We utilize the introduction of a mobile payment technology by the largest bank in Singapore in 2017 to study how mobile …-shock period, as well as closure of ATM machines by the bank. The reduced transaction cost also allows consumers to increase their … credit card spending, which associates with more credit card opening and higher credit limit provision by the bank. We …

platforms, we conduct a comprehensive analysis of the impact of unexpected demonetization in India on payment digitization. The … drying-up of cash due to demonetization leads to a significant increase in the level of payment digitization and the rise … in enabling new digitization technologies to make inroads into consumer payment habits. Heterogeneity tests reveals that …