E-Payment Technology and Business Finance: A Randomized Controlled Trial with Mobile Money

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E-Payment Technology and Business Finance: A Randomized Controlled Trial with Mobile Money

We conducted a randomized controlled trial with small and medium-sized enterprises in Kenya to estimate the causal impact of an e-payment technology on business finance. Using an encouragement design, we exogenously increased e-payment usage among a random subset of firms by relaxing adoption transaction costs and information barriers.

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