[go: up one dir, main page]

Logo
Munich Personal RePEc Archive

FinTech and the COVID-19 Pandemic: Evidence from Electronic Payment Systems

Tut, Daniel (2020): FinTech and the COVID-19 Pandemic: Evidence from Electronic Payment Systems.

This is the latest version of this item.

[thumbnail of MPRA_paper_102401.pdf]
Preview
PDF
MPRA_paper_102401.pdf

Download (2MB) | Preview
[thumbnail of MPRA_paper_107077.pdf]
Preview
PDF
MPRA_paper_107077.pdf

Download (1MB) | Preview

Abstract

ArticlePDF Available FinTech and the COVID-19 Pandemic: Evidence from Electronic Payment Systems: https://papers.ssrn.com/sol3/papers.cfm?abstract_id=3660987 January 2020SSRN Electronic Journal Authors: Daniel Tut York University

Download full-text PDF Read full-text Download full-text PDF Read full-text Download citation Copy link References (30) Figures (2)

Abstract and Figures This paper investigates the effects of the Covid-19 pandemic on financial institutions and consumers’ adoption of FinTech in payments. We find [1] The covid-19 pandemic has accelerated the adoption of FinTech platforms in payments. We document an approximate increase of 54% in mobile banking transactions, an increase of 19.56% in Mobile agents and an increase of 14.56% in Mobile banking accounts [2] The use of all electronic payment cards has significantly declined during the pandemic. [3] The pandemic has magnified interbank contagion and liquidity risks and has reduced both domestic and international electronic fund transfers via both the Real-Gross Settlement system (RTGS) and via Clearing house (ACH).Overall, our results shows that FinTech not only alleviated the negative impact of theCovid-19 pandemic during Q1 but that the pandemic has also accelerated consumers’ adoption of FinTech platforms and digital onboarding specially in Q3 and Q4.

Available Versions of this Item

Atom RSS 1.0 RSS 2.0

Contact us: mpra@ub.uni-muenchen.de

This repository has been built using EPrints software.

MPRA is a RePEc service hosted by Logo of the University Library LMU Munich.