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Cards or cash. How should we pay
| Content Provider | Semantic Scholar |
|---|---|
| Author | Segendorf, Björn |
| Copyright Year | 2012 |
| Abstract | Inexpensive and easy-to-use payment services promote trade and prosperity. The efficiency of the payment system is thus an important social issue. In this article we give a brief account of the social costs of cash and card payments and discuss how the payment system could be used more efficiently. We find that cash and cards are used relatively efficiently in the Swedish payment system. However, there is potential for further reducing payment costs by using debit cards to a greater extent than today. The payment system could also be used more efficiently if transparent and cost-based charges were introduced. Consumers may find it easier to accept such charges if they are compensated for them and provided with simple and targeted information. |
| File Format | PDF HTM / HTML |
| Alternate Webpage(s) | http://archive.riksbank.se/Documents/Rapporter/POV/2012/rap_pov_artikel_5_121017_eng.pdf |
| Language | English |
| Access Restriction | Open |
| Content Type | Text |
| Resource Type | Article |
