Why fighting cash is a worthy cause

Research output: Contribution to journalOther scientific journal contribution

Abstract

Slogans aside, card companies and banks have clearly waged a War on Cash (WOC). The European Payments Council, for one, hopes that the creation of the Single Euro Payments Area will result in greater payment card use. According to McKinsey, this could help European banks save 50 to 100 billion euro per year. This article brings together a number of recent studies for Belgium and the Netherlands in order to show that the WOC is a cause worth fighting for.
Original languageEnglish
Pages (from-to)8-12
Number of pages5
JournalProChip
Publication statusPublished - Oct 2006

Keywords

  • electronic money
  • payment systems
  • social cost of cash

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