Arango-Arango, Carlos A.; Betancourt-García, Yanneth Rocío - In: Latin American journal of central banking : LAJCB 3 (2022) 4, pp. 1-13
As in many developing economies, cash is still widely used in Colombia, even among merchants who accept payment cards …. Indeed, 60% of these merchants use dissuasive strategies to make their clients pay with cash. This paper presents estimates … paid with cash or cards. We find the estimates are far below the rates that the industry charges because of the low …
