What is it about?

We witness the innovation in payment instrument such as debit card, debit card, RTGS, etc over the years. In this paper, we explore how this innovation of these instruments may affect the financial intermediation. Does this innovation helps to stimulate financial intermediation. We found that an increase of using the payment instrument helps to improve the financial intermediation in the banking sector.

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Why is it important?

Our findings are supporting the policy that promotes payment migration to an electronic platform, particularly in the emerging market which may have a portion of the population that has limited access to the banking system.


Writing this article was a great pleasure as it has employed various estimation techniques.

Alexander Lubis
Cranfield University

Read the Original

This page is a summary of: Gauging the Impact of Payment System Innovations on Financial Intermediation: Novel Empirical Evidence from Indonesia, Journal of Emerging Market Finance, June 2019, SAGE Publications, DOI: 10.1177/0972652719846312.
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