Search Results (261)

In this study, we review recent research on how digital payment technologies (DPTs) promote financial inclusion (FI) across the world. Drawing on empirical studies from the past decade, we show that digital payment systems have helped reduce financial exclusion—particularly in developing economies—by expanding access to essential financial services for underserved groups. The paper also highlights the role of demographic factors such as age and gender, with evidence of higher adoption among youth and women. We identify the main indicators used to measure digital payment adoption and FI, providing a foundation for future empirical analysis. To deepen understanding, we call for combining macroeconomic data with rigorous econometric approaches to better capture how DPTs contribute to inclusive financial systems. The paper further discusses how emerging innovations—including blockchain, artificial intelligence, cloud computing, and biometric authentication—are improving the efficiency, security, and accessibility of digital payments. Together, these technologies are likely to accelerate the transition toward fully digital financial ecosystems and expand the potential for inclusive and sustainable growth. Full article

This paper proposes a coalition-based framework for the coordinated operation of multi-regional power systems subject to extreme uncertainty in demand surges, renewable variability, and resource mobilization delays. Methodologically, we integrate Bayesian learning with distributionally robust optimization (DRO), embedding dynamically updated scenario posteriors into a Wasserstein ambiguity set. This construction captures both stochastic variability from renewable and load realizations and epistemic uncertainty from incomplete knowledge of probability distributions. To align individual incentives with system-level efficiency, we design a risk-adjusted utility mechanism that combines VCG transfers, Shapley allocations, and nucleolus refinements. These mechanisms explicitly consider agent heterogeneity, risk aversion, and coalition stability, ensuring that cooperation remains both efficient and sustainable. The optimization model maximizes expected social welfare while incorporating constraints on transmission corridor capacities, mobilization logistics, demand–response rebound effects, and mobile energy storage operations. A hierarchical decomposition algorithm integrates the Bayesian-DRO dispatch layer with cooperative game-theoretic allocations to maintain tractability and robustness at large scale. A case study on a six-province interconnected system with 14–26 GW peak demand, 10.2 GW solar, 8.6 GW wind, 14 GW peaking units, and 6.8 GW mobile storage demonstrates the effectiveness of the approach. Results indicate that the proposed framework raises expected welfare by nearly 10% relative to a non-cooperative baseline, reduces the probability of unserved energy exceeding 1.5% from almost 2% to negligible levels, and narrows payment disparities across provinces to strengthen coalition stability. Demand response peaks at 250–300 MW with rebound averaging 25%, while mobile BESS units cycle frequently to enhance local reliability. Overall, the findings highlight a robust and incentive-compatible pathway for resilient inter-provincial operation, providing both methodological advances and policy-relevant insights for multi-regional energy governance. Full article

This paper presents preliminary findings on the effectiveness of a citizen science initiative that engages local communities in rural Kalimantan in collecting wildlife observations within their village forests. By leveraging the power of community participation, the initiative aims to build on local knowledge, promote sustainable management practices, and collect valuable data on species distribution. Through a combination of focus group discussions, training workshops, field surveys, and mobile app-based data collection from 2023 to 2025, the initiative successfully mobilized community members, particularly those with limited technological experience, to actively participate in biodiversity monitoring. We recently introduced a small ‘payment for wildlife observations’ system that significantly boosted observations. The initial results highlight the potential for citizen science to generate valuable species trend data and foster a sense of pride, ownership, and stewardship among community members. While the current manuscript does not provide statistical analyses of the wildlife data, we describe how we plan to overcome data biases that are inherent to opportunistic, unstructured survey efforts. The project continues, but the lessons learned thus far can inform future citizen science initiatives and contribute to the development of sustainable, long-term, low-cost and effective community-based conservation strategies in the region. Full article

