Can Mobile-Linked Bank Accounts Bolster Savings? Evidence from a Randomized Controlled Trial in Sri Lanka

Autor:	Christopher Woodruff, Suresh de Mel, Ketki Sheth, Craig McIntosh
Rok vydání:	2022
Předmět:	Bank account Finance Economics and Econometrics business.industry Interface (Java) 05 social sciences Bolster law.invention Randomized controlled trial law 0502 economics and business Mobile payment 050207 economics Sri lanka business Social Sciences (miscellaneous) Financial services 050205 econometrics
Zdroj:	The Review of Economics and Statistics. 104:306-320
ISSN:	1530-9142 0034-6535
DOI:	10.1162/rest_a_00956
Popis:	We introduce a new mobile money interface that permits Sri Lankans to deposit mobile airtime balances directly into a formal bank account. Randomizing access and prices, we find a small increase in savings deposits with the partner institution and formal banks more generally, but no change in overall savings. When the deposit transaction costs are completely removed, only 26% use the mobile deposit service and only 7% use it frequently. Our results imply that deposit transaction costs are not a significant barrier to increasing savings, limiting the potential gains of mobile-linked savings products for financial inclusion.
Databáze:	OpenAIRE
Externí odkaz:	https://explore.openaire.eu/search/publication?articleId=doi_dedup___::626c0bce6ddfd7b60952996eaa1ce22c https://doi.org/10.1162/rest_a_00956 Zobrazit plný text záznamu Plný text ve formátu PDF Plný text ve formátu HTML
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