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  5. Mobile Wallet and Entrepreneurial Growth

AEA Papers and Proceedings

ISSN 2574-0768 (Print) | ISSN 2574-0776 (Online)

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Mobile Wallet and Entrepreneurial Growth

  • Sumit Agarwal
  • Wenlan Qian
  • Bernard Y. Yeung
  • Xin Zou
AEA Papers and Proceedings
vol. 109, May 2019
(pp. 48–53)
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Abstract

Using mobile wallet and card transaction data from a leading Singapore bank, this paper studies the effect of a mobile wallet payment technology introduction in 2017 on business growth. We find that mobile wallet usage doubled after the new technology introduction, and the improved payment efficiency generated a significant spillover effect. Small merchants experienced a monthly increase in debit and credit card sales amount (count) of 3.5 percent (3.4 percent) compared to large merchants. The payment technology promoted sales growth primarily for new businesses by facilitating customer acquisition.

Citation

Agarwal, Sumit, Wenlan Qian, Bernard Y. Yeung, and Xin Zou. 2019. "Mobile Wallet and Entrepreneurial Growth." AEA Papers and Proceedings, 109: 48–53. DOI: 10.1257/pandp.20191010

Additional Materials

JEL Classification

  • G21 Banks; Depository Institutions; Micro Finance Institutions; Mortgages
  • L25 Firm Performance: Size, Diversification, and Scope
  • L26 Entrepreneurship
  • L86 Information and Internet Services; Computer Software
  • O33 Technological Change: Choices and Consequences; Diffusion Processes