References
- Akybayeva, G., Kazbekov, T., Mambetova, S., & Aikenova, R. (2024). Toward a New Economy: Digital Currency and International Development. Collection of papers new economy, 2, 47-62. https://doi.org/10.61432/CPNE0201047a
- Al-Okaily, M., Alqudah, H., Al-Qudah, A. A., Al-Qadi, N. S., Elrehail, H., & Al-Okaily, A. (2023). Does financial awareness increase the acceptance rate for financial inclusion? An empirical examination in the era of digital transformation. Kybernetes, 52(11), 4876-4896. https://doi.org/10.1108/k-08-2021-0710
- Al-Qudah, A. A., Al-Okaily, M., Alqudah, G., & Ghazlat, A. (2024). Mobile payment adoption in the time of the COVID-19 pandemic. Electronic Commerce Research, 24(1), 427–451. https://doi.org/10.1007/s10660-022-09577-1
- Asif, M., Ishtiaq, U., & Argyros, I. K. (2025). Hamacher Aggregation Operators for Pythagorean Fuzzy Set and its Application in Multi-Attribute Decision-Making Problem. Spectrum of Operational Research, 2(1), 27-40. https://doi.org/10.31181/sor2120258
- Azis, M., Hidayati, T., Abidin, Z., & Sukor Jaafar, M. (2024). Currency Exchange Rate Volatility as a Moderating Effect of the Gold and Coal Price Against Fund Age and Mutual Fund in Indonesia. Economics - innovative and economics research journal, 12(3), 257–278. https://doi.org/10.2478/eoik-2024-0041
- Baham, C., Kalgotra, P., Nasirpouri Shadbad, F., & Sharda, R. (2023). Generational differences in handling technology interruptions: a qualitative study. European Journal of Information Systems, 32(5), 858-878. https://doi.org/10.1080/0960085x.2022.2070557
- Barroso, M., & Laborda, J. (2022). Digital transformation and the emergence of the Fintech sector: Systematic literature review. Digital Business, 2(2), 100028. https://doi.org/10.1016/j.digbus.2022.100028
- Batta, K., Arora, S., & Pandey, A. (2022). Financial Inclusion in India Through Micro Units Schemes-Sustainable Development for the Five Year (2015-20) Study. Opportunities and Challenges in Sustainability, 1(2), 116-127. https://doi.org/10.56578/ocs010204
- Biswas, A., Gazi, K. H., Bhaduri, P., & Mondal, S. P. (2024). Neutrosophic fuzzy decision-making framework for site selection. Journal of Decision Analytics and Intelligent Computing, 4(1), 187–215. https://doi.org/10.31181/jdaic10004122024b
- Biswas, S., & Pamucar, D. (2023). A modified EDAS model for comparison of mobile wallet service providers in India. Financial Innovation, 9(1), 41. https://doi.org/10.1186/s40854-022-00443-5
- Blanc, J., Fare, M., & Lafuente-Sampietro, O. (2022). Local currencies for territorial development: lessons from a national survey in France. Regional Studies, Online first. https://doi.org/10.1080/00343404.2022.2120974
- Bruggink, D. (2022). The internal cards market in Europe from 2002 to 2020: A success or a failure? Journal of Payments Strategy & Systems, 16(3), 265. https://doi.org/10.69554/mzrt9773
- Cho, M. H., & Yi, C. G. (2022). Adaptive Social Innovation Derived from Digital Economy and Its Impact on Society and Policy. Sustainability, 14(6). https://doi.org/10.3390/su14063408
- Cotugno, M., Manta, F., Perdichizzi, S., & Stefanelli, V. (2024). Ready for a digital Euro? Insights from a research agenda. Research in International Business and Finance, 67, 102117. https://doi.org/10.1016/j.ribaf.2023.102117
- Crisan, G. A., Popescu, M. E., Militaru, E., & Cristescu, A. (2023). EU Diversity in Terms of Digitalization on the Labor Market in the Post-COVID-19 Context. Economies, 11(12), 293. https://doi.org/10.3390/economies11120293
- Cristea, M., Noja, G. G., Găinaru, T. A., & Tălăban, C. D. (2023). Digital Transformation and Its Implications on Educational Quality: An Empirical Analysis Within the European Union Context. Opportunities and Challenges in Sustainability, 2(3), 130-140. https://doi.org/10.56578/ocs020302
- Darko, A. P., Liang, D., Xu, Z., Agbodah, K., & Obiora, S. (2023). A novel multi-attribute decision-making for ranking mobile payment services using online consumer reviews. Expert Systems with Applications, 213, 119262. https://doi.org/10.1016/j.eswa.2022.119262
