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Abstract
Cashless financial transactions require information technology to transfer funds for the payment of needs, expenditures, and local government revenues. The potential that causes fraud and corruption can be minimized with non-cash transactions because financial transactions are more transparent. This study aims to identify fraud prevention strategies by implementing a cashless policy. This research was conducted systematically through an article search engine using the keywords "Casslhless" and "Fraud," which was then entered into the Scopus journal search engine based on secondary data in the publish or perish application 8. Then, journals and articles were selected based on the title theme and looked at the quality of the article. The result of this study is that local government payment system innovations have led to changes in payment options by switching to non-cash transactions that are safer, more effective, and efficient. Cashless payments can prevent corrupt practices such as money laundering, bribery, and commissions for services or procurement. People will use non-cash transactions if the local government forces non-cash payments in urban and rural areas with the support of the internet and promising technology. Local governments must report further non-cash payments and prioritize non-cash payments and make policies and innovations such as payment of social assistance to the community using digital money and payment of retribution using non-cash to increase local revenue.
Keywords: Cashless, Corruption, Fraud.
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References
- Abdallah, A., Maarof, M. A., & Zainal, A. (2016). Fraud detection system: A survey. Journal of Network and Computer Applications, 68, 90–113. https://doi.org/10.1016/j.jnca.2016.04.007
- Aggarwal, K., Malik, S., Mishra, D. K., & Paul, D. (2021). Moving from Cash to Cashless Economy: Toward Digital India. Journal of Asian Finance, Economics and Business, 8(4), 43–54. https://doi.org/10.13106/jafeb.2021.vol8.no4.0043
- Alaeddin, O., Altounjy, R., Abdullah, N., Zainudin, Z., & Kantakji, M. H. (2019). The future of corruption in the era of cashless society. Humanities and Social Sciences Reviews, 7(2), 454–458. https://doi.org/10.18510/hssr.2019.7253
- Alfada, A. (2019). The destructive effect of corruption on economic growth in Indonesia: A threshold model. Heliyon, 5(10), e02649. https://doi.org/10.1016/j.heliyon.2019.e02649
- Fernando, A. B., Shreevasta, Desprianto, F., Gaol, F. L., & Oktavia, T. (2020). The Design of Smart Cashless Transaction. ACM International Conference Proceeding Series, 86–90. https://doi.org/10.1145/3385209.3385227
- Gobena, M. A., & Kebede, D. G. (2021). Cash economy, criminality and cash regulation in Ethiopia. Journal of Money Laundering Control, ahead-of-print(ahead-of-print). https://doi.org/10.1108/JMLC-06-2021-0065
- Lokanan, M. E. (2015). Challenges to the fraud triangle: Questions on its usefulness. Accounting Forum, 39(3), 201–224. https://doi.org/10.1016/j.accfor.2015.05.002
- Martell, T. F. (1981). Book reviews 155. 155–156.
- Ogbeide, S. O. (2019). Empirical assessment of the effects of cashless policy on financial inclusion in the Nigerian emerging economy. Accounting, 5(2), 61–68. https://doi.org/10.5267/j.ac.2018.07.003
- Rahman, M., Ismail, I., & Bahri, S. (2020). Analysing consumer adoption of cashless payment in Malaysia. Digital Business, 1(1), 100004. https://doi.org/10.1016/j.digbus.2021.100004
- Risky, F. R., Irianto, G., & Subekti, I. (2020). Cashless Transaction Policy: The Strategy of Fraud Prevention in Jakarta Province, Indonesia. 144(Afbe 2019), 149–153. https://doi.org/10.2991/aebmr.k.200606.023
- Sabani, A., Farah, M. H., & Sari Dewi, D. R. (2019). Indonesia in the spotlight: Combating corruption through ICT enabled governance. Procedia Computer Science, 161, 324–332. https://doi.org/10.1016/j.procs.2019.11.130
- Shekhar, S., Manoharan, B., & Rakshit, K. (2020). Going cashless: Change in institutional logic and consumption practices in the face of institutional disruption. Journal of Business Research, 114(October 2018), 60–79. https://doi.org/10.1016/j.jbusres.2020.04.010
- Sreenu, N. (2020). Cashless Payment Policy and Its Effects on Economic Growth of India: An Exploratory Study. ACM Transactions on Management Information Systems, 11(3). https://doi.org/10.1145/3391402
- Tade, O., & Adeniyi, O. (2020). Dimensions of Electronic Fraud and Governance of Trust in Nigeria’s Cashless Ecosystem. International Journal of Offender Therapy and Comparative Criminology, 64(16), 1717–1740. https://doi.org/10.1177/0306624X20928028
