Digital Wallets and Crypto Payment Systems: A Bibliometric Study of FinTech Integration
DOI:
https://doi.org/10.58812/wsshs.v3i09.2268Keywords:
Digital Wallets, Crypto Payment Systems, Blockchain, Bibliometric Analysis, VOSviewerAbstract
This study presents a comprehensive bibliometric analysis of the academic literature surrounding digital wallets and crypto payment systems, two pivotal components of the evolving FinTech landscape. By utilizing data from the Scopus database and visualizing it through VOSviewer, the study maps co-occurrence of keywords, co-authorship networks, institutional collaboration, and country-level partnerships. Findings reveal that blockchain technology serves as the central anchor of research, connecting diverse themes such as smart contracts, authentication, digital assets, and decentralized finance (DeFi). Temporal analyses show a progression from foundational infrastructure studies to more application-driven topics like non-fungible tokens (NFTs) and crypto wallets. Co-authorship and collaboration networks highlight key contributors and regions, with India, the United States, and select European countries leading scholarly production and partnerships. The study provides theoretical contributions by identifying core research clusters and emerging themes, while offering practical implications for regulators, developers, and financial service providers aiming to integrate digital and crypto payment solutions. Limitations include database scope and the inherent constraints of bibliometric methods, suggesting avenues for future mixed-method or qualitative enrichment.
References
[1] T. Fareed, “A systemic review of payment technologies with a special focus on digital wallets,” Financ. Technol. DeFi A Revisit to Digit. Financ. Revolut., pp. 89–97, 2023.
[2] J.-P. Boly et al., “The ESPRIT project CAFE—High security digital payment systems,” in European Symposium on Research in Computer Security, Springer, 1994, pp. 217–230.
[3] N. V. KANDIMALLA and V. BARI, “Digital wallet payments,” 2019.
[4] P.-W. Chen, B.-S. Jiang, and C.-H. Wang, “Blockchain-based payment collection supervision system using pervasive Bitcoin digital wallet,” in 2017 IEEE 13th international conference on wireless and mobile computing, networking and communications (WiMob), IEEE, 2017, pp. 139–146.
[5] M. R. Ahmed, K. Meenakshi, M. S. Obaidat, R. Amin, and P. Vijayakumar, “Blockchain based architecture and solution for secure digital payment system,” in ICC 2021-IEEE International Conference on Communications, IEEE, 2021, pp. 1–6.
[6] A. Bana and A. Osmanourtashi, “Blockchain and Private International Law: Implications for Crypto, Payment Systems, Digital Wallets and Jurisdictional Concerns,” Bus. L. Int’l, vol. 24, p. 121, 2023.
[7] R. Widjojo, “The development of digital payment systems in Indonesia: a review of go-pay and ovo e-wallets,” Econ. Altern., vol. 3, pp. 384–395, 2020.
[8] R. Gupta, C. Kapoor, and J. Yadav, “Acceptance towards digital payments and improvements in cashless payment ecosystem,” in 2020 International Conference for Emerging Technology (INCET), IEEE, 2020, pp. 1–9.
[9] N. Donthu, S. Kumar, D. Mukherjee, N. Pandey, and W. M. Lim, “How to conduct a bibliometric analysis: An overview and guidelines,” J. Bus. Res., vol. 133, pp. 285–296, 2021.
[10] M. S. Farooq, M. Khan, and A. Abid, “A framework to make charity collection transparent and auditable using blockchain technology,” Comput. Electr. Eng., vol. 83, p. 106588, 2020.
[11] A. Mikhaylov, “Understanding the risks associated with wallets, depository services, trading, lending, and borrowing in the crypto space,” J. Infrastructure, Policy Dev., vol. 7, no. 3, p. 2223, 2023.
[12] C. Sas and I. E. Khairuddin, “Exploring trust in Bitcoin technology: a framework for HCI research,” in Proceedings of the Annual Meeting of the Australian Special Interest Group for Computer Human Interaction, 2015, pp. 338–342.
[13] S. Bhujel and Y. Rahulamathavan, “A survey: Security, transparency, and scalability issues of nft’s and its marketplaces,” Sensors, vol. 22, no. 22, p. 8833, 2022.
[14] J. Logeshwaran, V. A. K. Gorantla, V. Gude, and B. Gorantla, “The Smart Performance Analysis of Cyber Security Issues in Crypto Currency Using Blockchain,” in 2023 6th International Conference on Contemporary Computing and Informatics (IC3I), IEEE, 2023, pp. 2235–2241.
[15] H. Rezaeighaleh and C. C. Zou, “New secure approach to backup cryptocurrency wallets,” in 2019 IEEE Global Communications Conference (GLOBECOM), IEEE, 2019, pp. 1–6.
[16] A. Holub and J. O’Connor, “COINHOARDER: Tracking a ukrainian bitcoin phishing ring DNS style,” in 2018 APWG Symposium on Electronic Crime Research (eCrime), IEEE, 2018, pp. 1–5.
[17] W.-M. Lee, “Beginning ethereum smart contracts programming,” With Examples Python, Solidity JavaScript, 2019.
[18] R. Upadhyaya and A. Jain, “Cyber ethics and cyber crime: A deep dwelved study into legality, ransomware, underground web and bitcoin wallet,” in 2016 International Conference on Computing, Communication and Automation (ICCCA), IEEE, 2016, pp. 143–148.
[19] F. Alvarez, D. Argente, and D. Van Patten, “Are cryptocurrencies currencies? Bitcoin as legal tender in El Salvador,” Science (80-. )., vol. 382, no. 6677, p. eadd2844, 2023.
Downloads
Published
Issue
Section
License
Copyright (c) 2025 Loso Judijanto

This work is licensed under a Creative Commons Attribution-ShareAlike 4.0 International License.