- De Portu, T. (2022). New trends in retail payments: How technological changes are reshaping the payments system. Introducing a proposal for a new pan-European instant payment system. Latin American Journal of Central Banking, 3(4), 100075. https://doi.org/10.1016/j.latcb.2022.100075
- Diakoulaki, D., Mavrotas, G., & Papayannakis, L. (1995). Determining objective weights in multiple criteria problems: The critic method. Computers & Operations Research, 22(7), 763-770. https://doi.org/10.1016/0305-0548(94)00059-h
- Domingos, M. M., António, N. S., & Pinheiro, C. M. (2023). Promoting the integration of payment markets: A stakeholder’s vision. European Business Organization Law Review, 24, 69-92 https://doi.org/10.1007/s40804-022-00245-3
- Essien, N. A., Umah, C. A., Amarachi, I. A. U., & Samson, T. K. (2024). Modeling Retail Price Volatility of Selected Food Items in Cross River State, Nigeria Using GARCH Models. Acadlore Transactions on Applied Mathematics and Statistics, 2(2), 94-103. https://doi.org/10.56578/atams020204
- Eunice Ratombo, N., & Pleasure Mongale, I. (2024). Examining the Relationship Between Mobile Cellular Subscriptions and Inclusive Growth: SADC Members. Economics - innovative and economics research journal, 12(3), 337–362. https://doi.org/10.2478/eoik-2024-0019
- Frączek, B., & Urbanek, A. (2021). Financial inclusion as an important factor influencing digital payments in passenger transport: A case study of EU countries. Research in Transportation Business & Management, 41, 100691. https://doi.org/10.1016/j.rtbm.2021.100691
- Fu, W., Sun, J., & Lee, X. (2023). Research on the Openness of Digital Platforms Based on Entropy-Weighted TOPSIS: Evidence from China. Sustainability, 15(4), 3322. https://doi.org/10.3390/su15043322
- Gajović, A. (2024). Digitalization of the European Green Deal (EGD) and Sustainable Development Goals (SDG) - a Factor in Empowering Sustainable Local Projects: A Review of Literature and Potential Achievements. Collection of papers new economy, 2, 129-146. https://doi.org/10.61432/CPNE0201129g
- Hristozov, Y., & Nozharov, S. (2024). Prerequisites for Business Development in South- Eastern Europe in the Conditions of Polycrisis and Digital Transformation. Economics - innovative and economics research journal, 12(2), 163-175. https://doi.org/10.2478/eoik-2024-0023
- Huang, G., Ma, L., Xietian, Z., & Huang, X. (2024). Servitization of manufacturing and China’s power status upgrading of global value network. Structural Change and Economic Dynamics, 68, 313-328. https://doi.org/10.1016/j.strueco.2023.11.005
- Hussain, S., Chen, J.-H., & Hussain, T. (2024). Decision-making framework for improving bank performance in emerging markets: The analysis of AHP-TOPSIS and AHP-GRA models. Journal of Central Banking Theory and Practice, 13(3), 191–218. https://doi.org/10.2478/jcbtp-2024-0027
- Jantoń-Drozdowska, E., & Mikołajewicz-Woźniak, A. (2017). The impact of the distributed ledger technology on the single euro payments area development. Equilibrium. Quarterly Journal of Economics and Economic Policy, 12(3), 519-535. https://doi.org/10.24136/eq.v12i3.28
- Jegerson, D., & Hussain, M. (2023). A framework for measuring the adoption factors in digital mobile payments in the COVID-19 era. International Journal of Pervasive Computing and Communications, 19(4), 596–623. https://doi.org/10.1108/IJPCC-12-2021-0307
- Kajtazi, K., & Fetai, B. (2022). Does the Remittance Generate Economic Growth in the South East European Countries? Scientific Annals of Economics and Business, 69(1), 57–67. https://doi.org/10.47743/saeb-2022-0004
- Kannan, J., Jayakumar, V., & Pethaperumal, M. (2025). Advanced Fuzzy-Based Decision-Making: The Linear Diophantine Fuzzy CODAS Method for Logistic Specialist Selection. Spectrum of Operational Research, 2(1), 41-60. https://doi.org/10.31181/sor2120259
- Khan, M. A. (2023). Does monetary policy solely correct disequilibrium in the balance of payment? Evidence from the developing world. Journal of Central Banking Theory and Practice, 12(1), 57–85. https://doi.org/10.2478/jcbtp-2023-0004
- Kim, E., Kim, M., & Kyung, Y. (2022). A case study of digital transformation: Focusing on the financial sector in South Korea and overseas. Asia Pacific Journal of Information Systems, 32(3), 537-563. https://doi.org/10.14329/apjis.2022.32.3.537
