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Swiss Journal of Economics and Statistics

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
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