Payment Technology Adoption and Finance: A Randomized-Controlled-Trial with SMEs

Patricio Dalton, Haki Pamuk, R. Ramrattan, Daan van Soest, Burak Uras

Research output: Working paperDiscussion paperOther research output

765 Downloads (Pure)


What determines the adoption of electronic-payment instruments? Do these instruments impact business outcomes, in particular access to finance? To shed light on these questions, we conducted a Randomized-Controlled-Trial with Kenyan SMEs. Our experiment released barriers to adopt a novel payment instrument. We uncover that the adoption barriers were binding for a large portion of the firms and that firms' financial transparency interacted with the decision to adopt. After sixteen months, treated businesses were more likely to feel safe and had more loans. The impact on loans was especially pronounced for smaller size establishments, which also experienced a reduction in sales-volatility.
Original languageEnglish
PublisherCentER, Center for Economic Research
Number of pages60
Publication statusPublished - 16 Oct 2018

Publication series

NameCentER Discussion Paper


  • SME Finance
  • Transparency
  • Technology adoption
  • Lipa Na M-Pesa


Dive into the research topics of 'Payment Technology Adoption and Finance: A Randomized-Controlled-Trial with SMEs'. Together they form a unique fingerprint.

Cite this