The Role of Electronic Payment Methods in Facilitating Money Transactions in Erbil City

  • Dina A. AL-Saji Department of Finance & Banking Sciences, Cihan University-Erbil, Erbil, Kurdistan Region, Iraq
Keywords: Electronic Payment, Transaction, Electronic cash, Debit Cards, Credit


The emergence of e-commerce has created new financial needs that in many cases cannot be effectively fulfilled by the traditional payment systems. All interested parties are exploring various types of the electronic payment system and issues electronic payment system and digital currency. Therefore, I conducted research on the availability and variety of electronic payment methods in Erbil city, to see the extent of using them in financial transactions. The sample of the research included three banks (Cihan, RT, Byblos). The distributed questionnaires were 40 and collected just 31 were valid to statistically analysis. The questionnaire was designed according to the five-dimensional Likert scale. The SPSS program was used for statistical analysis to extract results Based on the results, the following the most important conclusions were achieved. The results showed that banks have a great interest in electronic payment methods to attract customers and improve customer services. Electronic payment methods are limited only to customers who have a good ability to handle the Internet. According to the results, we made a number of recommendations: Banks should pay attention to issuing new and modern electronic payment methods to attract new customers and follow developments in global markets. Banks and other specialized organizations should conduct awareness programs for clients on the importance and ease of using electronic payment methods in financial transactions in local and international markets.


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How to Cite
AL-Saji, D. (2019). The Role of Electronic Payment Methods in Facilitating Money Transactions in Erbil City. Cihan University-Erbil Journal of Humanities and Social Sciences, 3(1), 7-14.