THE EVOLUTION OF DIGITAL TRANSACTIONS

THE EVOLUTION OF DIGITAL TRANSACTIONS

Authors

  • Mirkomil Boboyorov Murodullaevich Director of Development and Investment at private enterprise "BOOSTER GROWTH SOLUTION"

Keywords:

digital transactions, fintech, financial inclusion, cryptocurrencies, cybersecurity, digital banking

Abstract

This article analyzes the evolution of digital transactions and their impact on the financial sector. It examines how technological advancements such as digital banking, cryptocurrencies, and fintech innovations have transformed traditional banking systems and consumer behavior. The discussion includes how digital transactions promote economic development and financial inclusion, as well as the emerging challenges in this field, such as cybersecurity, regulatory compliance, and technological upgrades.

References

Arrow, Kenneth J. "The Economic Implications of Learning by Doing." The Review of Economic Studies, vol. 29, no. 3, 1962, pp. 155-173.

Uzawa, Hirofumi. "Optimum Technical Change in an Aggregative Model of Economic Growth." International Economic Review, vol. 6, no. 1, 1965, pp. 18-31.

Sidrauski, Miguel. "Rational Choice and Patterns of Growth in a Monetary Economy." The American Economic Review, vol. 57, no. 2, 1967, pp. 534-544.

Romer, Paul M. "Increasing Returns and Long-Run Growth." Journal of Political Economy, vol. 94, no. 5, 1986, pp. 1002-1037.

Lucas, Robert E. "On the Mechanics of Economic Development." Journal of Monetary Economics, vol. 22, no. 1, 1988, pp. 3-42.

Rebelo, Sergio. "Long-Run Policy Analysis and Long-Run Growth." Journal of Political Economy, vol. 99, no. 3, 1991, pp. 500-521.

Ortigueira, Salvador, and Manuel S. Santos. "On the Speed of Convergence in Endogenous Growth Models." The American Economic Review, vol. 87, no. 3, 1997, pp. 383-399.

Gomber, P., Koch, J.-A., & Siering, M. (2017). Digital Finance and FinTech: current research and future research directions. Journal of Business Economics, 87, 537-580.

https://www.worldbank.org/en/publication/globalfindex/interactive-executive-summary-visualization

McKinsey & Company. (2020). The Future of Digital Banking: Embracing Disruption

Asatiani, A., & Penttinen, E. (2016). Turning robotic process automation into commercial success – Case OpusCapita. Journal of Information Technology Teaching Cases, 6(2), 67-74

Willcocks, L. P., Lacity, M. C., & Craig, A. (2015). The IT function and robotic process automation. London School of Economics Outsourcing Unit Working Paper Series

Jain, A. K., Ross, A., & Prabhakar, S. (2004). An introduction to biometric recognition. IEEE Transactions on Circuits and Systems for Video Technology, 14(1), 4-20.

Jain, A. K., & Nandakumar, K. (2012). Biometric authentication: System security and user privacy. IEEE Computer, 45(11), 87-92.

Allen, A., & Warden, P. (2017). The future of digital identity. Deloitte Insights.

Downloads

Published

2024-09-25

How to Cite

THE EVOLUTION OF DIGITAL TRANSACTIONS. (2024). Scientific Journal of Actuarial Finance and Accounting, 4(08), 188-196. https://doi.org/10.55439/AFA/vol4_iss08/487