This study examined policy approaches to payment systems efficiency in the SEACEN countries. Two major findings were as follows. First, cash remained a dominant payment method in a majority of SEACEN countries. A declining trend, however, was found in three countries ¨C Korea, Singapore and...

The substitution of electronic payments for paper-based non-cash transactions and the share of cash in the value of consumption are investigated for Hong Kong, Japan, Korea, Singapore, Taiwan, and Thailand over 1995-2003. Five and ten-year logistic curve projections for electronic and cash...