Assessing the critical factors influencing bank card usage in international transactions: A prisma approach

Abstract

This study systematically evaluates the critical factors influencing bank card usage on international transactions using the PRISMA (Preferred Reporting Items for Systematic Reviews and Meta-Analyses) approach. Despite the increasing significance of bank cards in facilitating cross-border transactions, there is a gap in understanding the determinants shaping consumers’ decisions to use bank cards internationally. Hence, the research objective is to address this gap by synthesising existing literature to identify common themes, patterns, and gaps related to bank card usage in international settings. A systematic review of relevant studies was conducted following the PRISMA guidelines, including a comprehensive search strategy, study selection, data extraction, and synthesis. Through the synthesis of existing literature, common themes such as convenience, security, cultural influences, regulatory frameworks, and consumer barriers were identified. The study highlights the emergence of contactless payment technologies as a significant driver of bank card usage globally. Practical implications derived from these findings suggest the need for tailored strategies by financial institutions, policymakers, and businesses to enhance the accessibility, security, and efficiency of cross-border payment systems. Recommendations include fostering collaboration among stakeholders to maximise the potential of contactless payment technologies, addressing cultural, demographic, and socioeconomic factors in international contexts, and implementing forward-looking regulatory frameworks to promote trust and innovation in cross-border transactions.