Publication: Innovation in Electronic Payment Adoption: The Case of Small Retailers
Date
2016-06
ISSN
Published
2016-06
Author(s)
World Bank Group
World Economic Forum
Abstract
This report aims to deepen the
understanding of barriers to and incentives for the
acceptance and use of electronic payments, from the
perspective of micro, small and medium retailers
(merchants). Developing and accelerating acceptance of
electronic payments by these merchants is essential to
expanding financial access. A basic transaction account for
payments and deposits is considered an entry point to the
formal financial system, and can act as a gateway for
individuals to adopt other relevant financial services they
need to smooth their consumption and manage income shocks.
However, equipping individuals with only basic transaction
accounts is not sufficient. The use case for payment
services becomes increasingly effective as individuals
gradually move to a cashless economy, where electronic
payments are widely accepted for regular and frequent
purchases. The report highlights important dimensions to
consider in the efforts to expand electronic payments for merchants.
Citation
“World Bank Group; World Economic Forum. 2016. Innovation in Electronic Payment Adoption; Innovation in Electronic Payment Adoption : The Case of Small Retailers. © World Economic Forum, Geneva and World Bank, Washington. http://openknowledge.worldbank.org/handle/10986/24700 License: CC BY-NC-ND 3.0 IGO.”