Paper or plastic? Payment instrument choice in Uruguay

Rodrigo Lluberas and Joaquín Saldain

No 2014007, Documentos de trabajo from Banco Central del Uruguay

Abstract: We study the drivers of Uruguayan households payment instrument choice using a new dataset from the Survey of Uruguayan Household Finances. Survey data and payment system aggregate data show that households are intensive in their use of cash while the use of credit and debit cards is low and stable. Our results show that household characteristics are important drivers of payment instrument choice: income, age and education increase the probability of using plastic. Access to financial services is an important determinant of using plastic over cash. Supply side conditions, like card acceptance at stores, also play a role.

Keywords: Payment systems; payment instruments; multihoming; Sistema de pago; medios de pago; multihoming (search for similar items in EconPapers)
JEL-codes: D12 D14 G20 (search for similar items in EconPapers)
Pages: 19 pages
Date: 2014
New Economics Papers: this item is included in nep-ban
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Citations: View citations in EconPapers (4)

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