Digital Payment Systems: Global Opportunities Still Waiting to be Unleashed

Ali M. Al-Khouri

Abstract


Advances in the field of digital payment methods have fundamentally changed their operation. These technological progressions have helped bring safer, cheaper, more stable and all-inclusive payment systems to the world. This paper provides a brief overview of digital payment systems. It also argues that government identity managements systems have a potential role in supporting more trusted and secure digital payments. It relates this to a pilot project underway in the United Arab Emirates (UAE) that attempts to leverage its government identity management system to encourage wider participation in the national Wages Protection System (WPS).


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DOI: https://doi.org/10.5296/ber.v4i2.6296

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Business and Economic Research  ISSN 2162-4860

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