El uso de efectivo y las tendencias de los pagos con tarjetas de débito y crédito en Colombia

Cash usage and trends in credit and debit card payments in Colombia

José Eduardo Gómez González, Juliana Jaramillo Echeverri y and A Meisel
Authors registered in the RePEc Author Service: Jose Gomez-Gonzalez and Juliana Jaramillo-Echeverri

MPRA Paper from University Library of Munich, Germany

Abstract: In this document we present an analysis on the use of cash as well as debit and credit cards in Colombia, emphasizing the historical evolution of its use. We also discuss some factors that explain the high use of cash that persists in the country. Additionally, using the first Oportunidades Banking Demand Study (Estudio de Demanda de Banca de las Oportunidades, 2015), we carried out a Probit type exercise, which identifies that the demand for credit depends on the labor status, region, age and confidence in the system of each individual. On the other hand, the demand for deposit accounts depends on the area (rural / urban), income level, education level, belong to the SISBEN system and confidence in the individual's financial system.

Keywords: cash; means of payment; probabilistic models; banks; Colombia (search for similar items in EconPapers)
JEL-codes: D12 E4 L81 (search for similar items in EconPapers)
Date: 2016-07-08, Revised 2016-09-15
New Economics Papers: this item is included in nep-his
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (2)

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Persistent link: https://EconPapers.repec.org/RePEc:pra:mprapa:78005

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