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This paper examines digital finance usage in the UK, US, India and Nigeria. Using data from the global financial … development indicators, the findings reveal that the UK and US have higher digital finance usage than India and Nigeria. The US … has higher debit card usage than India. The findings also show that higher debit card usage is correlated with higher …
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The world of digitalization is impacting on all aspects of socio-economic life. This notable change also applies to the financial sector of the global economy. Since the advent of financial technology (FINTECH) companies, financial services have become more accessible to the general public....
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Throughout the ages, banks have evolved as intermediaries taking deposits of funds, lending money, and providing payment services. In the process they became also suppliers of commercial bank money, now only in the form of bank deposits. Following a historical review as to how money changers and...
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I investigate the impact of contactless credit cards (CTCs) on cash use in Canada, using panel data between 2010 and 2017. I show that ignoring unobserved heterogeneity would lead to overstating the impact of CTCs on cash usage in a linear model. Using finite mixture modelling, I provide...
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