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What does it cost to make a payment?
Florida State University.
School of Business, Economics and Law, University of Gothenburg.
School of Business, Economics and Law, University of Gothenburg.
School of Business, Economics and Law, University of Gothenburg.
2003 (English)In: Review of Network Economics, ISSN 1446-9022, E-ISSN 1446-9022, Vol. 2, no 2, 159-174 p.Article 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
2003. Vol. 2, no 2, 159-174 p.
National Category
Economics Business Administration
Research subject
Economy, Economics; Economy, Business administration
Identifiers
URN: urn:nbn:se:lnu:diva-22511OAI: oai:DiVA.org:lnu-22511DiVA: diva2:570196
Available from: 2012-11-16 Created: 2012-11-16 Last updated: 2017-12-07Bibliographically approved

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CiteExportLink to record
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