Retail payment innovations and cash usage: accounting for attrition by using refreshment samples
Retail payment innovations and cash usage: accounting for attrition by using refreshment samples
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零售支付创新和现金使用：通过使用茶点样品来计算消耗
DOI：
10.1111/rssa.12208
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发表时间：
2017
期刊：
影响因子：
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通讯作者：
Kim P. Huynh
中科院分区：
文献类型：
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作者：
Heng Z. Chen;M. Felt;Kim P. Huynh
非接触式信用卡和储值卡被吹捧为一种快速方便的支付方式，以取代现金在销售点。横截面方法发现这些零售支付创新对现金使用的影响很大（约10%）。使用半参数面板模型，考虑到未观察到的异质性和一般形式的损耗，我们发现非接触式信用卡没有显着影响，单用途储值卡仅减少了2%的现金使用。这些结果表明，支付创新扩散的速度并不均衡。
Contactless credit cards and stored value cards are touted as a fast and convenient method of payment to replace cash at the point of sale. Cross‐sectional approaches find a large effect of these retail payment innovations on cash usage (around 10%). Using a semiparametric panel model that accounts for unobserved heterogeneity and general forms of attrition, we find no significant effect for contactless credit cards and only a 2% reduction in cash usage stemming from single‐purpose stored value cards. These results point to the uneven pace of payment innovation diffusion.