Untapped potential : mobile device ownership and mobile payments in Canada / by Marie-Hélène Felt, Angelika Welte and Katrina Talavera.: FB3-5/2024-25E-PDF
"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.
Permanent link to this Catalogue record:
publications.gc.ca/pub?id=9.942581&sl=0
| Department/Agency | Bank of Canada, issuing body. |
|---|---|
| Title | Untapped potential : mobile device ownership and mobile payments in Canada / by Marie-Hélène Felt, Angelika Welte and Katrina Talavera. |
| Series title | Staff working paper = Document de travail du personnel, 1701-9397 ; 2024-25 |
| Publication type | Series - View Master Record |
| Language | [English] |
| Format | Electronic |
| Electronic document | |
| Note(s) | ISSN assigned to different series. "Last updated: July 10, 2024." Includes bibliographical references. Includes abstracts in English and French. |
| Publishing information | [Ottawa] : Bank of Canada = Banque du Canada, 2024. ©2024 |
| Author / Contributor | Felt, Marie-Hélène, author. |
| Description | 1 online resource (ii, 55 pages) : colour illustrations. |
| Catalogue number |
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| Subject terms | Mobile commerce -- Canada -- Econometric models. Electronic funds transfers -- Canada -- Econometric models. Commerce mobile -- Canada -- Modèles économétriques. Transferts électroniques de fonds -- Canada -- Modèles économétriques. |
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