When:
Tuesday, October 15, 2024
12:15 PM - 1:30 PM CT
Where: Kellogg Global Hub, 4101, 2211 Campus Drive, Evanston, IL 60208 map it
Audience: Faculty/Staff - Post Docs/Docs - Graduate Students
Contact:
Economics
(847) 491-8200
Group: Department of Economics: Seminar in Development Economics
Category: Academic, Lectures & Meetings
Matheus Sampaio (Northwestern): Payment Technology Complementarities and their Consequences in the Banking Sector: evidence from Brazil's Pix
Abstract: In this paper, we employ an instrument and individual-level banking data in Brazil to examine the effects of a novel payment technology, Pix, on the utilization of other payment technologies and its impact on the banking sector. We find evidence that Pix increases the usage of the four most common payment technologies in Brazil among individuals and firms. Furthermore, our empirical evidence suggests that Pix contributes to an increase in the number of bank accounts, their usage, and access to credit, benefiting different types of banks. The findings indicate that the implementation of new payment technologies yields advantages not only for firms and individuals but also for the broader banking and payment industry.