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What does it cost to make a payment?
Florida State University, USA.
University of Gothenburg, Sweden.ORCID iD: 0000-0003-4744-0305
University of Gothenburg, Sweden.
University of Gothenburg, Sweden.
2003 (English)In: Review of Network Economics, ISSN 1446-9022, E-ISSN 1446-9022, Vol. 2, no 2, p. 159-174Article in journal (Refereed) Published
Abstract [en]

We survey the limited data that exists concerning the cost of making/receiving a payment by banks, retailers, and other parties to a transaction. Since an electronic payment costs between one-third and onehalf that of a paper-based instrument, a country may save 1% of its GDP annually as it shifts from a fully paper-based to a fully electronic-based payment system. Some gains have already been realized. Additional analysis indicates that bank costs of making a payment may have fallen by 45% in Europe as the share of electronic transactions in 12 countries rose from .43 to .79 over 1987-1999.

Place, publisher, year, edition, pages
Walter de Gruyter, 2003. Vol. 2, no 2, p. 159-174
National Category
Economics Business Administration
Research subject
Economy, Economics; Economy, Business administration
Identifiers
URN: urn:nbn:se:lnu:diva-22511DOI: 10.2202/1446-9022.1024OAI: oai:DiVA.org:lnu-22511DiVA, id: diva2:570196
Available from: 2012-11-16 Created: 2012-11-16 Last updated: 2019-04-26Bibliographically approved

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Willesson, Magnus

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