What If the New Normal Included Using Payment Data to Support Under-Documented Firms?: A Central Bank Experience During COVID-19

Abstract

Obtaining credit by micro, small, and medium-sized enterprises (MSME) is typically hampered by a lack of supporting documents. Here, we report the use of payment oversight data to fill up this gap during COVID-19 countermeasures and suggest that central banks' supervisory information may help achieve competition or inclusiveness goals.