Can Mobile Payment Increase Household Income and Mitigate the Lower Income Condition Caused by Health Risks? Evidence from Rural China

Qiu, Weisong; Wu, Tieqi; Xue, Peng

doi:10.3390/ijerph191811739

Cited by 3 publications

(2 citation statements)

References 61 publications

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“…Furthermore, strategic partnerships between traditional banks and fintech companies have led to innovative financial products tailored to the underserved sectors. For example, collaborations between major commercial banks and fintech giants like Ant Financial have resulted in the creation of digital microloan products, which saw a 60% uptake increase among small business owners within their first year of launch (Qiu et al, 2022).…”

Section: Identifying Gaps and Inefficienciesmentioning

confidence: 99%

Enhancing financial inclusion in China amidst COVID-19: Opportunities, challenges, and strategies

Ghosn,

Zreik,

Awad

et al. 2024

J. Infras. Policy. Dev.

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This paper examines the impact of the COVID-19 pandemic on financial inclusion in China, a country with a significant agricultural sector and an evolving digital landscape. The pandemic has accelerated the shift towards digital financial services, underscoring disparities in access. This study explores the pre- and post-pandemic scenarios of financial inclusion in China, evaluates the economic and social impacts of the pandemic, and assesses the role of digital transformation in the financial sector. It also investigates the changing roles of commercial banks and microfinance institutions, the integration of technology in finance, and the development of rural-urban economic linkages. The paper aims to propose strategies to enhance financial inclusion, ensuring it reaches the most vulnerable, and concludes with recommendations for creating a more equitable and robust economic system.

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Section: Identifying Gaps and Inefficienciesmentioning

confidence: 99%

Enhancing financial inclusion in China amidst COVID-19: Opportunities, challenges, and strategies

Ghosn,

Zreik,

Awad

et al. 2024

J. Infras. Policy. Dev.

View full text Add to dashboard Cite

show abstract

“…According to Rao [16], the use of digital payments makes household risk assets more readily allocated and allows for a wide expansion, which eases the liquidity constraints of households. Weisong Qiu [17] and others proposed that digital payments can increase family income, effectively alleviate the stress of low-income families and maintain the level of household welfare.…”

Section: The Literature Reviewmentioning

confidence: 99%

A Mechanistic Study of the Impact of Digital Payments on Rural Household Development Resilience

Wang

Lin

2023

Sustainability

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China has made advancements in the achievement of the poverty relief goal set by the 2030 Agenda for Sustainable Development of the United Nations. However, the rapidly changing socioeconomic environment and the increasingly growing complication of poverty in rural households make it necessary to enhance rural household development resilience to ensure poverty alleviation. With the rapid development of Internet technology, this paper assesses whether digital payments influence rural household development resilience. Based on it, this study takes rural China as its research area, selects samples of farmers’ household registration as its research object, uses the data recorded by China Household Finance Survey (CHFS) in 2015, 2017, and 2019, and constructs the index of “rural household development resilience” based on the family wellbeing model to empirically test the impact of rural households using mobile payments on development resilience. By considering the nonlinear dynamics of event development, this paper addresses the short-term effects of the previous exclusive examination of digital payments, providing a theoretical basis for future research on the relationship between digital payments and development resilience. The results show the following: (1) digital payments can significantly enhance rural household development resilience; (2) relaxing liquidity constraints and promoting farmer-oriented market participation are the primary mechanisms by which digital payments affect rural household development resilience, but digital payments do not have an impact on rural household development resilience by releasing credit constraints; and (3) the heterogeneity regression analysis showed that the promotion effect of digital payments on rural household development resilience is the strongest in the Western areas, at medium level in the Central areas, and the weakest in the Eastern areas. Thus, the influence of digital payments is not significant to rural household development resilience. Based on the conclusions mentioned above, this article proposes countermeasures and suggestions.

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The Impact of Mobile Payment on Household Poverty Vulnerability: A Study Based on CHFS2017 in China

Gong

Zhang

et al. 2022

IJERPH

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Changes in digital technology have brought about new opportunities in the field of financial poverty alleviation in China, and mobile payment as a new digital financial model is important in helping families to lift themselves out of poverty effectively and prevent a return to poverty. This paper examines the impact of mobile payment on household poverty vulnerability and the mechanism of action using the China Household Finance Survey (CHFS) 2017 microsurvey data. After adopting the IVprobit model and a series of robustness tests, we found: (1) mobile payment significantly negatively impacts household poverty vulnerability; (2) the mechanism analysis indicates that promoting entrepreneurship and improving risk management capabilities are the main channels through which mobile payment mitigates household poverty vulnerability; (3) household entrepreneurship and entrepreneurial survival significantly reduce the probability of poverty vulnerability; and (4) the probit regression analysis explores how mobile payment has a greater negative impact on poverty vulnerability among low-income, homeless, and relatively backward households in rural or western areas. This work contributes to the literature on the use of electronic communication technology to eradicate poverty and on inclusive finance, providing vital results for other countries to use as an example.

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Can Mobile Payment Increase Household Income and Mitigate the Lower Income Condition Caused by Health Risks? Evidence from Rural China

Cited by 3 publications

References 61 publications

Enhancing financial inclusion in China amidst COVID-19: Opportunities, challenges, and strategies

Enhancing financial inclusion in China amidst COVID-19: Opportunities, challenges, and strategies

A Mechanistic Study of the Impact of Digital Payments on Rural Household Development Resilience

The Impact of Mobile Payment on Household Poverty Vulnerability: A Study Based on CHFS2017 in China

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