- Kulk, E. (2021). Request to pay: Monetising the instant payments investment. Journal of Digital Banking, 5(3), 194. https://doi.org/10.69554/wvpg8224
- Kumar, V., Kumar, R., Goel, R., Singh, T., & Kaur, M. J. (2024). The evolution of digital marketing technologies: a fuzzy TOPSIS approach to selected technology in E-commerce platform. International Journal of System Assurance Engineering and Management, Online first. https://doi.org/10.1007/s13198-024-02576-5
- Kwilinski, A., Lyulyov, O., & Pimonenko, T. (2023). The Coupling and Coordination Degree of Digital Business and Digital Governance in the Context of Sustainable Development. Information, 14(12), 651. https://doi.org/10.3390/info14120651
- Levin, I., & Mamlok, D. (2021). Culture and Society in the Digital Age. Information, 12(2), 68. https://doi.org/10.3390/info12020068
- Louzek, M. (2023). Is the eurozone an optimum currency area? International Journal of Economic Sciences, 12(2), 63-82. https://doi.org/10.52950/es.2023.12.2.004
- Lytvyn, O., Kudin, V., Onyshchenko, A., Nikolaiev, M., & Chaplynska, N. (2024). Integration of Digital Means in the Financial Sphere: The Potential of Cloud Computing, Blockchain, Big Data and AI. Financial and Credit Activity: Problems of Theory and Practice, 1(54), 127–145. https://doi.org/10.55643/fcaptp.1.54.2024.4257
- Mansour, H. (2022). How successful countries are in promoting digital transactions during COVID-19. Journal of Economic Studies, 49(3), 435–452. https://doi.org/10.1108/jes-10-2020-0489
- Mavlutova, I., Spilbergs, A., Verdenhofs, A., Natrins, A., Arefjevs, I., & Volkova, T. (2023). Digital Transformation as a Driver of the Financial Sector Sustainable Development: An Impact on Financial Inclusion and Operational Efficiency. Sustainability, 15(1). https://doi.org/10.3390/su15010207
- Milošević, I. M., Plotnic, O., Tick, A., Stanković, Z., & Buzdugan, A. (2024). Digital Transformation in Manufacturing: Enhancing Competitiveness Through Industry 4.0 Technologies. Precision Mechanics & Digital Fabrication, 1(1), 31-40. https://doi.org/10.56578/pmdf010104
- Mökander, J., Axente, M., Casolari, F., & Floridi, L. (2022). Conformity assessments and post-market monitoring: A guide to the role of auditing in the proposed European AI regulation. Minds and Machines, 32(2), 241–268. https://doi.org/10.1007/s11023-021-09577-4
- Niemand, T., Rigtering, J. P. C., Kallmünzer, A., Kraus, S., & Maalaoui, A. (2021). Digitalization in the financial industry: A contingency approach of entrepreneurial orientation and strategic vision on digitalization. European Management Journal, 39(3), 317–326. https://doi.org/10.1016/j.emj.2020.04.008
- Oliinyk, A. (2024). Comparative Study of Digitalization Impact on Global Goods and Services Markets in Advanced and Developing Economies. Economics - innovative and economics research journal, 12(2), 195–218. https://doi.org/10.2478/eoik-2024-0026
- Ozili, P. K., & Alonso, S. L. N. (2024). Central bank digital currency adoption challenges, solutions, and a sentiment analysis. Journal of Central Banking Theory and Practice, 13(1), 133-165. https://doi.org/10.2478/jcbtp-2024-0007
- Popescu, A. I. (2024). The evolution of on-demand platforms: Conceptual framework, regulatory challenges, and policy implications in the digital economy. International Journal of Economic Sciences, 13(2), 55-86. https://doi.org/10.52950/es.2024.13.2.004
- Putrevu, J., & Mertzanis, C. (2024). The adoption of digital payments in emerging economies: challenges and policy responses. Digital Policy Regulation and Governance, 26(5), 476–500. https://doi.org/10.1108/dprg-06-2023-0077
- Radosavljević, K. (2023). Digital Transformation and Risk Mitigation in Emerging Insurance Markets: A Comparative Analysis Between China and Serbia. Opportunities and Challenges in Sustainability, 2(2), 104-115. https://doi.org/10.56578/ocs020205
- Radovanović, M., Jovčić, S., Petrovski, A., & Cirkin, E. (2025). Evaluation of University Professors Using the Spherical Fuzzy AHP and Grey MARCOS Multi-Criteria Decision-Making Model: A Case Study. Spectrum of Decision Making and Applications, 2(1), 198-218. https://doi.org/10.31181/sdmap21202518
