Finance Technology Innovation in the Finance Sector: The Role of E-money on Increasing Tax Revenue
DOI:
https://doi.org/10.52728/ijtc.v3i2.443Keywords:
Tax Revenue, Financial Technolog, Electronic moneyAbstract
The expanding versatility of people in general in monetary exercises wants to make monetary exchanges simpler, more compelling and effective yet at the same time protected in exchanges. The mechanical advancement that is the subject of the most recent review in Indonesia is Financial Technology (FinTech). The adjustment of the type of cash, both paper cash and coins started to be supplanted with electronic cash or ordinarily alluded to as E-cash. E-cash right now circling in Indonesia as OVO Cash, Shopee Pay, Gopay, Brizzi, Paytren, isaku, Dana, Linkaja, Flazz and others, is a type of money innovation to complete monetary exchange exercises, with the presence of E-cash. This cash is relied upon to help people in general in getting to monetary items and work with monetary exchanges and duty installment exchanges. Progresses in monetary innovation can make it more straightforward for citizens to make charge installments. The exploration technique utilized is unmistakable subjective strategy with writing survey. The motivation behind this exploration is to help the local area in making charge installments simpler and it is trusted that this electronic installment can expand charge income.
References
Adeyemo, K. A., Isiavwe, D., Adetula, D., Olamide, O., & Folashade, O. (2020). Mandatory adoption of the Central Bank of Nigeria’s cashless and e-payment policy: implications for bank customers. Banks and Bank Systems, 15(2), 243–253. https://doi.org/10.21511/bbs.15(2).2020.21
Ali, M., Hashmi, S. H., Nazir, M. R., Bilal, A., & Nazir, M. I. (2021). Does financial inclusion enhance economic growth? Empirical evidence from the IsDB member countries. International Journal of Finance & Economics, 26(4), 5235–5258. https://doi.org/10.1002/ijfe.2063
Aliyudin, R. S. (2020). Peran Financial Technology Dalam Meningkatkan Penerimaan Pajak di Indonesia. Jurnal Akuntansi Keuangan Dan Sistem Informasi, 1(1), 56–67. https://doi.org/https://doi.org/10.31949/j-aksi.v1i1.175
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
Ben Lahouel, B., Ben Zaied, Y., Managi, S., & Taleb, L. (2022). Re-thinking about U: The relevance of regime-switching model in the relationship between environmental corporate social responsibility and financial performance. Journal of Business Research, 140, 498–519. https://doi.org/10.1016/j.jbusres.2021.11.019
Chen, X., Teng, L., & Chen, W. (2022). How does FinTech affect the development of the digital economy? evidence from China. The North American Journal of Economics and Finance, 61, 101697. https://doi.org/10.1016/j.najef.2022.101697
Chen, Y., Chiu, J., & Chung, H. (2022). Givers or Receivers? Return and volatility spillovers between Fintech and the Traditional Financial Industry. Finance Research Letters, 46, 102458. https://doi.org/10.1016/j.frl.2021.102458
Chuc, A. T., Li, W., Phi, N. T. M., Le, Q. T., Yoshino, N., & Taghizadeh-Hesary, F. (2022). The necessity of financial inclusion for enhancing the economic impacts of remittances. Borsa Istanbul Review, 22(1), 47–56. https://doi.org/10.1016/j.bir.2020.12.007
Creswell, J. W. (2017). Research Design Pendekatan Kualitatif, Kuantitatif, dan Mixed (S. Z. Qudsy (ed.); 3rd ed.). Pustaka Pelajar. https://opac.perpusnas.go.id/DetailOpac.aspx?id=1213690
Daud, S. N. M., Ahmad, A. H., Khalid, A., & Azman-Saini, W. N. W. (2021). FinTech and financial stability: Threat or opportunity? Finance Research Letters, 102667. https://doi.org/10.1016/j.frl.2021.102667
