In line with the needs of community and progress times in advanced field fintech, cash payments are currently considered insecure as well ineffective efficient. To run a non-cash or cashless transaction program by government, PT. Pertamina invites public to use E-Payment from My application collaboration LinkAja. this study, sentiments MyPertamina users will be analyzed based on reviews Google ...

Life settlements provide the possibility for individuals to convert their life insurance policies into cash in a secondary market transaction. Hence, this additional option is welcome from the current policyholders’ point of view, but the reasons for the attractiveness to financial investors as well as the equilibrium impacts on life insurers and future policyholders are not immediate clear. Th...

The aim of this paper is to analyse the role of trade credit in the financing of French small and medium-sized enterprises (SMEs) using specific data collected in a recent survey on small firms. We provide direct evidence that inter-firm credit offered by SMEs is sensitive to the strategic importance of firm size and position. Using existing theories, we also test a supply function and a model ...

Turmoil in financial markets is often accompanied by a significant decrease in market liquidity. Here, we investigate how such key risk measures as likelihood of insolvency, value at risk, and expected tail loss respond to bid– ask spreads that are likely to widen just when positions must be liquidated to maintain capital ratios. Our results show that this sort of illiquidity causes significant...

Capital allocation for credit portfolios has two meanings. First, at portfolio level it means to determine capital as a buffer against an unexpected negative cash-flow resulting from credit losses. In this case, the allocation method can be specified by means of a risk measure. Its result is called economic capital of the portfolio. Second, at sub-portfolio or transaction level, capital allocat...

A new form of barter economy is emerging in many industrial nations. People are exchanging goods and services through Local Exchange and Trading Systems (LETS). These are local associations whose members list their offers of, and requests for, goods and services in a directory and then exchange them priced in a local unit of currency. Using a United Kingdom case study of Totnes LETS, this paper...

Peter DeMarzo, Ilan Kremer and Andrzej Skrzypacz (2005, henceforth DKS) analyzed auctions in which bidders compete in securities. They show that a steeper security leads to a higher expected revenue for the seller, and also use this to establish the revenue ranking between standard auctions. In this comment, we obtain the opposite results to DKS’s by assuming that a higher return requires a hig...

Ecash is a concept of electronic cash which would allow users to carry money in form of digital coins. Transaction can be done both offline and online in absence of a third party/financial institution. This paper proposes an offline model which supports multiple usage of transferable ecoin. The protocol is based on RSA, digital signature and a two-step encryption process. In this two step encry...

Internet banking is changing the banking industry, having the major effects on banking relationships. Banking is now no longer confined to the branches were one has to approach the branch in person, to withdraw cash or deposit a cheque or request a statement of accounts. In true Internet banking, any inquiry or transaction is processed online without any reference to the branch (anywhere bankin...

For millions around the globe, digital payment apps such as Venmo are replacing cash as the preferred method of payment between friends and vendors. Apps like Venmo bring a unique blend of convenience and social interactions into financial transactions. In this paper, we study the role of social relationships in the adoption of the Venmo digital payment system. We collect records of all 91 mill...