Skip to main content

Table 11 First-year payment card and cash usage characteristics of stayers vs. attritors

From: The impact of contactless payment on cash usage at an early stage of diffusion

  Stayers Attritors t test  
Variable Mean SD N Mean SD N Mean diff.
Contactless credit cards 0.103 0.303 1131 0.089 0.285 1027 − 0.015
Contactless debit cards 0.099 0.298 1129 0.130 0.336 1029 0.034
Credit cards 0.726 0.446 1131 0.717 0.451 1029 − 0.023
Debit cards 0.757 0.429 1129 0.785 0.411 1028 0.029
Credit card usage 0.567 0.496 1120 0.542 0.499 1019 − 0.036
Debit card usage 0.641 0.480 1118 0.671 0.470 1019 0.033
Usual withdrawal 122.368 161.119 1122 125.448 193.411 1023 3.974
Nr. of withdrawals 3.258 2.956 1123 3.757 3.710 1023 0.479*
Cash in wallet 72.698 120.903 1116 64.834 104.088 1016 − 8.315
Cash share in volume 0.392 0.300 1074 0.36 0.301 968 − 0.027
  1. Usage describes the fact that respondents make the corresponding typ of payment at least once in a typical month. Survey weights used. t tests of mean differences of stayers and attritors are displayed. Differences may stray from true values due to rounding and weighting. Significance levels are denoted as ***p <0.01, **p <0.05, *p <0.1. Variables are displayed for 2009. Stayers participate five years in a row. Attritors participate in 2009 but not in all 5 years