerment through synergy of digital banking, fintech, and e-commerce. Journal of Islamic Economy and Community Engagement, 2(1), 114–129. https://doi.org/10.14421/jiecem.2021.2.1.1477

  36. Rizaldi, M. A. (2021). Faktor determinasi minat penggunaan layanan Linkaja Syariah pada masyarakat Jabodetabek [Determining factors of interest in using Linkaja Syariah services among the Jabodetabek community]. Journal of Sharia Economics, 2(2), 120–140. https://doi.org/10.22373/jose.v2i2.1307

  37. Safira, R. E., & Rahmanto, D. N. A. (2022). Islamic branding experience dan customer citizenship behaviour terhadap keputusan menggunakan layanan LinkAja Syariah [Islamic branding experience and customer citizenship behavior towards the decision to use LinkAja Syariah services]. Etihad: Journal of Islamic Banking and Finance, 2(1), 1–19. https://doi.org/10.21154/etihad.v2i1.3953

  38. Sharma, A. (2023). A study of cashless transactions in Indian economy: A systematic literature review. International Journal of Science and Research (IJSR), 12(7), 1023–1026. https://doi.org/10.21275/SR23712131445

  39. Shodiqin, D. H., & Nur, K. (2023). Penerapan akad wakalah pada transaksi financial teknologi dengan menggunakan produk dompet digital (LinkAja Syariah) [Implementation of the wakalah contract in financial technology transactions using digital wallet products (LinkAja Syariah)]. At-Tasharruf: Jurnal Kajian Ekonomi Dan Bisnis Syariah, 5(1), 62–70. https://doi.org/10.32528/at.v5i1.839

  40. Tarantang, J., Awwaliyah, A., Astuti, M., & Munawaroh, M. (2019). Perkembangan sistem pembayaran digital pada Era Revolusi Industri 4.0 di Indonesia [The development of digital payment systems in the Industrial Revolution 4.0 Era in Indonesia]. Jurnal Al-Qardh, 4(1), 60–75. https://doi.org/10.23971/jaq.v4i1.1442

  41. Teker, S., Teker, D., & Orman, I. (2022). Evolution of digital payment systems and a breakthrough. Journal of Economics, Management and Trade, 100–108. https://doi.org/10.9734/jemt/2022/v28i1030452

  42. Thaker, H. M. T., Subramaniam, N. R., Qoyum, A., & Iqbal Hussain, H. (2023). Cashless society, e‐wallets and continuous adoption. International Journal of Finance & Economics, 28(3), 3349–3369. https://doi.org/10.1002/ijfe.2596

  43. Turjaman, R. M., & Budi, I. (2022). Analisis sentimen berbasis aspek marketing mix terhadap ulasan aplikasi dompet digital (Studi kasus: Aplikasi LinkAja pada Twitter) [Sentiment analysis based on marketing mix aspects of digital wallet application reviews (Case study: LinkAja application on Twitter)]. Jurnal Darma Agung, 30(2), 266–275. https://doi.org/10.46930/ojsuda.v30i2.1672

  44. Utami, F. H. (2023). Blockchain based scheme cashless society. Jurnal Media Infotama, 19(1), 211–216. https://doi.org/10.37676/jmi.v19i1.3813

  45. Vaidya, S. N., & Vishwakarma, K. (2023). A study of digital financial inclusion in developing countries and emerging economies. International Journal For Multidisciplinary Research, 5(6), 10804. https://doi.org/10.36948/ijfmr.2023.v05i06.10804

  46. Vijay K. (2024). Cashless society managing privacy and security in technological age. Interantional Journal of Scientific Research in Engineering and Management, 8(5), 1–5. https://doi.org/10.55041/IJSREM34634

  47. Wanof, M. I. (2023). Digital technology innovation in improving financial access for low-income communities. Technology and Society Perspectives (TACIT), 1(1), 26–34. https://doi.org/10.61100/tacit.v1i1.35

  48. Worthington, S. (1995). The cashless society. International Journal of Retail & Distribution Management, 23(7), 31–40. https://doi.org/10.1108/09590559510095260

  49. Yadav, P., Lohani, V. J., Sharma, S., & Choudhary, S. (2024). Transforming transactions: The evolution of fintech in Indian banking sector. International Research Journal on Advanced Engineering and Management (IRJAEM), 6(7), 2179–2194. https://doi.org/10.47392/IRJAEM.2024.0319

  50. Yousoof, F. B. M., Nazar, S. A., Jun, W. D., & Akbar, M. A. (2024). E-wallets and financial behavior: Understanding user preferences in digital transactions. International Journal of Business and Technology Management, 6(1), 94–107. https://doi.org/10.55057/ijbtm.2024.6.1.9

  51. Yusoff, N. H., Sarifin, M. R., & Zainal Abidin, A. (2022). Factors influencing practice of cashless purchase during Covid-19 movement control order (MCO) in Malaysian society. International Journal of Academic Research in Business and Social Sciences, 12(1), 702–714. https://doi.org/10.6007/IJARBSS/v12-i1/11613

  52. Zainuddin, N. F., Osman, I., Kassim, S., Othman, M. Z., Mastor, S. H., & Mat Zain, N. H. (2024). Acceptance of cashless society among indigenous youth: A qualitative analysis. International Journal of Academic Research in Business and Social Sciences, 14(1), 2195–2212. https://doi.org/10.6007/IJARBSS/v14-i1/18452