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Business and Economics > Banks and Banking

You are looking at 1 - 3 of 3 items for :

  • Type: Journal Issue x
  • Microelectronics; Computers; Communications Equipment x
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Cover IMF Working Papers
Mobile Internet, Collateral, and Banking
Angelo D’Andrea
,
Patrick Hitayezu
,
Kangni R Kpodar
,
Nicola Limodio
, and
Andrea F Presbitero
Combining administrative data on credit, internet penetration and a land reform in Rwanda, this paper shows that the complementarity between technology and law can overcome financial frictions. Leveraging quasi-experimental variation in 3G availability from lightning strikes and incidental coverage, we show that mobile connectivity steers borrowers from microfinance to commercial banks and improves loan terms. These effects are partly due to the role of 3G internet in facilitating the acquisition of land titles from the reform, used as a collateral for bank loans and mortgages. We quantify that the collateral's availability mediates 35% of the overall effect of mobile internet on credit and 80% for collateralized loans.
Keywords:
Banks; Credit; High-speed Internet; Mobile; Technological Change; internet penetration; loan term; collateral's availability; loan characteristic; credit market; Mobile internet; Bank credit; Loans; Commercial banks; Financial inclusion; Africa
Cover IMF Working Papers
The Real Effects of Mobile Money: Evidence from a Large-Scale Fintech Expansion
Manasa Patnam
and
Weijia Yao
Mobile money services have rapidly expanded across emerging and developing economies and enabled new ways through which households and firms can conduct payments, save and send remittances. We explore how mobile money use can impact economic outcomes in India using granular data on transactions from Paytm, one of the largest mobile money service provider in India with over 400 million users. We exploit the period around the demonetization policy, which prompted a surge in mobile money adoption, and analyze how mobile money affects traditional risk-sharing arrangements. Our main finding is that mobile money use increases the resilience to shocks by dampening the impact of rainfall shocks on nightlights-based economic activity and household consumption. We complement these findings by conducting a firm survey around a phased targeting intervention which incentivized firms to adopt the mobile payment technology. Our results suggest that firms adopting mobile payments improved their sales after six-months of use, compared to other firms. We also elicit firms’ subjective expectations on future sales and find mobile payment adoption to be associated with lower subjective uncertainty and greater sales optimism.
Keywords:
WP; control firm; control group firm; firm sale; rainfall shock; treatment firm; treatment group firm; economic activity; Mobile banking; Mobile internet; Currency reform; Fintech; South Asia; Global; payment technology
Cover Departmental Papers
Measuring Financial Access: 10 Years of the IMF Financial Access Survey
Marco A Espinosa-Vega
,
Ms. Kazuko Shirono
,
Mr. Hector Carcel Villanova
,
Ms. Bidisha Das
, and
Ms. Yingjie Fan
This departmental paper marks the 10th anniversary of the IMF Financial Access Survey (FAS). It offers a retrospective of the FAS database, along with some reflections as to its future directions. Since its 2009 launch, the FAS has provided granular data on access to and use of financial services. It is a supply-side database with annual global coverage based on data sourced directly from financial service providers—aimed at supporting policymakers to target and evaluate financial inclusion policies. Its data collection has kept pace with financial innovation, such as the rise of mobile money and growing demand for gender-disaggregated data—and the FAS must continue to evolve.
Keywords:
DPPP; DP; FAS indicator; FAS data; FAS usage indicator; FAS gender; FAS Coverage; FAS data collection; internet banking; agent outlet; money agent; Mobile banking; Financial inclusion; Commercial banks; Financial statistics; Global; South Asia; Sub-Saharan Africa; Mobile internet; Asia and Pacific