The effect of transaction pricing on the adoption of electronic payments: a cross-country comparison

Wilko Bolt, David B. Humphrey and Roland Uittenbogaard

No 05-28, Working Papers from Federal Reserve Bank of Philadelphia

Abstract: Pricing should speed up the substitution of low cost electronic payments for expensive paper-based transactions and cash. But by how much? Norway has explicitly priced individual payment transactions and rapidly shifted to electronic payments while the Netherlands has experienced the same shift without direct pricing. Controlling for differences between countries, the authors estimate the incremental effect of pricing on the shift to electronic payments. If users strongly value the improved convenience or security of electronic payments, pricing?viewed negatively by most consumers?may not be necessary to ensure rapid adoption of electronic payments. ; Also issued as Payment Cards Center Discussion Paper No. 05-18

Keywords: Electronic funds transfers; Prices (search for similar items in EconPapers)
Date: 2005
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Citations: View citations in EconPapers (14)

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