Financial Technology Adoption

Fecha: martes, 6 de agosto de 2019

Hora: 4:00 p.m.   

Lugar: Bloque 19, salón 707 , Universidad EAFIT 

How do the supply and demand sides of the market respond to financial tecnhology adoption? In this paper I exploit a natural experiment that caused exogenous shocks to the adoption of a financial tecnhology over time and space. Between 2009 and 2012, the Mexican government disbursed about one million debit cards to existing beneficiaries of its conditional cash transfer program. I combine administrative data to debit card rollout with a rich collection of Mexican microdata on both consumers and retailers. The shock to debit card adoption has spillover effects on financial tecnhology adoption on both sides of the market: small retailers adopt point-of-sale (POS) terminals to acept cards payments, which leads other consumers to adopt cards.