THE IMPACT OF DIGITAL MONEY TRANSFERS ON GLOBAL TRADE

AUTHOR – NOUR TAWFIQ MOHAMMAD ALMUBAIDIN, FACULTY MEMBER OF COMMERCIAL LAW, FACULTY OF LAW/ AL – ISRA UNIVERSITY. EMAIL –NOUR.ALMUBAIDIN@IU.EDU.JO

BEST CITATION – NOUR TAWFIQ MOHAMMAD ALMUBAIDIN, THE IMPACT OF DIGITAL MONEY TRANSFERS ON GLOBAL TRADE, JOURNAL OF RESEARCH ETHICS (JRE), 3 (1) of 2025, Pg. 01-18, APIS – 3920 – 0019 | ISSN – 2583 – 9535.

ABSTRACT

This research investigates the impact of digital money transfer systems on global trade dynamics, focusing on transaction speed, cost efficiency, and accessibility for businesses across diverse markets. The research employs a mixed-methods approach, utilizing quantitative data on transaction volumes and international trade statistics alongside qualitative insights from user experiences across various regions and sectors. Findings reveal that the adoption of digital money transfers significantly enhances the speed and reduces the costs associated with cross-border transactions, enabling small and medium enterprises (SMEs) to participate more actively in global trade. Notably, regions with underdeveloped financial infrastructures demonstrate marked improvements in trade volume as a direct result of increased accessibility to digital payment solutions. These findings underscore the importance of digital money transfer systems not only in facilitating trade but also in promoting economic inclusivity, particularly for SMEs in developing economies. In the context of healthcare, the implications are profound, as streamlined payment processes can reduce transaction times for medical goods and services, thereby addressing critical supply chain inefficiencies that can affect healthcare delivery. Consequently, this study elucidates the vital role of digital finance in enhancing global trade operations and suggests that further integration of these technologies could yield significant benefits for various sectors, including healthcare, by fostering greater economic resilience and accessibility in an increasingly interconnected global market.

Keywords: digital money, transfer, global trade, transaction, global market.