- Udo, Z., & Oghenekaro, G. (2019). Cashless Policy and Its Impact on the Nigerian Economy. International Journal of Education and Research, 7(3), 81–88. www.ijern.com
- Wong, T. L., Lau, W. Y., & Yip, T. M. (2020). Cashless Payments and Economic Growth: Evidence from Selected OECD Countries. Journal of Central Banking Theory and Practice, 9(2015), 189–213. https://doi.org/10.2478/jcbtp-2020-0028
- Yakean, S. (2020). E-Payment System Drive Thailand to Be a Cashless Society. Review of Economics and Finance, 18, 87–91. https://doi.org/10.55365/1923.X2020.18.10
- YAKEAN, S. (2020). Advantages and Disadvantages of a Cashless System in Thailand during the COVID-19 Pandemic. Journal of Asian Finance, Economics and Business, 7(12), 385–388. https://doi.org/10.13106/JAFEB.2020.VOL7.NO12.385
References
Abdallah, A., Maarof, M. A., & Zainal, A. (2016). Fraud detection system: A survey. Journal of Network and Computer Applications, 68, 90–113. https://doi.org/10.1016/j.jnca.2016.04.007
Aggarwal, K., Malik, S., Mishra, D. K., & Paul, D. (2021). Moving from Cash to Cashless Economy: Toward Digital India. Journal of Asian Finance, Economics and Business, 8(4), 43–54. https://doi.org/10.13106/jafeb.2021.vol8.no4.0043
Alaeddin, O., Altounjy, R., Abdullah, N., Zainudin, Z., & Kantakji, M. H. (2019). The future of corruption in the era of cashless society. Humanities and Social Sciences Reviews, 7(2), 454–458. https://doi.org/10.18510/hssr.2019.7253
Alfada, A. (2019). The destructive effect of corruption on economic growth in Indonesia: A threshold model. Heliyon, 5(10), e02649. https://doi.org/10.1016/j.heliyon.2019.e02649
Fernando, A. B., Shreevasta, Desprianto, F., Gaol, F. L., & Oktavia, T. (2020). The Design of Smart Cashless Transaction. ACM International Conference Proceeding Series, 86–90. https://doi.org/10.1145/3385209.3385227
Gobena, M. A., & Kebede, D. G. (2021). Cash economy, criminality and cash regulation in Ethiopia. Journal of Money Laundering Control, ahead-of-print(ahead-of-print). https://doi.org/10.1108/JMLC-06-2021-0065
Lokanan, M. E. (2015). Challenges to the fraud triangle: Questions on its usefulness. Accounting Forum, 39(3), 201–224. https://doi.org/10.1016/j.accfor.2015.05.002
Martell, T. F. (1981). Book reviews 155. 155–156.
Ogbeide, S. O. (2019). Empirical assessment of the effects of cashless policy on financial inclusion in the Nigerian emerging economy. Accounting, 5(2), 61–68. https://doi.org/10.5267/j.ac.2018.07.003
Rahman, M., Ismail, I., & Bahri, S. (2020). Analysing consumer adoption of cashless payment in Malaysia. Digital Business, 1(1), 100004. https://doi.org/10.1016/j.digbus.2021.100004
Risky, F. R., Irianto, G., & Subekti, I. (2020). Cashless Transaction Policy: The Strategy of Fraud Prevention in Jakarta Province, Indonesia. 144(Afbe 2019), 149–153. https://doi.org/10.2991/aebmr.k.200606.023
Sabani, A., Farah, M. H., & Sari Dewi, D. R. (2019). Indonesia in the spotlight: Combating corruption through ICT enabled governance. Procedia Computer Science, 161, 324–332. https://doi.org/10.1016/j.procs.2019.11.130
Shekhar, S., Manoharan, B., & Rakshit, K. (2020). Going cashless: Change in institutional logic and consumption practices in the face of institutional disruption. Journal of Business Research, 114(October 2018), 60–79. https://doi.org/10.1016/j.jbusres.2020.04.010
Sreenu, N. (2020). Cashless Payment Policy and Its Effects on Economic Growth of India: An Exploratory Study. ACM Transactions on Management Information Systems, 11(3). https://doi.org/10.1145/3391402
Tade, O., & Adeniyi, O. (2020). Dimensions of Electronic Fraud and Governance of Trust in Nigeria’s Cashless Ecosystem. International Journal of Offender Therapy and Comparative Criminology, 64(16), 1717–1740. https://doi.org/10.1177/0306624X20928028
Udo, Z., & Oghenekaro, G. (2019). Cashless Policy and Its Impact on the Nigerian Economy. International Journal of Education and Research, 7(3), 81–88. www.ijern.com
Wong, T. L., Lau, W. Y., & Yip, T. M. (2020). Cashless Payments and Economic Growth: Evidence from Selected OECD Countries. Journal of Central Banking Theory and Practice, 9(2015), 189–213. https://doi.org/10.2478/jcbtp-2020-0028
Yakean, S. (2020). E-Payment System Drive Thailand to Be a Cashless Society. Review of Economics and Finance, 18, 87–91. https://doi.org/10.55365/1923.X2020.18.10
YAKEAN, S. (2020). Advantages and Disadvantages of a Cashless System in Thailand during the COVID-19 Pandemic. Journal of Asian Finance, Economics and Business, 7(12), 385–388. https://doi.org/10.13106/JAFEB.2020.VOL7.NO12.385