Mobile payment, digital inclusive finance, and residents' consumption behavior research.

ABSTRACT: Based on the data of multiple Chinese household finance surveys, the interactive relationship between mobile payment, inclusive digital finance, and household consumption is discussed. It is found that mobile payment can directly and effectively improve household consumption, and the impact on hedonistic and developmental consumption is greater than survival consumption, which is conducive to upgrading household consumption. At the same time, mobile payment can indirectly promote basic and developmental consumer spending through digital inclusive financial mechanisms and weaken hedonistic consumer spending. The heterogeneity analysis found that the impact of mobile payment on household consumption was affected by income level, dependency structure, and regional attributes, and the low-inco

SUBMITTER: Hu N 

PROVIDER: S-EPMC11262667 | biostudies-literature | 2024

REPOSITORIES: biostudies-literature