Digital payments in India — How demonetization and COVID-19 shaped adoption?

IF 2.1 4区经济学 Q2 ECONOMICS

Economics Letters Pub Date : 2024-11-23 DOI:10.1016/j.econlet.2024.112074

Varun Yadav , Abhiman Das

引用次数: 0

Abstract

In this article, we study the adoption of digital payment technologies in India over the last decade. Using a quasi-experimental design, the study assesses if the demonetization exercise of 2016 led to an enhanced adoption of digital payments. We further study the evolution of digital payment usage in the wake of the COVID-19 pandemic. The study finds insufficient evidence supporting the claim that demonetization led to an enhanced adoption of digital channels (measured by the value of transactions as a percentage of money supply). On the other hand, the lockdown in the wake of the first wave of the COVID-19 pandemic spurred the adoption of some new-age payment channels.

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印度的数字支付——废钞运动和COVID-19如何影响采用？

在本文中，我们研究了过去十年印度采用数字支付技术的情况。该研究采用准实验设计，评估了2016年的废钞运动是否导致了数字支付的增强采用。我们进一步研究了2019冠状病毒病大流行后数字支付使用的演变。该研究发现，没有足够的证据支持废钞运动导致数字渠道（以交易价值占货币供应的百分比衡量）得到加强的说法。另一方面，第一波新冠肺炎疫情后的封锁刺激了一些新时代支付渠道的采用。

本文章由计算机程序翻译，如有差异，请以英文原文为准。

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来源期刊

Economics Letters ECONOMICS-

CiteScore

3.20

自引率

5.00%

发文量

348

审稿时长

30 days

期刊介绍： Many economists today are concerned by the proliferation of journals and the concomitant labyrinth of research to be conquered in order to reach the specific information they require. To combat this tendency, Economics Letters has been conceived and designed outside the realm of the traditional economics journal. As a Letters Journal, it consists of concise communications (letters) that provide a means of rapid and efficient dissemination of new results, models and methods in all fields of economic research.