The global movement towards a cashless society has prompted the payment of tax obligations through digital platforms and sources. In this international race to ensure that transaction payments are not hindered by the lack of physical cash, Nigeria is also making progress. Therefore, the focus of this study is to assess the implications of digital payment systems in enhancing the effectiveness of tax revenue collection in Nigeria. The analysis spans from the first quarter of 2009 to the fourth quarter of 2023, utilizing the Autoregressive Distributed Lag and Error Correction Model. The research uses the most active digital payment systems that have been in operation during the study period. These electronic payment types include digital cheques (CHQs), Automated Teller Machines (ATMs), Point-of-Sales (POSs), Mobile payment (MPY), and Web-based payment (WPY). These are the predictor variables, while the tax revenue collection (TXC) during this period is the dependent variable. The control variables include information and telecommunication technology penetration rate (ICTPR), inflation, and gross domestic product. The outcomes of this study reveal that, over the long term, a percentage change in CHQs, ATMs, MPY, and ICTPR is linked to a decline of 8.1%, 12.5%, 6.7%, and 22.4% in TXC, respectively. In contrast, WPY indicates a 7.2% positive increase in TXC while inflation exerts a positive increase of 46.7%. The Error Correction Model (ECM) suggests that the deviations from the long-term equilibrium in earlier years are being corrected at a rate of 3.9% in the current year. In the short term, it is noted that digital payment systems do not influence TXC. On the other hand, GDP maintains a significant negative influence on TXC, in both the long- and short-term. Given these results, the study recommends the establishment of a robust information and communication technology (ICT) infrastructure to enhance effective tax collection, even from rural areas and the informal sector. It is also important for the government to develop strategies that will bring the informal sector into the tax net. Full article

Technological advancements are reshaping New Mobility Services (NMS) by enhancing trip planning, booking, and payment processes, while also improving fleet management, infrastructure utilization, and data-driven decision-making. Despite these developments, challenges persist in integrating technologies into cohesive and interoperable mobility systems. This study draws insights from 163 stakeholders across the NMS ecosystem to examine both the opportunities and barriers associated with the effective integration of technology into NMS, particularly within urban and metropolitan contexts. Using statistical methods, these responses were analyzed across eight stakeholder groups to determine whether their views converge or diverge. Findings reveal a broad consensus on the technologies expected to have the greatest impact, as well as on the main challenges of integrating these technologies into NMS. Divergences arise in the perceived influence on specific mobility attributes, such as environmental sustainability, security, safety, equity, and social inclusion, and in the services considered most likely to benefit. Notably, investors express a more optimistic view across nearly all technologies, prioritizing shared vehicle services and anticipating the strongest impacts in environmental sustainability. The rest of the stakeholder groups emphasize the potential of technology to enhance modal integration and identify Mobility-as-a-Service (MaaS) as the NMS with the greatest expected benefits. These insights help identify strategic priorities and redirect efforts toward promoting investment in technologies with the highest potential to deliver transformative benefits across the NMS ecosystem. Full article

Palmprint recognition is becoming more and more common in the fields of security authentication, mobile payment, and crime detection. Aiming at the problem of small sample size and low recognition rate of palmprint, a small-sample palmprint recognition method based on image expansion and Dynamic Model-Agnostic Meta-Learning (DMAML) is proposed. In terms of data augmentation, a multi-connected conditional generative network is designed for generating palmprints; the network is trained using a gradient-penalized hybrid loss function and a dual time-scale update rule to help the model converge stably, and the trained network is used to generate an expanded dataset of palmprints. On this basis, the palmprint feature extraction network is designed considering the frequency domain and residual inspiration to extract the palmprint feature information. The DMAML training method of the network is investigated, which establishes a multistep loss list for query ensemble loss in the inner loop. It dynamically adjusts the learning rate of the outer loop by using a combination of gradient preheating and a cosine annealing strategy in the outer loop. The experimental results show that the palmprint dataset expansion method in this paper can effectively improve the training efficiency of the palmprint recognition model, evaluated on the Tongji dataset in an N-way K-shot setting, our proposed method achieves an accuracy of 94.62% ± 0.06% in the 5-way 1-shot task and 87.52% ± 0.29% in the 10-way 1-shot task, significantly outperforming ProtoNets (90.57% ± 0.65% and 81.15% ± 0.50%, respectively). Under the 5-way 1-shot condition, there was a 4.05% improvement, and under the 10-way 1-shot condition, there was a 6.37% improvement, demonstrating the effectiveness of our method. Full article

This study aims to map the scientific knowledge of bank profitability and its determinants. It identifies trends and gaps in existing research through a bibliometric analysis. To this end, 634 documents published in the Web of Science database over the last 54 years were analyzed using the bibliometric package. The results indicate an increase in the volume of publications following the 2008 financial crisis, focusing on analyzing the factors influencing bank profitability and economic growth. The Journal of Banking and Finance is the preeminent publication in this field. The literature reviewed shows that bank profitability depends on internal factors (size, credit risk, liquidity, efficiency, and management) and external factors (such as GDP, inflation, interest rates, and unemployment). In addition to the traditional determinants, the recent literature highlights the importance of innovation and technological factors such as digitalization, mobile banking, and electronic payments as relevant to bank profitability. ESG (environmental, social, and governance) and governance indicators, which are still emerging but have been extensively researched in companies, indicate a need for evidence in this area. This paper also provides relevant insights for the formulation of monetary policy and the strategic formulation of banks, helping managers and owners to improve bank performance. It also provides directions for future empirical studies and research collaborations in this field. Full article

