Disruptive innovations in digital payments are happening in a large number of countries around the world. In this paper, we investigate how merchants' acceptance of a contactless card technology affects card sales. Using score matching and difference-in-difference techniques on a unique sample...

The growing economic literature dedicated to payment instruments mainly focus on payments at point of sale. Yet, credit transfers and direct debits used in bill payments are much more used in the Euro area than checks, payments cards and other payment instruments. The main objective of this...