Financial Technology Adoption: Network Externalities of Cashless Payments in Mexico.
Do coordination failures constrain financial technology adoption? Exploiting the Mexican government's rollout of 1 million debit cards to poor households from 2009 to 2012, I examine responses on both sides of the market and find important spillovers and distributional impacts. On the supply side, s...
| Publicado en: | American Economic Review Vol. 114; no. 11; pp. 3469 - 3513 |
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| Formato: | Artículo |
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American Economic Association
Nov2024
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| Acceso en línea: | Ver este registro en EBSCOhost |
| fields | @attributes: recordID: 1 pdfLink: plink: https://search.ebscohost.com/login.aspx?direct=true&db=ssf&AN=180607192&site=ehost-live header: @attributes: shortDbName: ssf uiTerm: 180607192 longDbName: Social Sciences Full Text (H.W. Wilson) uiTag: AN controlInfo: bkinfo: jinfo: jid: 00028282 AER jtl: American Economic Review issn: 00028282 maglogo: N pubinfo: dt: Nov2024 vid: 114 iid: 11 pid: 22 pub: American Economic Association artinfo: ui: 180607192 10.1257/aer.20201952 ppf: 3469 ppct: 44 formats: tig: atl: Financial Technology Adoption: Network Externalities of Cashless Payments in Mexico. aug: au: Higgins, Sean affil: Department of Finance, Kellogg School of Management, Northwestern University su: Supply & demand Innovation adoption Financial technology Point-of-sale systems Electronic funds transfers Debit cards sug: subj: Supply & demand Innovation adoption Other financial transactions processing and clearing house activities Financial Transactions Processing, Reserve, and Clearinghouse Activities Computer and peripheral equipment manufacturing Computer Terminal and Other Computer Peripheral Equipment Manufacturing Financial technology Point-of-sale systems Electronic funds transfers Debit cards ab: Do coordination failures constrain financial technology adoption? Exploiting the Mexican government's rollout of 1 million debit cards to poor households from 2009 to 2012, I examine responses on both sides of the market and find important spillovers and distributional impacts. On the supply side, small retail firms adopted point-of-sale terminals to accept card payments. On the demand side, this led to a 21 percent increase in other consumers' card adoption. The supply-side technology adoption response had positive effects on both richer consumers and small retail firms: richer consumers shifted 13 percent of their supermarket consumption to small retailers, whose sales and profits increased. (JEL E42, L25, L81, O14, O33) pubtype: Academic Journal doctype: Article src: R language: English refInfo: copyright: @attributes: flag: N holdings: @attributes: islocal: N |
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