FinTech Lending and Cashless Payments

We are grateful to James Blume, Ding Ding, Jipeng Liu, and Dolly Yu for outstanding research assistance. We thank Wei Xiong (Editor), an Associate Editor, two anonymous referees, Franklin Allen, Paul Beaumont (discussant), Tobias Berg (discussant), Daniel Bjorkegren, Sylvain Catherine, Shawn Cole, William Cong (discussant), Ding Ding, Itamar Drechesler, Cesare Fracassi (discussant), Andreas Fuster, Manasa Gopal (discussant), Zhiguo He, Sasha Indarte, Soeren Karau (discussant), Amit Khandelwal (discussant), Elena Loutskina, Filippo Mezzanotti, Cecilia Parlatore, Thomas Philippon, Raghu Rajan, Uday Rajan (discussant), Huan Tang (discussant), Tiffany Tsai (discussant), Laura Veldkamp, Ansgar Walther (discussant), Aluna Wang (discussant), Haoxiang Zhu, and seminar and conference participants at Bank for International Settlements, City University of London, Columbia University, Dartmouth College, Federal Reserve Board, Harvard University, Hong Kong Baptist University, Hong Kong University of Science and Technology, IMF, Imperial College London, INSEAD, Luohan Academy, Monash University, National Taiwan University, Office of the Comptroller of the Currency, Ohio State University, Philadelphia Fed, Toulouse School of Economics, Tsinghua University, University of Florida, University of Lausanne, University of Pennsylvania, University of Technology Sydney, University of Toronto, University of Zurich, American Finance Association (AFA) Annual Meeting, Asian Bureau of Finance and Economic Research Webiner, China International Conference in Finance (CICF), European Finance Association (EFA) Annual Meeting, European Financial Data Institute Paris Meeting, Entrepreneurial Finance Association Conference, HEC Paris Entrepreneurship Conference, NBER Asset Pricing Meeting, Norges Bank-CEPR Banking Workshop, Review of Corporate Finance Studies (RCFS) Winter Conference, Texas Finance Festival, and World Bank Asia Economic Policy Network Conference for helpful comments. We thank Indifi for providing us with access to their data. All errors are ours. The views expressed herein are those of the authors and do not necessarily reflect the views of the National Bureau of Economic Research.

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