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数字金融workshop:Does Open Payment Infrastructure Expand Credit Access: Evidence from India's UPI
发布日期：2024-05-14 12:00 来源：
第八讲 Does Open Payment Infrastructure Expand Credit Access: Evidence from India's UPI
时间/Time： 5月14日 周二 北京时间下午 16:30-18:00
Tuesday 14 May 2024, 2-3:30 p.m. IST
地点/Venue：Zoom会议（会议号: 897 2560 1400 密码: 938759）
主讲人/Speaker： Pulak Ghosh
主持人/Host： 胡佳胤 Jiayin Hu
Abstract
In 2016, India launched its open payment infrastructure, Unified Payment Interface (UPI), providing a unique experimental context. We use time variation in UPI deployment by banks and zipcode-level variation in their ex-ante deposit market share as a source of exogenous variation in UPI usage. Our difference-in-differences empirical design compares credit outcomes in pin codes (treated regions) served by banks that were early to deploy UPI relative to other pin codes (control region). There is a significant increase in both margins of credit access in regions with greater UPI usage. Consistent with financial inclusion, the increase in credit access is especially greater for subprime and "new-to-credit customers" (NTC). Notably, the increase in credit to NTC is led by Fintechs compared to traditional banks and is larger in ex-ante financially excluded regions. Our results inform the policy debate on the impact of open banking on expanding financial access.
主讲人介绍/Biography:
Pulak Ghosh is Professor in the Decision Sciences and Center of Public Policy at IIMB. He was IIMB Chair Professor of Excellence. His key area of specializations are in the intersections of Big data, Machine learning, Artificial Intelligence and its applications in Economics, Finance, Policy and Social Value Creation.
Prof Ghosh was member of the editorial boards of several top journals including the Journal of the American statistical Association, Journal of the Royal statistical Society (A) and Biometrics.
Prof Ghosh received multiple academic awards for his contributions to the profession. He received multiple best paper awards in top international conferences. He was conferred the "Young Scientist Award” in 2011 by the International Indian Statistical Association for his outstanding and innovative contribution to research. He was the recipient of the prestigious CR Rao award in 2015 by the Govt of India. He received the prestigious Mahalanobis Award in 2016 for his outstanding contributions in econometrics conferred by the Indian Econometric Society.
Prior to joining IIMB, he was a faculty at Georgia State University, Emory University. He also had a short stint at the Novartis Pharmaceuticals as Director of Clinically advanced Statistical Solutions.
Prof. Ghosh did his schooling from Ballygunge Govt. high School, Calcutta; BSC in Statistics from Ashutosh College (Under University of Calcutta) and MSC in Statistics from University of Calcutta. He received his PhD in Statistics from Oakland University, MI, USA.
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数字金融workshop:Does Open Payment Infrastructure Expand Credit Access: Evidence from India's UPI
发布日期：2024-05-14 12:00 来源：
第八讲 Does Open Payment Infrastructure Expand Credit Access: Evidence from India's UPI
时间/Time： 5月14日 周二 北京时间下午 16:30-18:00
Tuesday 14 May 2024, 2-3:30 p.m. IST
地点/Venue：Zoom会议（会议号: 897 2560 1400 密码: 938759）
主讲人/Speaker： Pulak Ghosh
主持人/Host： 胡佳胤 Jiayin Hu
Abstract
In 2016, India launched its open payment infrastructure, Unified Payment Interface (UPI), providing a unique experimental context. We use time variation in UPI deployment by banks and zipcode-level variation in their ex-ante deposit market share as a source of exogenous variation in UPI usage. Our difference-in-differences empirical design compares credit outcomes in pin codes (treated regions) served by banks that were early to deploy UPI relative to other pin codes (control region). There is a significant increase in both margins of credit access in regions with greater UPI usage. Consistent with financial inclusion, the increase in credit access is especially greater for subprime and "new-to-credit customers" (NTC). Notably, the increase in credit to NTC is led by Fintechs compared to traditional banks and is larger in ex-ante financially excluded regions. Our results inform the policy debate on the impact of open banking on expanding financial access.
主讲人介绍/Biography:
Pulak Ghosh is Professor in the Decision Sciences and Center of Public Policy at IIMB. He was IIMB Chair Professor of Excellence. His key area of specializations are in the intersections of Big data, Machine learning, Artificial Intelligence and its applications in Economics, Finance, Policy and Social Value Creation.
Prof Ghosh was member of the editorial boards of several top journals including the Journal of the American statistical Association, Journal of the Royal statistical Society (A) and Biometrics.
Prof Ghosh received multiple academic awards for his contributions to the profession. He received multiple best paper awards in top international conferences. He was conferred the "Young Scientist Award” in 2011 by the International Indian Statistical Association for his outstanding and innovative contribution to research. He was the recipient of the prestigious CR Rao award in 2015 by the Govt of India. He received the prestigious Mahalanobis Award in 2016 for his outstanding contributions in econometrics conferred by the Indian Econometric Society.
Prior to joining IIMB, he was a faculty at Georgia State University, Emory University. He also had a short stint at the Novartis Pharmaceuticals as Director of Clinically advanced Statistical Solutions.
Prof. Ghosh did his schooling from Ballygunge Govt. high School, Calcutta; BSC in Statistics from Ashutosh College (Under University of Calcutta) and MSC in Statistics from University of Calcutta. He received his PhD in Statistics from Oakland University, MI, USA.
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