Impact of third-party online payment systems on trade, export, import, and internet retailing

Isaac Appiah-Otoo, Xudong Chen, Na Song and Camara Kwasi Obeng
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Xudong Chen: College of Management Science, Chengdu University of Technology, Chengdu, China
Na Song: School of Management and Economics, University of Electronic Science and Technology of China, Chengdu, China
Camara Kwasi Obeng: Department of Economic Studies, School of Economics, University of Cape Coast, Cape Coast, Ghana

Journal of Information Economics, 2023, vol. 1, issue 3, 28-42

Abstract: This study estimates the impact of third-party online payment systems on trade, export, import, and Internet retailing in China. Also, the study examines the financial development mechanism via which third-party payment affects trade, export, import, and Internet retailing in China. By employing a sample of 31 provinces in China covering 2011 to 2018, the findings indicate that, third-party payment drives China’s trade (0.43%), export (0.42%), import (0.47%), and Internet retailing (0.24%). The study also finds that third-party payment complements financial development to positively affect trade, export, import, and Internet retailing in China. The study recommends policymakers promote third-party payment development in China to boost trade, export, import, and Internet retailing.

Keywords: Payment technology innovation; Third-party payment; Fintech; Trade; Internet retailing; China (search for similar items in EconPapers)
Date: 2023
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