TY  - JOUR
T1  - The Struggle between Cash and Electronic Payments
A1  - Pintér, Zsófia
A1  - Nagy, Mónika Zita
A1  - Tóth, Katalin
A1  - Varga, József
Y1  - 2022///
KW  - ANOVA
KW  - Hungary
KW  - cashless society
KW  - consumer survey
KW  - digitalization
KW  - electronic payment systems
KW  - financial awareness
KW  - means of payment
KW  - sustainability
KW  - waste
JF  - Economies
VL  - 10
IS  - 12
DO  - 10.3390/economies10120304
L1  - file:///E:/jurnal/2023/j of economics and business/paper/Pinter 2022 The_Struggle_between_Cash_and_.pdf
N2  - The assessment of consumer behavior regarding the choice of financial instruments may be extremely important in the near future, since the fight between cash and electronic money has reached a turning point, and electronic payments are slowly defeating cash. On one hand, in the long term, this possible separation threatens sustainable development goals, and on the other hand, financial awareness can affect the number of purchases and savings. In a survey of 499 people, we examined the reasons behind their decisions, with a particular focus on financial awareness. The result shows that the vast majority of Hungarian consumers are not yet ready to fully accept electronic payments. It can be stated that financial awareness is not present at all in one-fifth of respondents, and one-third are influenced by habituation in everyday shopping situations, which indicates a lack of financial awareness. Based on our results, we have concluded that our consumers still find it difficult to abandon cash payments. Financial awareness needs to be improved in parallel with the Hungarian government’s strategy to reduce the use of cash.
ER  -