Visa International Asia Pacific, Research on the effects of World Bank, Doing business 2015: Going beyond the credit card industry on the Korean economy, Samil efficiency, October 2014. PwC and KAIST Graduate School of Management, World Bank, Identification for development: Strategic April 2006. framework, January 2016. Voorhies, Rodger, Jason Lamb, and Megan Oxman, World Bank, Innovation in electronic payment adoption: Fighting poverty, profitably: Transforming the The case of small retailers, working paper number economics of payments to build sustainable, inclusive 106633, June 2016. financial systems, Bill & Melinda Gates Foundation, September 2013. Wright, Graham A. N., and Leonard Mutesasira, The relative risks to the savings of poor people, MicroSave, W January 2001. Wang, Yanzhong, “Financing difficulties and structural Z characteristics of SMEs in China,” China and World Economy, volume 12, number 2, 2004. Zins, Alexandra, and Laurent Weill, “The determinants World Bank, World development report 2016: Digital of financial inclusion in Africa,” Review of Development dividends, 2016. Finance, August 2016. 112 McKinsey Global Institute Bibliography

DIGITAL FINANCE FOR ALL - Page 131 DIGITAL FINANCE FOR ALL Page 130 Page 132