Large-scale events, such as festivals and public gatherings, pose serious problems in terms of traffic congestion, slow transaction processing, and security risks to transportation planning. This study proposes a blockchain-based solution for enhancing the efficiency and security of intelligent transport systems (ITS) by utilizing state channels and rollups. Throughput is optimized, enabling transaction speeds of 800 to 3500 transactions per second (TPS) and delays of 5 to 1.5 s. Prevent data tampering, strengthen security, and enhance data integrity from 89% to 99.999%, as well as encryption efficacy from 90% to 98%. Furthermore, our system reduces congestion, optimizes vehicle movement, and shares real-time, secure data with stakeholders. Practical applications include fast and safe road toll payments, faster public transit ticketing, improved emergency response coordination, and enhanced urban mobility. The decentralized blockchain helps maintain trust among users, transportation authorities, and event organizers. Our approach extends beyond large-scale events and proposes a path toward ubiquitous, Artificial Intelligence (AI)-driven decision-making in a broader urban transit network, informing future operations in dynamic traffic optimization. This study demonstrates the potential of blockchain to create more intelligent, more secure, and scalable transportation systems, which will help reduce urban mobility inefficiencies and contribute to the development of resilient smart cities. Full article

Data over sound (DoS) is an established technique that has experienced a resurgence in recent years, finding applications in areas such as contactless payments, device pairing, authentication, presence detection, toys, and offline data transfer. This study introduces CardiaWhisper, a system that extends the DoS concept to the medical domain by using a medical data-over-sound (MDoS) framework. CardiaWhisper integrates wearable biomedical sensors with home care systems, edge or IoT gateways, and telemedical networks or cloud platforms. Using a transmitter device, vital signs such as ECG (electrocardiogram) signals, PPG (photoplethysmogram) signals, RR (respiratory rate), and ACC (acceleration/movement) are sensed, conditioned, encoded, and acoustically transmitted to a nearby receiver—typically a smartphone, tablet, or other gadget—and can be further relayed to edge and cloud infrastructures. As a case study, this paper presents the real-time transmission and processing of ECG signals. The transmitter integrates an ECG sensing module, an encoder (either a PLL-based FM modulator chip or a microcontroller), and a sound emitter in the form of a standard piezoelectric speaker. The receiver, in the form of a mobile phone, tablet, or desktop computer, captures the acoustic signal via its built-in microphone and executes software routines to decode the data. It then enables a range of control and visualization functions for both local and remote users. Emphasis is placed on describing the system architecture and its key components, as well as the software methodologies used for signal decoding on the receiver side, where several algorithms are implemented using open-source, platform-independent technologies, such as JavaScript, HTML, and CSS. While the main focus is on the transmission of analog data, digital data transmission is also illustrated. The CardiaWhisper system is evaluated across several performance parameters, including functionality, complexity, speed, noise immunity, power consumption, range, and cost-efficiency. Quantitative measurements of the signal-to-noise ratio (SNR) were performed in various realistic indoor scenarios, including different distances, obstacles, and noise environments. Preliminary results are presented, along with a discussion of design challenges, limitations, and feasible applications. Our experience demonstrates that CardiaWhisper provides a low-power, eco-friendly alternative to traditional RF or Bluetooth-based medical wearables in various applications. Full article

The efficient management of urban parking systems has emerged as a pivotal issue in today’s smart cities, where increasing vehicle populations strain limited parking infrastructure and challenge sustainable urban mobility. Aligned with the United Nations 2030 Agenda for Sustainable Development and the strategic goals of smart city planning, this study presents a sustainability-driven, multiagent simulation-based framework to model, analyze, and optimize smart parking dynamics in congested urban settings. The system architecture integrates ground-level IoT sensors installed in parking spaces, enabling real-time occupancy detection and communication with a centralized system using low-power wide-area communication protocols (LPWAN). This study introduces an intelligent parking guidance mechanism that dynamically directs drivers to the nearest available slots based on location, historical traffic flow, and predicted availability. To manage real-time data flow, the framework incorporates message queuing telemetry transport (MQTT) protocols and edge processing units for low-latency updates. A predictive algorithm, combining spatial data, usage patterns, and time-series forecasting, supports decision-making for future slot allocation and dynamic pricing policies. Field simulations, calibrated with sensor data in a representative high-density urban district, assess system performance under peak and off-peak conditions. A comparative evaluation against traditional first-come-first-served and static parking systems highlights significant gains: average parking search time is reduced by 42%, vehicular congestion near parking zones declines by 35%, and emissions from circling vehicles drop by 27%. The system also improves user satisfaction by enabling mobile app-based reservation and payment options. These findings contribute to broader sustainability goals by supporting efficient land use, reducing environmental impacts, and enhancing urban livability—key dimensions emphasized in sustainable smart city strategies. The proposed framework offers a scalable, interdisciplinary solution for urban planners and policymakers striving to design inclusive, resilient, and environmentally responsible urban mobility systems. Full article

