The Opportunities of Digitizing Payments

The G20 s focus on financial inclusion directly contributes to its core goal of achieving strong, sustainable, and balanced growth. Studies show that broader access to and participation in the financial system can reduce income inequality, boost jo...

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Bibliographic Details
Main Authors:	Klapper, Leora, Singer, Dorothe
Format:	Working Paper
Language:	English en_US
Published:	World Bank, Washington, DC 2014
Subjects:	ACCESS POINTS ACCESS TO FINANCIAL SERVICES ACCESS TO LOANS ACCOUNT HOLDERS ACCOUNT OWNERSHIP ADVISORY SERVICES ATM ATM CARD ATM CARDS ATM NETWORKS ATMS AUTOMATIC ENROLLMENT BANK ACCOUNT BANK ACCOUNTS BANK BRANCH BANK BRANCHES BANK LOAN BANKING SERVICES BANKING SYSTEM BANKING SYSTEMS BANKS BASIC FINANCIAL LITERACY BORROWER BORROWING BRIBE CALCULATION CASH PAYMENT CASH PAYMENTS CASH TRANSFER CASH TRANSFERS CASH-MANAGEMENT CHAMBER OF COMMERCE CHECKS CONSULTING FIRM CONSUMER CREDIT CONSUMER EDUCATION CONSUMER PROTECTION CONSUMERS CONTINGENCY CONTINGENCY PLAN CONTRIBUTION CONTRIBUTIONS COOPERATIVES CORRUPTION CREDIT INFORMATION CREDIT MARKET CURRENCY DEBIT CARDS DEFAULTERS DEFINED-CONTRIBUTION PENSION DEPOSIT DEPOSIT ACCOUNT DEPOSIT ACCOUNTS DEPOSITS DEVELOPMENT ASSISTANCE DIRECT DEPOSIT DIRECT DEPOSITS DOCUMENTATION REQUIREMENTS DROUGHT E-COMMERCE E-PAYMENTS EARNINGS ECONOMIC ACTIVITY ECONOMIC DEVELOPMENT ECONOMIC EMPOWERMENT ECONOMIC GROWTH ECONOMIC OPPORTUNITIES ECONOMIC OPPORTUNITY ECONOMIC SHOCKS ELECTRONIC PAYMENT ELECTRONIC PAYMENTS ELECTRONIC TRANSFER ELECTRONIC TRANSFERS EMERGENCY SITUATIONS EMPLOYER EMPLOYERS ENROLLMENT ENTRY POINT EXCHANGE RATE EXPENDITURE FAMILIES FAMILY MEMBER FAMILY MEMBERS FARMER FARMERS FEMALE ENTREPRENEURS FINANCIAL ACCESS FINANCIAL DEVELOPMENT FINANCIAL EDUCATION FINANCIAL EXCLUSION FINANCIAL INFRASTRUCTURE FINANCIAL INNOVATION FINANCIAL INSTITUTION FINANCIAL INSTITUTIONS FINANCIAL INSTRUMENT FINANCIAL INTERMEDIARIES FINANCIAL KNOWLEDGE FINANCIAL LITERACY FINANCIAL LIVES FINANCIAL PRODUCTS FINANCIAL PROVIDERS FINANCIAL SECTOR FINANCIAL SERVICE FINANCIAL SERVICE PROVIDERS FINANCIAL SERVICES FINANCIAL SYSTEM FINANCIAL SYSTEMS FINANCIAL TOOLS FINANCIAL TRANSACTIONS FINANCING FACILITY FOREIGN DIRECT INVESTMENT FORMAL BANK FORMAL FINANCIAL INSTITUTION GENDER GENDER ASSESSMENT GENDER EQUALITY GENDER GAP GOVERNMENT ASSISTANCE GREATER ACCESS HOUSEHOLD FINANCE HOUSEHOLD INCOME HOUSEHOLD INVESTMENT HOUSEHOLD SAVINGS HOUSEHOLDS HUSBANDS INEQUALITY INFORMAL INSURANCE INFORMAL LOANS INFORMAL SAVINGS INFORMATION SHARING INSURANCE COMPANY INTERNATIONAL BANK INTERNATIONAL FINANCE INVESTING JOB LOSS KEY CHALLENGES LABOR FORCE LABOR FORCE PARTICIPATION LABOR MARKET LACK OF ACCESS LACK OF KNOWLEDGE LENDERS LIVING STANDARDS LOAN DEFAULT LOAN PERFORMANCE LOAN REPAYMENTS LOAN TERMS LONG-TERM SAVINGS LOW INCOMES LOW-INCOME LOW-INCOME INDIVIDUALS MARKET DEVELOPMENT MERCHANTS MICRO FINANCE MICROFINANCE MIGRANT REMITTANCES MINORITY COMMUNITIES MONEY TRANSFER MONEY TRANSFERS MONTHLY EXPENSES OPERATING COSTS OPPORTUNITIES FOR WOMEN PARTNER BANK PAYDAY LOANS PAYMENT HISTORIES PAYMENT INFRASTRUCTURE PAYMENT SERVICE PAYMENT SERVICES PAYMENTS INFRASTRUCTURE PENSION ACCOUNTS PENSIONS PERCEPTIONS OF WOMEN POINT-OF-SALE POLICY ENVIRONMENT PRODUCTIVITY PROFIT MARGIN PROTECTION OF CONSUMER PSYCHOLOGICAL BARRIERS PUBLIC FINANCE PUBLIC-PRIVATE PARTNERSHIP PUBLIC-PRIVATE PARTNERSHIPS RECEIPT RECESSION RECORD KEEPING REMITTANCE REMITTANCES REPAYMENT REPAYMENT RATES RISK MANAGEMENT SAVERS SAVINGS SAVINGS ACCOUNT SAVINGS ACCOUNTS SAVINGS GROUPS SAVINGS INSTRUMENTS SAVINGS PRODUCT SAVINGS PRODUCTS SMALL BUSINESSES SMALL FARMERS SMALLHOLDER SMALLHOLDER FARMERS SMART CARD SMART CARDS SOCIAL NETWORKS SOCIAL SECURITY SOCIAL SECURITY CONTRIBUTIONS SOCIAL SECURITY PENSION SOCIAL WELFARE STAKEHOLDERS START-UP START-UP COSTS TELECOMMUNICATIONS EQUIPMENT TRADITIONAL FINANCIAL INSTITUTIONS TRANSACTION TRANSACTION COSTS TRANSACTION FEES UNEMPLOYMENT UNION URBAN AREAS VALUABLE VARIABLE COST VILLAGE WAGE WAGES WELFARE BENEFITS WORTH
Online Access:	http://documents.worldbank.org/curated/en/2014/08/20163227/ http://hdl.handle.net/10986/19917

Internet

http://documents.worldbank.org/curated/en/2014/08/20163227/
http://hdl.handle.net/10986/19917

The Opportunities of Digitizing Payments

Internet

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