Consumer cash usage

Bagnall, John R; Huynh, Kim P; Bounie, David

"We measure consumers' use of cash by harmonizing payment diary surveys from seven countries. The seven diary surveys were conducted in 2009 (Canada), 2010 (Australia), 2011 (Austria, France, Germany and the Netherlands), and 2012 (the United States). Our paper finds cross-country differences - for example, the level of cash usage differs across countries. Cash has not disappeared as a payment instrument, especially for low-value transactions. We also find that the use of cash is strongly correlated with transaction size, demographics, and point-of-sale characteristics such as merchant card acceptance and venue"--

economics economy credit finance bank notes credit cards financial services money payment financial transaction transaction credit card survey data debit card transactions electronic funds transfers debits and credits debit e-money payment card interchange fee econometric and statistical methods payment cards cash transactions