Digital and electronic transactions against velocity of money

The payment system accumulates through an interbank fund transfer system, banking procedures, and a set of instruments that guarantee the circulation money (Hancock & Humphrey, 1997). theory expressed by Fisher is very striking different from Marx’s. Marx only emphasizes monetary developments as contemporary capitalism. However, on form function in certain amount (as cited Ivanova, 2020). flow electronic digital transactions has continued to innovate over past decade. An important point this research identify against velocity (VoM) Indonesia. Fisher’s applied study. Through quantitative approach, time-series data for 2009–2019 was collected Bank Indonesia BPS-Indonesia. Multiple linear regression analysis useful interpreting data. As result, we find measured credit cards appear have negative effect VoM, but impact significant. Meanwhile, debit actually positive significant value VoM. Interestingly, other empirical results explore relationship represented e-money with where insignificant. This finding also relevant efforts harmonize adopt advanced technology financial