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Prepaid Cards: An Inadequate Solution for Digital Payments Inclusion

Author

Listed:
  • Ying Lei Toh

Abstract

Although prepaid cards have the potential to address digital payments exclusion, their use among unbanked households remains low.

Suggested Citation

  • Ying Lei Toh, 2021. "Prepaid Cards: An Inadequate Solution for Digital Payments Inclusion," Economic Review, Federal Reserve Bank of Kansas City, vol. 106(no.4), October.
  • Handle: RePEc:fip:fedker:93294
    DOI: 10.18651/ER/v106n4Toh
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    References listed on IDEAS

    as
    1. Claire Greene & Fumiko Hayashi & Joanna Stavins, 2020. "Delivering Benefits of Faster Payments to the Underserved," Consumer & Community Context 89155, Board of Governors of the Federal Reserve System (U.S.).
    2. Fumiko Hayashi, 2016. "Access to Electronic Payments Systems by Unbanked Consumers," Economic Review, Federal Reserve Bank of Kansas City, issue Q III, pages 51-76.
    3. Terri Bradford, 2020. "Neobanks: Banks by Any Other Name?," Payments System Research Briefing, Federal Reserve Bank of Kansas City, pages 1-6, August.
    Full references (including those not matched with items on IDEAS)

    Citations

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    Cited by:

    1. Ying Lei Toh, 2021. "When Paying Bills, Low-Income Consumers Incur Higher Costs," Payments System Research Briefing, Federal Reserve Bank of Kansas City, issue November , pages 1-7, November.

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    More about this item

    Keywords

    Prepaid Cards; Survey of Household Use of Banking and Financial Services (FDIC 2019); Payments; Financial Inclusion; Unbanked;
    All these keywords.

    JEL classification:

    • E42 - Macroeconomics and Monetary Economics - - Money and Interest Rates - - - Monetary Sytsems; Standards; Regimes; Government and the Monetary System

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