Digital Payments, Advances in ICT, and Country Culture: Cross-country Evidence

Hsiu-Hsia Chou

《Business and Technology Innovation Journal》 2卷1期 (2022/06) Pp. 1-26

https://doi.org/10.29680/BTIJ.202206_2(1).0001

摘要

The use of digital payment methods is related to information and communications technology (ICT) infrastructure and the skills of financial consumers in using such technology. Thus, financial payment methods will only change through the development of ICT-based financial technology together with the improved skills of financial consumers in using ICT devices. However, the adoption of new method for financial transactions may affect by the atmosphere of country culture. To analyze the relationships among ICT development, country culture, and digital payments, this paper employed a country's ICT development index and the number of installed automatic teller machines as proxy variables for ICT. Hofstede cultural dimensions are chosen as the proxy for country culture. Empirical results demonstrate that the ICT development index exhibits a positive relationship with digital payments. Also, a society with higher individualism or long-term orientation tendency exists a higher proportion of digital payments.

關鍵字

ATMs ； Country Culture ； Digital Payments ； Hofstede Cultural Dimensions ； Information and Communication Technology

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