Artikel

How digital payments can benefit entrepreneurs

Digital payment systems can conveniently and affordably connect entrepreneurs with banks, employees, suppliers, and new markets for their goods and services. These systems can accelerate business registration and payments for business licenses and permits by reducing travel time and expenses. Digital financial services can also improve access to savings accounts and loans. Electronic wage payments to workers can increase security and reduce the time and cost of paying employees. Yet, there are challenges as many entrepreneurs and employees lack bank accounts, digital devices, and reliable technology infrastructure.

Sprache
Englisch

Erschienen in
Journal: IZA World of Labor ; ISSN: 2054-9571 ; Year: 2023

Klassifikation
Wirtschaft
Entrepreneurship
Thema
entrepreneurship
digital payments
credit
gender

Ereignis
Geistige Schöpfung
(wer)
Klapper, Leora
Ereignis
Veröffentlichung
(wer)
Institute of Labor Economics (IZA)
(wo)
Bonn
(wann)
2023

DOI
doi:10.15185/izawol.396.v2
Handle
Letzte Aktualisierung
10.03.2025, 11:42 MEZ

Datenpartner

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Objekttyp

  • Artikel

Beteiligte

  • Klapper, Leora
  • Institute of Labor Economics (IZA)

Entstanden

  • 2023

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