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EMILIANO TRIA TIRONA MEMORIAL NATIONAL INTEGRATED HIGH SCHOOL

CASHLESS TRANSACTIONS: ITS PERCIEVED BENEFITS TO EMILIANO

TRIA TIRONA MEMORIAL NATIONAL INTEAGRATED SCHOOL SENIOR
HIGH STUDENTS

A Research Proposal
Presented to
Emiliano Tria Tirona Memorial High School
Integrated Senior High School
Gahak, Kawit, Cavite

In Partial Fulfillment
of the Requirements for the Subject
Practical Research 1
(Qualitative Research)

AGASINO, ARENALYN
JAYME, GRACEL JENN
MONZON, RONE MAR
SAMANIEGO, JIMUEL
SELABAO, DANYEL ANGHELO

March 2024
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EMILIANO TRIA TIRONA MEMORIAL NATIONAL INTEGRATED HIGH SCHOOL

CHAPTER 1

This chapter contains the backgound of a study, statement of the problem,

significance of the study, scope and limitation, theoretical framework, and

definition of terms.

1.1 BACKGROUND OF THE STUDY

A cashless society refers to an economic state where financial transactions

do not involve physical banknotes or coins but instead rely on the transfer of

digital information between transacting parties. This concept has historical roots

in barter and alternative exchange methods, and in mordern times, cashless

transaction are facilitated through credit cards, debit cards, and mobile

payments.

Among 10 countries in the Asia- Pacific region, the Philippines experienced

the most significant increase in e-cash adoption during the pandemic. According

to a survey conducted by research agency YouGov for international

cybersecurity firm Kaspersky, Filipino working professionals had the lowest

utilization of digital payment methods at 63% before COVID-19, compared to the

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EMILIANO TRIA TIRONA MEMORIAL NATIONAL INTEGRATED HIGH SCHOOL

regional average of 85%. However, during the pandemic, the Philippines

witnessed the highest surge in first-time users of digital payment methods at

37%, far surpassing the regional average of 15%. Following the Philippines,

India recorded a 23% increase, followed by Australia (15%), Vietnam (14%),

Indonesia and Thailand (both 13%), and Singapore (11%)." The adoption of e-

wallets involves utilizing digital currency through internet banking, debit or credit

cards, and various payment platforms to enhance point-of-sale transactions at

any time and location.

Additionally, e-wallets streamline buying and selling through smartphone

apps, facilitating rapid and hassle-free online shopping. However, it's important

to note that despite these advantages, e-wallets come with security risks,

require charged devices, and may potentially lead to impulsive spending.

This study aims to explore the perceived benefits of cashless transactions

among students at Emilino Tria Tirona Memorial National Integrated High

School. Additionally, the researchers will identify the most commonly used

cashless transaction methods, the challenges faced in their use, and propose

action plans to address these issues.

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EMILIANO TRIA TIRONA MEMORIAL NATIONAL INTEGRATED HIGH SCHOOL

1.2 STATEMENT OF THE PROBLEM

The study will aim to determine the cashless transaction; its perceived

benefits senior high student. Specifically, it will seek to answer the following sub

questions:

1. What are the demographic profile of respondents in terms of:

a. Age

b. Sex

c. Civil status

d. Year in senior high

e. Strand

2. What are the cashless transaction use by the students in senior high

students?

3. What are the perceived benefits of cashless transactions to senior high

students?
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EMILIANO TRIA TIRONA MEMORIAL NATIONAL INTEGRATED HIGH SCHOOL

4. What are the problems encountered by the students in senior high students in

using cashless transactions?

1.3 SIGNIFICANCE OF THE STUDY

The study on cashless transactions offers a multifaceted benefits. For

students, it yields valuable insights into the importance of embracing cashless

transactions. The community benefits from a more convenient payment method,

enhancing overall transaction experiences.

Researchers gain an understanding of the significance and challenges

associated with implementing cashless transactions for students. Moreover,

future researchers find guidance for further exploration in this field, paving the

way for continued advancements and improvements in cashless transaction

systems.

1.4 SCOPE AND LIMITATION

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EMILIANO TRIA TIRONA MEMORIAL NATIONAL INTEGRATED HIGH SCHOOL

The study focuses on exploring the benefits of cashless transaction. It

establish an understanding of the potential outcomes of implementing cashless

transaction. The participants were limited to individuals who are technologically

capable and eligible to open a bank account, as cashless transactions are

connect to bank.

This study limited to respondents who are age ranges from 12 years old and

below, due to they are ineligible in opening a bank account. This research study

was conducted at Emiliano Tria Tirona Memorial National Integrated High

School.

1.5 THORETHICAL FRAMEWORK

Focusing on firm boundaries, transaction cost theory aims to answer the

question of when activities would occur within the market and when they would

occur within the firm (Williamson, 1991). More specifically, transaction cost

theory predicts when the governance forms of hierarchies, markets, or hybrids

(e.g., alliances) will be used. Williamson, who was recognized with a Nobel Prize
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EMILIANO TRIA TIRONA MEMORIAL NATIONAL INTEGRATED HIGH SCHOOL

for his work on transaction costs, theorized that whether activities would be

internalized within a firm depended on their transaction costs. He saw

transactions broadly as transfers of goods or services across interfaces, and

argued that when transaction costs were high, internalizing the transaction

within a hierarchy was the appropriate decision. Conversely, when transaction

costs were low, buying the good or service on the market was the preferred

option. Three dimensions were developed for characterizing transactions.

1.6 DEFINITION OF TERMS

Banks play a crucial role in facilitating cashless transactions by providing the

necessary infrastructure and services for electronic money transfers. In this

study it is a commercial Business that provides financial service to it's customer.

Cashless transactions are transactions that are conducted without the use of

physical cash or coins. In this study this includes payment methods like credit

and debit cards, mobile payments, and digital wallets. In this study it allow users

to borrow money from a financial institution to make purchases and repay the

amount at a later date.

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EMILIANO TRIA TIRONA MEMORIAL NATIONAL INTEGRATED HIGH SCHOOL

Debit cards are a common form of cashless payment, allowing customers to

directly access funds in their bank accounts to make purchases. In this study it

is an expense paid out from an account.

Payments is giving money to someone as an exchange to product or

service. In this study it is made through cashless transactions are typically

processed electronically, with funds transferred from the payer's account to the

payee's account in real-time or with a slight delay.

REFERENCE

https://www.studocu.com/ph/document/bohol-island-state-university/education/
cashless-transactions-chapter-1-research-paper-draft/26451334?fbclid=IwAR2-
wivuou71ix-ECWdGVADcgkvgGJrulkWKA5fqUP_JqUNIRDUrhwbw80U
https://www.studocu.com/ph/document/bohol-island-state-university/education/
cashless-transactions-chapter-1-research-paper-draft/26451334

https://www.studocu.com/ph/document/goldenstate-college/business-
administration/a-study-on-the-impact-of-cashless-transactions-on-people-
spending-behaviour-during-and-after-the-post-pandemic-in-general-santos-city-
02/33862649

https://www.studocu.com/ph/document/university-of-the-east-philippines/
accountancy/journey-towards-cashless-why-cashless-transaction-is-not-gaining-
traction-in-the-philippines/11353057
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EMILIANO TRIA TIRONA MEMORIAL NATIONAL INTEGRATED HIGH SCHOOL

Cashless Transactions chapter 1 research paper draft - CASHLESS

TRANSACTIONS: ITS PERCIEVED