TY - BOOK ID - 134365733 TI - Filling the Gap: Digital Credit and Financial Inclusion AU - Bazarbash, Majid. AU - Beaton, Kimberly. PY - 2020 PB - Washington, D.C. : International Monetary Fund, DB - UniCat KW - Banks and Banking KW - Finance: General KW - Money and Monetary Policy KW - Industries: Financial Services KW - Single Equation Models KW - Single Variables: Cross-Sectional Models KW - Spatial Models KW - Treatment Effect Models KW - Single Variables: Discrete Regression and Qualitative Choice Models KW - Money Supply KW - Credit KW - Money Multipliers KW - Pension Funds KW - Non-bank Financial Institutions KW - Financial Instruments KW - Institutional Investors KW - Monetary Systems KW - Standards KW - Regimes KW - Government and the Monetary System KW - Payment Systems KW - Monetary Policy, Central Banking, and the Supply of Money and Credit: General KW - Financial Markets and the Macroeconomy KW - Banks KW - Depository Institutions KW - Micro Finance Institutions KW - Mortgages KW - Computer applications in industry & technology KW - Monetary economics KW - Finance KW - Banking KW - Fintech KW - Financial sector development KW - Peer-to-peer lending KW - Money KW - Technology KW - Financial markets KW - Financial inclusion KW - Financial services industry KW - Technological innovations KW - Banks and banking KW - United States UR - https://www.unicat.be/uniCat?func=search&query=sysid:134365733 AB - Can fintech credit fill the credit gap in the consumer and business segments? There are few cross-country studies that explore this question. Focusing on marketplace lending, an important part of fintech credit, we use data for 109 countries from 2015 to 2017 to study the relationship between fintech credit to businesses and consumers and various aspects of financial development. Marketplace lending to consumers grows in countries where financial depth declines highlighting the role of fintech credit in filling the credit gap by traditional lenders. This result is particularly strong in low-income countries. In the business segment, marketplace lending expands where financial efficiency declines. Our findings show that low-income countries take advantage of the fintech credit opportunity in the consumer segment but face important challenges in the business segment. ER -