00000nam 2200000zi 4500 9.942581 CaOODSP 20240829083942 m o d f cr mn||||||||| 240829t20242024onca ob f000 0 eng d CaOODSP eng rda CaOODSP eng eng fre n-cn--- FB3-5/2024-25E-PDF Felt, Marie-Hélène, author. Untapped potential : mobile device ownership and mobile payments in Canada / by Marie-Hélène Felt, Angelika Welte and Katrina Talavera. [Ottawa] : Bank of Canada = Banque du Canada, 2024. ©2024 1 online resource (ii, 55 pages) : colour illustrations. text txt rdacontent computer c rdamedia online resource cr rdacarrier Staff working paper = Document de travail du personnel, 1701-9397 ; 2024-25 ISSN assigned to different series. "Last updated: July 10, 2024." Includes bibliographical references. "Mobile phones are ubiquitous around the world, making them obvious conduits for innovative payment technologies, or mobile payments. In Canada, five out of six adults regularly use a mobile phone. However, they have not started to use mobile payments at the same rate as other payment innovations, such as contactless card payments. In this paper, we present a two-stage model of mobile phone and mobile payment use. An important feature of the model is that it controls for selectivity due to mobile device adoption. Controlling for selection into mobile phone usage reveals unobserved factors that have negative effects on mobile phone usage but a positive effect on the propensity to use mobile-type payments. These factors could be preferences or constraints. We present empirical evidence that providing people without a mobile phone access to payments with features similar to mobile payments could result in usage rates exceeding the current use among mobile phone owners. Therefore, people who are unable to acquire or choose not to own a mobile device might have unmet payment needs"--Abstract, page ii. Includes abstracts in English and French. Mobile commerce Canada Econometric models. Electronic funds transfers Canada Econometric models. Commerce mobile Canada Modèles économétriques. Transferts électroniques de fonds Canada Modèles économétriques. Bank of Canada, issuing body. Staff working paper (Bank of Canada) 2024-25. (CaOODSP)9.806221 PDF 1.11 MB https://publications.gc.ca/collections/collection_2024/banque-bank-canada/FB3-5-2024-25-eng.pdf