Deng, X., Huang, Z., & Cheng, X. (2019). FinTech and Sustainable Development: Evidence from China based on P2P Data. Sustainability, 11(22), 6434. https://doi.org/10.3390/su11226434
Ding, N., Gu, L., & Peng, Y. (2022). Fintech, financial constraints and innovation: Evidence from China. Journal of Corporate Finance, 73, 102194. https://doi.org/10.1016/j.jcorpfin.2022.102194
Fu, J., & Mishra, M. (2022). Fintech in the time of COVID−19: Technological adoption during crises. Journal of Financial Intermediation, 50, 100945. https://doi.org/10.1016/j.jfi.2021.100945
Gorshkov, V. (2022). Cashless Payment in Emerging Markets: The Case of Russia. Asia and the Global Economy, 2(1), 100033. https://doi.org/10.1016/j.aglobe.2022.100033
Haptari, V. D., & Aribowo, I. (2019). Analisis Aspek Perpajakan Pada Fintech Khususnya Peer To Peer (P2P) Lending Untuk Menyusun Aturan Perpajakan. Jurnal Pajak Dan Keuangan Negara (PKN), 1(1), 11. https://doi.org/10.31092/jpkn.v1i1.597
He, D., Leckow, R. B., Haksar, V., Griffoli, T. M., Jenkinson, N., Kashima, M., Khiaonarong, T., Rochon, C., & Tourpe, H. (2017). Fintech and Financial Services : Initial Considerations (p. 49). International Monetary Fund. https://www.imf.org/en/Publications/Staff-Discussion-Notes/Issues/2017/06/16/Fintech-and-Financial-Services-Initial-Considerations-44985
Herdinata, C., & Pranatasari, F. D. (2020). Panduan Penerapan Financial Technology Melalui Regulasi, Kolaborasi, dan Literasi Keuangan Pada UMKM (1st ed.). Leutikaprio. http://www.leutikaprio.com/produk/190243/pengetahuan/20031843/panduan_penerapan_financial_technology_melalui_regulasi_kolaborasi_dan_literasi_keuangan_pada_umkm/19099971/dr_christian_herdinata_se_mm_cfp_qwp_aepp__fransisca_desiana_pranatasari_se_mm
Ioannou, S., & Wójcik, D. (2022). The limits to FinTech unveiled by the financial geography of Latin America. Geoforum, 128, 57–67. https://doi.org/10.1016/j.geoforum.2021.11.020
Kahloul, I., Sbai, H., & Grira, J. (2022). Does Corporate Social Responsibility reporting improve financial performance? The moderating role of board diversity and gender composition. The Quarterly Review of Economics and Finance, 84, 305–314. https://doi.org/10.1016/j.qref.2022.03.001
Khuong, N. V., Shabbir, M. S., Sial, M. S., & Khanh, T. H. T. (2021). Does informal economy impede economic growth? Evidence from an emerging economy. Journal of Sustainable Finance & Investment, 11(2), 103–122. https://doi.org/10.1080/20430795.2020.1711501
Liu, Y., Luan, L., Wu, W., Zhang, Z., & Hsu, Y. (2021). Can digital financial inclusion promote China’s economic growth? International Review of Financial Analysis, 78, 101889. https://doi.org/10.1016/j.irfa.2021.101889
Luo, S., Sun, Y., & Zhou, R. (2022). Can fintech innovation promote household consumption? Evidence from China family panel studies. International Review of Financial Analysis, 82, 102137. https://doi.org/10.1016/j.irfa.2022.102137
Maqbool, S., & Zameer, M. N. (2018). Corporate social responsibility and financial performance: An empirical analysis of Indian banks. Future Business Journal, 4(1), 84–93. https://doi.org/10.1016/j.fbj.2017.12.002
Matei, B. F., Boboc, C., & Ghiță, S. (2021). The Relationship between Corporate Social Responsibility and Financial Performance in Romanian Companies. Economic Computation and Economic Cybernetics Studies and Research, 55(3/2021), 297–314. https://doi.org/10.24818/18423264/55.3.21.19
Merello, P., Barberá, A., & la Poza, E. De. (2022). Is the sustainability profile of FinTech companies a key driver of their value? Technological Forecasting and Social Change, 174, 121290. https://doi.org/10.1016/j.techfore.2021.121290
Muthukannan, P., Tan, B., Chian Tan, F. Ter, & Leong, C. (2021). Novel mechanisms of scalability of financial services in an emerging market context: Insights from Indonesian Fintech Ecosystem. International Journal of Information Management, 61, 102403. https://doi.org/10.1016/j.ijinfomgt.2021.102403