This study examines how contract structures influence coordination and innovation incentives in dual-channel telecommunications supply chains. We consider a setting where a mobile network operator (MNO) supplies services both directly to consumers and indirectly through a mobile virtual network operator (MVNO), which competes in the retail market. Using a game-theoretic framework, we evaluate how different contracts—single wholesale pricing, revenue sharing, and quantity discounts—shape strategic decisions, particularly in the presence of investment spillovers between parties. A key coordination problem emerges from the externalized gains of innovation, where one party’s investment generates value for both participants. Our results show that single wholesale and revenue sharing contracts often lead to suboptimal investment and profit outcomes. In contrast, quantity discount contracts, especially when combined with appropriate transfer payments, improve coordination and enhance the total performance of the supply chain. We also find that innovation led by the MVNO, while generally less impactful, can still yield reciprocal benefits for the MNO, reinforcing the value of cooperative arrangements. These findings emphasize the importance of contract design in managing interdependence and improving efficiency in decentralized supply chains. This study offers theoretical and practical implications for telecommunications providers and policymakers aiming to promote innovation and mutually beneficial outcomes through well-aligned contractual mechanisms. Full article

This study investigates the convergence of blockchain, artificial intelligence (AI), near-field communication (NFC), and mobile technologies in electronic payment (e-payment) systems, proposing an innovative integrative framework to deconstruct the systemic innovations and transformative impacts driven by such technological synergy. Unlike prior research, which often focuses on single-technology adoption, this study uniquely adopts a cross-technology convergence perspective. To our knowledge, this is the first study to empirically map the multi-technology convergence landscape in e-payment using scientometric techniques. By employing bibliometric and thematic network analysis methods, the research maps the intellectual evolution and key research themes of technology convergence in e-payment systems. Findings reveal that while the integration of these technologies holds significant promise, improving transparency, scalability, and responsiveness, it also presents challenges, including interoperability barriers, privacy concerns, and regulatory complexity. Furthermore, this study highlights the potential for convergent technologies to unintentionally deepen the digital divide if not inclusively designed. The novelty of this study is threefold: (1) theoretical contribution—this study expands existing frameworks of technology adoption and digital governance by introducing an integrated perspective on cross-technology adoption and regulatory responsiveness; (2) practical relevance—it offers actionable, stakeholder-specific recommendations for policymakers, financial institutions, developers, and end-users; (3) methodological innovation—it leverages scientometric and topic modeling techniques to capture the macro-level trajectory of technology convergence, complementing traditional qualitative insights. In conclusion, this study advances the theoretical foundations of digital finance and provides forward-looking policy and managerial implications, paving the way for a more secure, inclusive, and innovation-driven digital payment ecosystem. Full article

Amid the global drive to enhance public sector performance in the digital economy era, improving government spending efficiency has become a critical governance objective. This study investigates the impact of digital inclusive finance on government spending efficiency from a digital finance systems perspective using county-level panel data in China’s Yangtze River Delta for the period 2014–2022 and constructing the fixed-effects model and instrumental variable method to estimate the effect of digital inclusive finance and explore its underlying mechanisms. Heterogeneity across regions with varying economic development levels is analyzed, and fiscal pressure is examined as a potential mediating factor. The results indicate that (1) digital inclusive finance significantly enhances government spending efficiency, primarily through broad service coverage and deep usage of digital financial services such as mobile payments, digital credit, and insurance; (2) the positive effect is more pronounced in counties with lower government spending efficiency and economic development; and (3) fiscal pressure acts as a key transmission channel, with broader digital inclusive finance coverage helping to alleviate fiscal stress and improve government spending efficiency. These findings offer empirical insights into the role of digital finance in promoting effective and adaptive public financial governance. Full article