Search Results for retail-payment-system
Abstract
The aim of this research is to assess the impact of electronic payments on increasing the volume of deposits in the Iraqi banking sector for the time period (January 2018 – September 2025), using an econometric analytical method that includes descriptive time-series analysis, and estimation of an Autoregressive Distributed Lag (ARDL) model. The study uses the indicators of mobile electronic payments and financial transactions processed via the retail payment system (IRPSI) as the independent variables, and the total deposits and current deposits as dependent variables, with the control variables being the money supply, inflation, and oil prices. The results show the gradual growth of the use of electronic payment instruments, especially in terms of the retail payment system, while mobile payments have a limited impact; current deposits are the most significant factor in total deposits. The estimates derived in ARDL show that there is no significant relationship between mobile payments and deposits in the short and long run, while retail payment system transactions have a significant and negative relationship due to its strong relationship with cash withdrawals, particularly cash withdrawals by government salary. The results shown in the control variables indicate that money supply and oil price are important factors in increasing deposits while inflation decreases current deposits because of the loss of purchasing power. Overall, the results indicate that while the electronic payment system is still evolving in Iraq, the use of cash remains at a high level, which necessitates further efforts to boost and reinforce the non-cash payment policy, increase financial and digital awareness, and strengthen the technical systems to promote the efficiency of electronic payment systems and their ability to contribute effectively to the mobilization of deposits within the banking sector.
Abstract
Research and studies related to electronic payments and the indicators of the Iraq Stock Exchange hold significant importance as they represent one of the fundamental elements contributing to economic progress. This research aims to measure the impact of electronic payments on the trading volume index in the Iraq Stock Exchange. To achieve this goal, the unit root will be tested using the Augmented Dickey-Fuller test and the Phillips-Perron test, and cointegration will be tested using the) ARDL (model according to the outputs of the) Eviews13(econometric software. The research concluded that there is a positive relationship between electronic payment indicators (amounts of electronic checks, value of bank transfers, retail payment system transfers) and the trading volume index in the Iraq Stock Exchange. The research recommends enhancing online electronic trading to help investors quickly identify trading indicators and stock prices of listed companies, which leads to increased trading activity in the Iraq Stock Exchange. This can be achieved by organizing workshops and educational seminars to provide detailed information on modern technologies used in the market