How digital payments can benefit entrepreneurs

Leora Klapper

World of Labour, 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: View citations in EconPapers (21)

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:
Journal Article: How digital payments can benefit entrepreneurs (2023)
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

World of Labour is currently edited by Pierre Cahuc

More articles in World of Labour from LISER Contact information at EDIRC.
Bibliographic data for series maintained by Olga Nottmeyer ().