Can Mobile-Linked Bank Accounts Bolster Savings? Evidence from a Randomized Controlled Trial in Sri Lanka
Keyword(s):
We introduce a new mobile money interface that permits Sri Lankans to deposit mobile airtime balances directly into a formal bank account. Randomizing access and prices, we find a small increase in savings deposits with the partner institution and formal banks more generally, but no change in overall savings. When the deposit transaction costs are completely removed, only 26 percent use the mobile deposit service, and only 7 percent use it frequently. Our results imply that deposit transaction costs are not a significant barrier to increasing savings, limiting the potential gains of mobile-linked savings products for financial inclusion.
2021 ◽
Vol 18
(21)
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pp. 11428
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2017 ◽
Vol 96
(3)
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pp. 155-164
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2012 ◽
Vol 18
(3)
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pp. 151-155
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Keyword(s):
2019 ◽
Vol 16
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pp. 100453