Ng, D., Kauffman, R. J., Griffin, P., & Hedman, J. (2021). Can we classify cashless payment solution implementations at the country level? Electronic Commerce Research and Applications, 46, 101018. https://doi.org/10.1016/j.elerap.2020.101018
Omodero, C. O. (2021). Fintech Innovation in the Financial Sector: Influence of E-Money Products on a Growing Economy. Studia Universitatis „Vasile Goldis” Arad – Economics Series, 31(4), 40–53. https://doi.org/10.2478/sues-2021-0018
Pathak, N. (2017). The Future of AI. In Artificial Intelligence for .NET: Speech, Language, and Search (pp. 247–259). Apress. https://doi.org/10.1007/978-1-4842-2949-1_10
Pizzi, S., Corbo, L., & Caputo, A. (2021). Fintech and SMEs sustainable business models: Reflections and considerations for a circular economy. Journal of Cleaner Production, 281, 125217. https://doi.org/10.1016/j.jclepro.2020.125217
Putri, N. Y., Ud, A. M., & Utu, L. (2021). Financial Technology (Fintech) Berbasis Sistem Peer To Peer Lending (P2PL) dalam Perspektif Perpajakan. YUME : Journal of Management, 4(2), 195–207. https://doi.org/https://doi.org/10.37531/yume.vxix.861
Sasongko, D. T., Handayani, P. W., & Satria, R. (2022). Analysis of factors affecting continuance use intention of the electronic money application in Indonesia. Procedia Computer Science, 197, 42–50. https://doi.org/10.1016/j.procs.2021.12.116
Schindler, J. (2017). FinTech and Financial Innovation: Drivers and Depth. Finance and Economics Discussion Series, 2017(081). https://doi.org/10.17016/FEDS.2017.081
Senyo, P., & Osabutey, E. L. C. (2020). Unearthing antecedents to financial inclusion through FinTech innovations. Technovation, 98, 102155. https://doi.org/10.1016/j.technovation.2020.102155
Siueia, T. T., Wang, J., & Deladem, T. G. (2019). Corporate Social Responsibility and financial performance: A comparative study in the Sub-Saharan Africa banking sector. Journal of Cleaner Production, 226, 658–668. https://doi.org/10.1016/j.jclepro.2019.04.027
Sugandi, E. A. (2021). The Covid-19 Pandemic and Indonesia’s Fintech Markets (No. 1281; ADBI Working Paper Series). https://www.adb.org/sites/default/files/publication/728046/adbi-wp1281.pdf
Toon, B., Le-Nguyen, K., Li, X., You, Y.-Y., & Na, K.-S. (2018). Study of the Relationship among Mobile Payment (Fintech), Creating Shared Value, and Corporate Reputation: Evidence in Korea, US, and China. International Conference on Information Resources Management (CONF-IRM), 38. https://aisel.aisnet.org/cgi/viewcontent.cgi?article=1039&context=confirm2018
Tualeka, S. H., Rokhimakhumullah, D. N. F., & Ningsih, D. N. C. (2021). Peran penggunaan teknologi informasi terhadap ketertiban administrasi keuangan dan kepatuhan perpajakan pada digital business. Jurnal Akuntansi Aktual, 8(2), 97–106. https://doi.org/10.17977/um004v8i22021p097
Wardhani, R. S., Awaluddin, M., & Reniati. (2020). Financial Performance and Corporate Social Responsibility on Return of Shares. Jurnal Akuntansi, 23(3), 409. https://doi.org/10.24912/ja.v23i3.611
Yang, L., & Wang, S. (2022). Do fintech applications promote regional innovation efficiency? Empirical evidence from China. Socio-Economic Planning Sciences, 101258. https://doi.org/10.1016/j.seps.2022.101258
Zhang, Y., Chen, J., Han, Y., Qian, M., Guo, X., Chen, R., Xu, D., & Chen, Y. (2021). The contribution of Fintech to sustainable development in the digital age: Ant forest and land restoration in China. Land Use Policy, 103, 105306. https://doi.org/10.1016/j.landusepol.2021.105306
Downloads
Published
How to Cite
Issue
Section
License
This work is licensed under a Creative Commons Attribution 4.0 International License.
