COVID-19 Pandemic Increases the Divide Between Cash and Cashless Payment Users in Europe

Repository of Nicolaus Copernicus University

Show simple item record

dc.contributor.author Kotkowski, Radoslaw
dc.contributor.author Polasik, Michal
dc.date.accessioned 2022-11-16T06:28:21Z
dc.date.available 2022-11-16T06:28:21Z
dc.date.issued 2021-12
dc.identifier.citation Economics Letters, vol. 209, 2021, 110139, pp 1-6.
dc.identifier.issn 0165-1765
dc.identifier.other 10.1016/j.econlet.2021.110139
dc.identifier.uri http://repozytorium.umk.pl/handle/item/6788
dc.description.sponsorship This paper investigates how the COVID-19 pandemic has changed an important aspect of everyday life, viz. how people make payments. The empirical study is based on a survey of over 5000 respondents from 22 European countries. It shows that consumers who had been making cashless payments prior to the outbreak of the pandemic have been even more likely to do so since it broke out. On the other hand, the consumers who had mostly been paying in cash have often continued to do so. The divide between those who pay in cash and those who do not, therefore, seems to have widened during the pandemic. It may suggest financial inclusion issues. Additionally, we found that the probability of more frequent cashless payments as a result of the pandemic differs considerably between countries and therefore indicate the role of country-specific factors.
dc.language.iso eng
dc.publisher Elsevier
dc.rights Attribution 3.0 Poland
dc.rights.uri http://creativecommons.org/licenses/by/3.0/pl/
dc.subject COVID-19 pandemic
dc.subject cash
dc.subject cashless payments
dc.subject change in payment behaviour
dc.title COVID-19 Pandemic Increases the Divide Between Cash and Cashless Payment Users in Europe
dc.type info:eu-repo/semantics/article

Files in this item

This item appears in the following Collection(s)

Show simple item record

Attribution 3.0 Poland Except where otherwise noted, this item's license is described as Attribution 3.0 Poland

Search repository

Advanced Search


My Account