Modeling the number of transactions using cash and payment cards on the Polish market
DOI:
https://doi.org/10.12775/AUNC_ECON.2009.029Keywords
payment methods, payment cards, cashless turnover, count data modelsAbstract
The work deals with an analysis of factors determining the intensity of usage of payment methods by Polish customers. The study covers the 3 main payment methods used in physical Points-of-Sale: cash, debit cards and credit cards. In order to describe the number of payments count data models: Poisson regression, negative binomial regression, Poisson hurdle model, negative binomial hurdle model, ZIP and ZINB were applied. The results obtained in the study revealed a significant effect of many demographic factors, as well as the use of financial and telecommunication services. A substitution effect between payments by credit and debit cards has been shown. The study demonstrated a strong impact of customers’ concerns about security on the usage of cards. A significant barrier to the development of card payments are also the preferences of society for maintaining the anonymity of payment transactions.
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