Tapping and waving to debt: Mobile payments and credit card behavior

Tobias Meyll and Andreas Walter

Finance Research Letters, 2019, vol. 28, issue C, 381-387

Abstract: This study investigates whether the use of mobile payment technology is associated with individuals’ credit card (mis-)behavior. Using a sample of more than 25,000 US households, we find that individuals using their smartphones to conduct mobile payments are more likely to exhibit costly credit card behavior. In addition, conditional on using mobile payments, our results provide further evidence that frequent usage of mobile payments is related to individuals’ costly credit card behavior. Thus, our findings suggest a relationship between innovative payment methods and increases in individuals’ overall spending.

Keywords: Mobile payment; Credit card behavior; Spending behavior; Household finance; Pain of payment (search for similar items in EconPapers)
JEL-codes: D12 D18 G21 G4 O33 (search for similar items in EconPapers)
Date: 2019
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (13)

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Persistent link: https://EconPapers.repec.org/RePEc:eee:finlet:v:28:y:2019:i:c:p:381-387

DOI: 10.1016/j.frl.2018.06.009

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