The Diffusion of Payment Innovations

Tanai Khiaonarong () and Jonathan Liebenau ()
Additional contact information
Tanai Khiaonarong: University of Westminster and Bank of Thailand
Jonathan Liebenau: London School of Economics and Political Science

Chapter 5 in Banking on Innovation, 2009, pp 101-116 from Springer

Abstract: Abstract We illustrate the relative use of cash and electronic payments in five Asian countries–Japan, Korea, Singapore, Taiwan, and Thailand-as well as Hong Kong, an important economic zone of China. The purpose is to compare cash and other payment instrument use across these countries, determine the trend in cash use over 1995–2003, and illustrate how the transaction share of electronic payments in non-cash transactions has changed. This can provide a foundation for comparing payment system efficiency and technology adoption among Asian countries. We further note the apparent bank and retailer costs of accepting different payment instruments to get some idea of whether or not replacing cash transactions with electronic payments may lead to social benefits. A logistic projection of the share of electronic transactions in non-cash payments and the intensity of cash use in consumption is then presented.

Keywords: Credit Card; Cash Payment; Card Payment; Debit Card; Electronic Payment (search for similar items in EconPapers)
Date: 2009
References: Add references at CitEc
Citations:

There are no downloads for this item, see the EconPapers FAQ for hints about obtaining it.

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:spr:conchp:978-3-7908-2333-2_5

Ordering information: This item can be ordered from
http://www.springer.com/9783790823332

DOI: 10.1007/978-3-7908-2333-2_5

Access Statistics for this chapter

More chapters in Contributions to Economics from Springer
Bibliographic data for series maintained by Sonal Shukla () and Springer Nature Abstracting and Indexing ().