Payment instruments, financial privacy and online purchases

Yann Balgobin, David Bounie (), Martin Quinn () and Patrick Waelbroeck
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Yann Balgobin: SES - Département Sciences Economiques et Sociales - Télécom Paris - IMT - Institut Mines-Télécom [Paris] - IP Paris - Institut Polytechnique de Paris, Télécom ParisTech
David Bounie: SES - Département Sciences Economiques et Sociales - Télécom Paris - IMT - Institut Mines-Télécom [Paris] - IP Paris - Institut Polytechnique de Paris, Télécom ParisTech
Martin Quinn: Télécom ParisTech, SES - Département Sciences Economiques et Sociales - Télécom Paris - IMT - Institut Mines-Télécom [Paris] - IP Paris - Institut Polytechnique de Paris

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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: Endogenous binary; Financial privacy; Payments; Variable model; Electronic commerce (search for similar items in EconPapers)
Date: 2016-09-26
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Published in Review of Network Economics, 2016, 15 (3), pp.147-168. ⟨10.1515/rne-2016-0046⟩

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Journal Article: Payment Instruments, Financial Privacy and Online Purchases (2016)
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Persistent link: https://EconPapers.repec.org/RePEc:hal:journl:hal-02077839

DOI: 10.1515/rne-2016-0046

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