The impact of e-wallets in digital finance

Abstract

   The research aims to shed light on an important tool that helps in implementing digital finance, a field of interest to researchers, companies, and individuals. This tool is the electronic wallet, which provides features that facilitate digital financial transactions for large segments of society without the need for a dedicated bank account. It can be used with a smartphone with a local phone number and a communication network in any geographical area. The electronic wallets used were the Zain Cash wallets, provided by the Zain Iraq mobile network. The research used a quantitative analytical and statistical approach by collecting real quantitative data from the Central Bank of Iraq's website, preparing it, and testing a simple linear regression analysis statistically using EViews 10. Microsoft Excel 16 was also used to prepare the data and calculate the natural logarithm to achieve the best results in the statistical test. The results concluded that the use of electronic wallets has a statistically significant impact on enhancing digital finance. The research proposes testing a larger number of electronic wallets to determine their impact on digital financial inclusion.