Brown, Martin; Hentschel, Nicole; Mettler, Hannes; … - 2020 - This draft: April 20, 2020
We examine how an innovation in payment technology impacts on consumer payment choice and cash demand. We study the … reduction in the cash share of payments and no reduction of average cash demand. Treatment effects on payment choice are … strongest among consumers with an intermediate pre-treatment use of cash. Explorative analyses reveal that effects are largely …