The Central Bank of Bahrain (CBB) endeavors to maintain a leading position promoting digitalization and increasing innovative
Question:
The Central Bank of Bahrain (CBB) endeavors to maintain a leading position promoting digitalization and increasing innovative financial services. As part of the ongoing efforts towards digital transformation a reality in the National Payment Systems in the Kingdom of Bahrain, the CBB has taken the initiative to introduce electronic cheques (e-Cheques), complementing the traditional paper cheques, a popular payment instrument in Bahrain. e-Cheques, which will come into effect on third quarter of 2021, have a special significance as they will retain all basic functions, legal validity and benefits of paper cheques while providing additional benefits including entirely paperless payment experience for customers who rely on e-Cheques to conduct their day-to-day transactions or business.
As e-cheques implementation is approaching, we need to understand if the community is ready for the change. As a result, it is important to understand the Bahraini cheques user community readiness for receiving and using the electronic cheques.
Different research studies revealed that, some factors influencing the adaptation of e-cheques might include:
- Perceived usefulness
- Perceived ease of use
- Intention to use
- Availability
- Flexibility
- Trust Security
- What is the actual sample size? From previous experience the likely response rate would be approximately 60 per cent
- The population of kingdom of Bahrain is Approximately 1.7 million and only 20% of this population are using traditional cheques:
- What is the size of sample for the above case?
Dynamic Business Law The Essentials
ISBN: 978-0073524979
2nd edition
Authors: Nancy Kubasek, Neil Browne, Daniel Herron