2023 Methods-of-Payment Survey Report: The Resilience of Cash

Christopher Henry, Matthew Shimoda and Doina Rusu

No 2024-08, Discussion Papers from Bank of Canada

Abstract: We present key results from the 2023 Methods-of-Payment (MOP) Survey, including updated payment shares based on a three-day shopping diary. Results show that measures of cash management and use have remained fairly stable since 2020, along with the estimated share of payments made online. In 2023, Canadians increased their adoption of payment alternatives such as mobile apps and Interac e-Transfer. New questions were introduced into the MOP survey instrument in 2023 to measure perceived access to cash from automated banking machines and banks.

Keywords: Bank notes; Digital currencies and fintech; Financial services (search for similar items in EconPapers)
JEL-codes: D83 E41 (search for similar items in EconPapers)
Pages: 44 pages
Date: 2024-07
New Economics Papers: this item is included in nep-ban, nep-mon and nep-pay
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Citations: View citations in EconPapers (1)

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