On the War on Cash and its Spoils
International Journal of Electronic Banking, Vol. 1, No. 1, pp. 36-45, 2008
11 Pages Posted: 14 Dec 2008 Last revised: 22 Feb 2009
Abstract
This article brings together a number of recent studies for Belgium and the Netherlands in order to show that the War On Cash is a cause worth fighting for. It builds on two central bank studies to show that the social cost of cash is substantial, and that society would benefit from a switch to debit cards and electronic purses. As for the most effective way of bringing about such a switch, evidence is presented according to which the introduction of cost-based pricing of payment instruments would have a bigger impact than simply raising the number of EFTPOS terminals.
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