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Digital Payments and the COVID-19 Shock: The Role of Preexisting Conditions in Banking, Infrastructure, Human Capabilities, and Digital Regulation

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dc.contributor.authorCull, Robert
dc.contributor.authorFoster, Vivien
dc.contributor.authorJolliffe, Dean
dc.contributor.authorLederman, Daniel
dc.contributor.authorMare, Davide Salvatore
dc.contributor.authorMalarvizhi, Veerappan
dc.contributor.authorMare, Davide S.
dc.date.accessioned2023-11-14T16:35:02Z
dc.date.available2023-11-14T16:35:02Z
dc.date.issued2023-11-14
dc.description.abstractTreating data collected pre- and post-COVID-19 as a quasi-experiment, this paper examines the importance of presumed enablers and safeguards in driving the observed expansion of digital payments and digital financial inclusion. The analysis interacts drivers of digital payment usage with a country-specific proxy of the severity of the COVID-19 shock, leveraging variation in both the drivers and the quasi-treatment (the COVID-19 shock) to identify the parameters. Although regulation of banks and digital economic activity were correlated with digital payments before and during the pandemic, the capabilities of users and connectivity (to electricity, the internet, and mobile telephony) were responsible for increased use of digital financial services in response to the shock. An interpretation is that governments and the private sector were able to overcome underdeveloped banking systems and weak regulation of the digital economy, but only where there was adequate digital infrastructure, connectivity, and a high share of the population that understood and could make use of digital payments.en
dc.identifierhttp://documents.worldbank.org/curated/en/099454311132327828/IDU08c76166f0dda20435909e82051f6aa962419
dc.identifier.doi10.1596/1813-9450-10603
dc.identifier.urihttps://openknowledge.worldbank.org/handle/10986/40606
dc.languageEnglish
dc.language.isoen
dc.publisherWashington, DC: World Bank
dc.relation.ispartofseriesPolicy Research Working Paper; 10603
dc.rightsCC BY 3.0 IGO
dc.rights.holderWorld Bank
dc.rights.urihttps://creativecommons.org/licenses/by/3.0/igo/
dc.subjectDIGITAL PAYMENT
dc.subjectFINANCIAL INCLUSION
dc.subjectCOVID-19 SHOCK
dc.subjectDIGITAL INFRASTRUCTURE
dc.subjectDIGITAL DIVIDE
dc.subjectCOVID-19 LOCKDOWN
dc.titleDigital Payments and the COVID-19 Shocken
dc.title.subtitleThe Role of Preexisting Conditions in Banking, Infrastructure, Human Capabilities, and Digital Regulationen
dc.typeWorking Paper
dspace.entity.typePublication
okr.associatedcontenthttps://reproducibility.worldbank.org/index.php/catalog/71 Link to data and reproducibility package
okr.crossref.titleDigital Payments and the COVID-19 Shock: The Role of Preexisting Conditions in Banking, Infrastructure, Human Capabilities, and Digital Regulation
okr.date.disclosure2023-11-13
okr.date.lastmodified2023-11-13T00:00:00Zen
okr.doctypePolicy Research Working Paper
okr.doctypePublications & Research
okr.docurlhttp://documents.worldbank.org/curated/en/099454311132327828/IDU08c76166f0dda20435909e82051f6aa962419
okr.guid099454311132327828
okr.identifier.docmidIDU-8c76166f-dda2-4359-9e82-51f6aa962419
okr.identifier.doi10.1596/1813-9450-10603
okr.identifier.doihttp://dx.doi.org/10.1596/1813-9450-10603
okr.identifier.externaldocumentum34195858
okr.identifier.internaldocumentum34195858
okr.identifier.reportWPS10603
okr.import.id2289
okr.importedtrueen
okr.language.supporteden
okr.pdfurlhttp://documents.worldbank.org/curated/en/099454311132327828/pdf/IDU08c76166f0dda20435909e82051f6aa962419.pdfen
okr.region.geographicalWorld
okr.topicInformation and Communication Technologies::Digital Divide
okr.topicInformation and Communication Technologies::ICT Policy and Strategies
okr.topicInformation and Communication Technologies::Poverty Reduction & ICT
okr.topicFinance and Financial Sector Development::Banks & Banking Reform
okr.unitDECRG: Finance & Priv Sec Devt (DECFP)
okr.unitDevelopment Data Group (DECDG)
okr.unitOffice of the Chief Economist (MNACE)
relation.isAuthorOfPublication059954cc-a249-5318-9829-61a08ded2637
relation.isAuthorOfPublicationca96ab93-217d-4359-a222-2481b357efdb
relation.isAuthorOfPublication.latestForDiscovery059954cc-a249-5318-9829-61a08ded2637
relation.isSeriesOfPublication26e071dc-b0bf-409c-b982-df2970295c87
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