Journal of Business Management and Economic Development
Том 2 № 02 (2024): May 2024

Analysis of the Effect of Non-Cash Payments on the Velocity of Money in Indonesia

Valencia, Selen Chaterine (Unknown)
Sishadiyati, Sishadiyati (Unknown)



Article Info

Publish Date
12 Feb 2024

Abstract

The purpose of this study is to analyze how the effect of non-cash payments on the Velocity of Money. This study used a quantitative approach and used multiple linear regression as the data analysis method. The population in this study is the territory of Indonesia, the sampling technique uses non-probability sampling with a type of saturated sampling technique. The secondary data used is a time series within a period of 14 years, the period 2009 to 2022 in annual form. The results of this study show that from the results of t Test, ATM/Debit Cards have a significant negative effect on the Velocity of Money. Credit Cards have a significant positive effect on the Velocity of Money. However, E-Money does not affect the Velocity of Money. Meanwhile, based on the F Test result, ATM/Debit Cards, Credit Cards, and E-Money simultaneously have a significant effect on the Velocity of Money at a confidence level of 93%. This research provides benefits for the government, society, and other institutions in the form of steps and attitudes that need to be taken to increase non-cash payment transaction value to increase the Velocity of Money in Indonesia.

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Journal Info

Abbrev

jbmed

Publisher

Subject

Decision Sciences, Operations Research & Management Economics, Econometrics & Finance Industrial & Manufacturing Engineering Social Sciences Other

Description

Journal of Business Management and Economic Development (JBMED) is an international academic open-access journal that has gained a foothold in Indonesia, Asia and is open to the world. It aims to promote the integration of trade, economics, and finance. The focus is to publish papers on ...