Popular Dissemination
| 2015
Switching from cash to account-based transfers triggers savings among the poor
Making transfers to bank accounts instead of paying cash could potentially enhance savings. This column tests this hypothesis using a randomised trial from India. The evidence suggests that being paid on the account increases the balance by around 110% within three months of weekly payments. The individuals who were paid in cash do not save more in other assets, such as cash at home, but increase consumption.
Saving Behaviour and the Introduction of Mobile Banking in India
Jan 2013 - Dec 2016
