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Big techs, QR code payments and financial inclusion

Thorsten Beck (), Leonardo Gambacorta (), Yiping Huang, Zhenhua Li and Han Qiu ()

No 1011, BIS Working Papers from Bank for International Settlements

Abstract: Using a unique dataset of around half a million Chinese firms that use a QR code-based mobile payment system, we find that (i) the creation of a digital payment footprint allows firms to access credit provided by the same big tech company; (ii) transaction data generated via QR code generate spillover effects on access to bank credit; and (iii) there are positive effects of access to big tech credit on sales, including during the Covid-19 shock. The findings suggest that access to innovative payment methods helps micro firms build up credit history, and that using big tech credit can ease access to bank credit.

Keywords: big tech; big data; QR code; banks; asymmetric information; financial inclusion; credit markets. (search for similar items in EconPapers)
JEL-codes: D22 G31 R30 (search for similar items in EconPapers)
Pages: 47 pages
Date: 2022-05
New Economics Papers: this item is included in nep-ban, nep-cfn, nep-cna, nep-fdg and nep-pay
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