Adoption and welfare effects of payment innovations: the case of digital wallets in Peru. Removing 24/7 transfers would cut digital wallet use by 15.75 pp

In the BIS Working Papers No 1329, the authors investigate the adoption and welfare effects of digital wallets in Peru, analysing what drives their success and their impact on consumer welfare. A small fee increase of PEN 0.01 (USD 0.003) would reduce digital wallet use by 0.31 percentage points (pp), benefiting debit cards and cash. The […]