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Cited by 51Microfinance and Financial InclusionFinTech, Crowdfunding, Digital FinanceDigital Transformation in Financial Services

The DOI matches its Crossref record; 33 of the 33 references it cites were found in a registry or an index.

Why people use digital payments: Evidence from micro data in Peru

Open access
Aurazo, Jose, Vega, Milton·2021·Latin American Journal of Central Banking
DOI 10.1016/j.latcb.2021.100044
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Abstract

Financial inclusion and digital payment use remain low in Peru. There is extensive literature on the determinants of deposit account access as a measure of financial inclusion, but few studies focus on digital payment use, and none addresses the Peru case at the micro level. This paper uses data from Peru's 2015–2018 National Household Surveys (ENAHO) on the ownership of deposit accounts and payment cards at the individual level and on the use of payment instruments (i.e., cash, credit cards, debit cards, mobile/Internet banking, etc.) for purchasing nine different product categories. Our results show that use of digital payments (e.g., credit card, debit card, or mobile/internet banking) is more likely among people between ages 25–40, with higher education levels, formal employment, and those living in urban areas or with Internet access. In addition, the likelihood of paying with digital instruments increases for people in the top quintiles of per capita household spending and those living in areas with a high presence of financial institutions. Furthermore, we extend the analysis of the determinants for using digital payments across product category and over time (2015–2018). Finally, our work may contribute to understanding the consequences of the COVID-19 pandemic and designing policies related to financial inclusion and digital payment use.

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Crossref · 10.1016/j.latcb.2021.100044

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Citations

Cites

Research works printed but not linked: 4

  1. Schuch, 2013, How consumers pay: adoption and usage of payments, Acc. Financ. Res., 2, 1
  2. Sidrauski, 1967, Rational choice and patterns of growth in a monetary economy, Am. Econ. Rev., 57, 534
  3. Singh, 2019, A review of factors affecting digital payments and adoption behaviour for mobile e-wallets, Int. J.Res. Manag., 6
  4. Yamada, 2012, Desigualdad monetaria en un contexto de rápido crecimiento económico: El caso reciente de Perú, Rev. Estud. Econ., 24, 65

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Metadata

Authors
Aurazo, J., & Vega, M.
ORCID
Vega, Milton
Venue
Latin American Journal of Central Banking
Publisher
Elsevier BV
Published
2021-12
Volume
2
Issue
4
Pages
100044
ISSN
2666-1438 (ISSN-L)
DOI
10.1016/j.latcb.2021.100044
OpenAlex
W3209191234
Cited by
51
References
33
Citations by year
2026: 15 · 2025: 9 · 2024: 17 · 2023: 7 · 2022: 3
FWCI
5.16
Type
journal article
Language
en
Update notices
erratum (2023-03-01)
Open access
Licence
Locations
  • Latin American Journal of Central Banking (publishedVersion, cc-by-nc-nd)
  • RePEc: Research Papers in Economics (submittedVersion)
  • DOAJ (DOAJ: Directory of Open Access Journals) (submittedVersion, cc-by-sa)
  • Econstor (Econstor) (submittedVersion, cc-by-nc-nd)
Topics
  • Social Sciences › Economics, Econometrics and Finance › Economics and Econometrics › Microfinance and Financial Inclusion
  • Social Sciences › Business, Management and Accounting › Management Information Systems › FinTech, Crowdfunding, Digital Finance
  • Social Sciences › Economics, Econometrics and Finance › General Economics, Econometrics and Finance › Digital Transformation in Financial Services
Keywords
digital payments, financial inclusion, payment cards, mobile banking, internet banking, credit cards, debit cards, cash usage, household expenditure, financial institutions, urban-rural differences, age and education, formal employment, internet access, COVID-19 pandemic, Peru

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