David, Humphrey; Magnus, Willesson; Ted, Lindblom; … - In: Review of Network Economics 2 (2003) 2, pp. 1-16
We survey the limited data that exists concerning the cost of making/receiving a payment by banks, retailers, and other parties to a transaction. Since an electronic payment costs between one-third and onehalf that of a paper-based instrument, a country may save 1% of its GDP annually as it...