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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 credit card usage compared to the UK while...
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US households that lack digital means of making and receiving payments cannot participate fully in an increasingly … underserved in digital payments. Traditional definitions of households underserved in the banking system-those that are unbanked … and receive digital payments. In this paper, we define households underserved in digital payments by considering four key …
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policy -- 6. Current trends in the digitalization process and related fintech-based businesses of the Sino-US financial … processes of digitalization and FinTech applications. At the same time, the book points to ways in which a market … markets -- 7. The digitalization of cross-border payment systems and the introduction of the CBDC -- 8. The ongoing Sino …
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to some extent. The empirical evidences show that a higher share of the population receiving payments by digital modes … that the COVID-19 pandemic and the use of fintech have affected these Asian countries in a similar way. These conclusions …
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We build a network formation game of firms with trade flows to study the adoption and usage of a new digital currency as an alternative to correspondent banking. We document endogenous heterogeneity and inefficiency in adoption outcomes and explain why higher usage may correspond to lower...
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system, fintech and CBDC are accepted. The empirical results demonstrate that there is a huge amount of support towards …
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