Payment Instruments, Financial Privacy and Online Purchases

Balgobin Yann, Bounie David (), Quinn Martin and Patrick Waelbroeck
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Balgobin Yann: Telecom ParisTech, Economics and Social Sciences, 46 rue Barrault, 75634 Paris Cedex 13, France
Bounie David: Telecom ParisTech, Economics and Social Sciences, 46 rue Barrault, 75634 Paris Cedex 13, France
Quinn Martin: Telecom ParisTech, Economics and Social Sciences, 46 rue Barrault, 75634 Paris Cedex 13, France

Review of Network Economics, 2016, vol. 15, issue 3, 147-168

Abstract: The protection of financial personal data has become a major concern for Internet users in the digital economy. This paper investigates whether the consumers’ use of non-bank payment instruments that preserve financial privacy from banks and relatives may increase their online purchases. We analyze the purchasing decisions and the use of bank and non-bank payment instruments of a representative sample of French Internet consumers in 2015. Using two econometric methods, namely a two-step regression and a Bayesian Markov Chain Monte Carlo model to account for a potential endogeneity problem, we find evidence that the use of a non-bank payment instrument positively influences consumers’ online purchases.

Keywords: electronic commerce; endogenous binary; financial privacy; payments; variable model (search for similar items in EconPapers)
JEL-codes: G21 G23 L81 L86 (search for similar items in EconPapers)
Date: 2016
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DOI: 10.1515/rne-2016-0046

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