The study revealed that the companies are still reluctant to stop using document-based payment methods although they are aware the use of electronic payment system would reduce expenses and save time. Considering problems that are suggested in the con...
The study revealed that the companies are still reluctant to stop using document-based payment methods although they are aware the use of electronic payment system would reduce expenses and save time. Considering problems that are suggested in the conventional payment method, more companies will introduce and utilize the electronic payment system. Moreover, as the refined electronic payment system is essential in electronic trade, active studies on this field would greatly contribute to the development of electronic payment system.
The prevailing settlement of international trade still relies on trading documents while the legal issues are not finalized for electronic bill of lading (B/L) and electronic bill. Further studies on this subject would be helpful.