- Santamaría, J. (2021). Developments in fast payments in the Single Euro Payments Area. Journal of Payments Strategy and Systems, 15(4), 355-359. https://doi.org/10.69554/iwmv1538
- Saunavaara, J., Laine, A., & Salo, M. (2022). The Nordic societies and the development of the data centre industry: Digital transformation meets infrastructural and industrial inheritance. Technology in Society, 69. https://doi.org/10.1016/j.techsoc.2022.101931
- Shostak, L., Lipych, L., Anatolii, F., Volynets, I., Andrew, U., & Morokhova, V. (2024). Business Models of Enterprises in the Conditions of Digital Transformation: Global and Domestic Experience. Economics - innovative and economics research journal, 12(2), 243-261. https://doi.org/10.2478/eoik-2024-0027
- Sleiman, K. A. A., Juanli, L., Lei, H., Liu, R., Ouyang, Y., & Rong, W. (2021). User trust levels and adoption of mobile payment systems in China: An empirical analysis. SAGE Open, 11(4). https://doi.org/10.1177/21582440211056599
- Sretenovic, M., & Kovacic, B. (2020). Model payment order in the SEPA system. International Journal of Business Information Systems, 33(4), 531-548. https://doi.org/10.1504/IJBIS.2020.105839
- Stević, Ž., Pamučar, D., Puška, A., & Chatterjee, P. (2020). Sustainable supplier selection in healthcare industries using a new MCDM method: Measurement of alternatives and ranking according to COmpromise solution (MARCOS). Computers & Industrial Engineering, 140, 106231. https://doi.org/10.1016/j.cie.2019.106231
- Szumski, O. (2020). Technological trust from the perspective of digital payment. Procedia Computer Science, 176, 3545–3554. https://doi.org/10.1016/j.procs.2020.09.032
- Tay, L.-Y., Tai, H.-T., & Tan, G.-S. (2022). Digital financial inclusion: A gateway to sustainable development. Heliyon, 8(6), e09766. https://doi.org/10.1016/j.heliyon.2022.e09766
- Tešić, D., & Khalilzadeh, M. (2024). Development of the rough Defining Interrelationships Between Ranked criteria II method and its application in the MCDM model. Journal of Decision Analytics and Intelligent Computing, 4(1), 153–164. https://doi.org/10.31181/jdaic10009102024t
- Thow, A. M., Apprey, C., Winters, J., Stellmach, D., Alders, R., Aduku, L. N. E., Mulcahy, G., & Annan, R. (2021). Understanding the impact of historical policy legacies on nutrition policy space: Economic policy agendas and current food policy paradigms in Ghana. International Journal of Health Policy and Management, 10(12), 909–922 https://doi.org/10.34172/ijhpm.2020.203
- Tsindeliani, I. A., Proshunin, M. M., Sadovskaya, T. D., Popkova, Z. G., Davydova, M. A., & Babayan, O. A. (2022). Digital transformation of the banking system in the context of sustainable development. Journal of Money Laundering Control, 25(1), 165–180. https://doi.org/10.1108/jmlc-02-2021-0011
- Xu, G. W., Ali, D. A., Bhaumik, A., Yang, M. S., & Wang, N. (2023). The Influence of Digital Transformation in Enterprises on the Dynamics of Supply Chain Concentration: An Empirical Analysis of Chinese A-Share Listed Companies. Journal of Organizations, Technology and Entrepreneurship, 1(2), 88-97. https://doi.org/10.56578/jote010202
- Yadav, S., Kaur, G., Kapur, P. K., & Aggarwal, A. G. (2024). Intuitionistic fuzzy and multi-criteria based ranking of mobile payment apps using sentiment score of online reviews. International Journal of System Assurance Engineering and Management. Online first. https://doi.org/10.1007/s13198-024-02649-5
- Yang, L. (2023). Standards-based hierarchical governance of a digital trade network. Transnational Corporations Review, 15(4), 42–49. https://doi.org/10.1016/j.tncr.2023.08.004
- Zatonatskiy, D., & Lavrentiev, M. (2023). Institutional Support for Investing in Critical Infrastructure Objects in Ukraine. Collection of papers new economy, 1, 149-163. https://doi.org/10.61432/CPNE0101149z
- Zhelyazkova, A. (2022). Justifying enforcement or avoiding blame? The transparency of compliance assessments in the European Union. West European Politics, 45(2), 403–429. https://doi.org/10.1080/01402382.2020.1845943