As part of training of Indian senior bankers, the National Institute of Bank Management located in Pune, India, invited Bob Chakravorti to teach three courses. This course is on the evolution of FinTech in India and beyond. Specifically, the presentation focuses on how FinTechs provide greater access to payments, lending...
As part of training of Indian senior bankers, the National Institute of Bank Management located in Pune, India, invited Bob Chakravorti to teach three courses. This course is on the FinTech financing options of MSMEs.
In this presentation, Bob Chakravorti discusses the challenges in SME lending in the Middle East and Central Asia. He focuses on the potential of FinTechs to reduce lending frictions and increase financing in the region.
In this presentation, Sujit "Bob" Chakravorti discusses how new entrants are disrupting payments. Specifically, he looks at how FinTechs are leveraging new technologies and Big Tech firms leveraging their large user bases to provide payment services to underserved segments often at lower prices. He also analyzes the role of the...
Payment cards continue to replace cash and checks in advanced economies. Along with the growth of payment card transactions has come greater scrutiny by public authorities of certain payment network rules along with the level of certain fees. Chakravorti reviews the growing payment card literature and discusses the impact of...
In his presentation to Bank of Mexico economists and payment experts, Chakravorti presented an update of economic models that consider various forms of regulation.
Bolt and Chakravorti study the ability of banks and merchants to influence the consumer's payment instrument choice. Consumers participate in payment card networks to insure themselves against three types of shocks - income, theft, and their merchant match. Merchants choose which payment instruments to accept based on their production costs...
Bolt and Chakravorti explain how a payment network operates. Having established the payment network framework, they discuss the costs and benefits of providing and using payment cards relative to various other types of payment instruments. Next, they review the key contributions to the theoretical payment card literature. They consider papers...
In this article, Chakravorti and McHugh address why consumers, merchants, and financial institutions are reluctant to embrace electronic payments even though electronic payment networks, such as the credit card and automated clearinghouse (ACH) networks, have existed for more than 25 years. While most Internet-based transactions are primarily processed via credit...
This article concerns electronic bill presentment and payment (EBPP) in the business-to-consumer (B2C) marketplace and, more specifically, remote bill payments (as opposed to payments made at the point of sale).B2C EBPP applications are plausibly among the most promising innovations to shift U.S. consumer payments from checks to electronic alternatives. By...