EconPapers    
Economics at your fingertips  
 

How digital payments can benefit entrepreneurs

Leora Klapper ()

IZA World of Labor, 2017, No 396, 396

Abstract: Digital payment systems can conveniently and affordably connect entrepreneurs with banks, employees, suppliers, and new markets for their goods and services. These systems can accelerate business registration and payments for business licenses and permits by reducing travel time and expenses. Digital financial services can also improve access to savings accounts and loans. Electronic wage payments to workers can increase security and reduce the time and cost of paying employees. Yet, there are challenges as many entrepreneurs and employees lack bank accounts, digital devices, and reliable technology infrastructure.

Keywords: entrepreneurship; wages; financial inclusion; digital payments (search for similar items in EconPapers)
Date: 2017
References: View references in EconPapers View complete reference list from CitEc
Citations: Track citations by RSS feed

Downloads: (external link)
https://wol.iza.org/uploads/articles/396/pdfs/how- ... it-entrepreneurs.pdf (application/pdf)
https://wol.iza.org/articles/how-digital-payments-can-benefit-entrepreneurs (text/html)

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:iza:izawol:journl:2017:n:396

Access Statistics for this article

IZA World of Labor is currently edited by Daniel S. Hamermesh

More articles in IZA World of Labor from Institute of Labor Economics (IZA) IZA, P.O. Box 7240, D-53072 Bonn, Germany. Contact information at EDIRC.
Bibliographic data for series maintained by Bloomsbury Information Ltd ().

 
Page updated 2019-08-20
Handle: RePEc:iza:izawol:journl:2017:n:396