TY  - JOUR
T1  - The impact of contactless payment on cash usage at an early stage of diffusion
A1  - Trütsch, Tobias
Y1  - 2020///
KW  - Cash usage
KW  - Contactless payment
KW  - Credit cards
KW  - Debit cards
KW  - Money demand
KW  - Regression modelling
KW  - US
PB  - Swiss Journal of Economics and Statistics
JF  - Swiss Journal of Economics and Statistics
VL  - 156
IS  - 1
DO  - 10.1186/s41937-020-00050-0
L1  - file:///E:/jurnal/2023/j of economics and business/paper/Trutc 2020 The_impact_of_contactless_paym.pdf
N2  - This paper explores the impact of contactless payment on consumers’ demand for cash at an early stage of diffusion. The specific devices that are investigated are debit and credit cards, in which the feature is embedded. A novel balanced panel dataset drawn from representative surveys on consumer payment behavior in the USA from 2009 to 2013 is analyzed to account for unobserved heterogeneity in cash usage. The results show that contactless credit and debit cards exert no statistically significant effect on cash usage after controlling for unobserved heterogeneity. Consumers’ decision to use contactless payment is an endogenous choice. Card-affined individuals replace conventional card payments with contactless card payments. Hence, the overall effect on cash usage remains unaffected.
ER  -