Table 8 Summary of FE regression results of contactless credit cards
From: The impact of contactless payment on cash usage at an early stage of diffusion
Usual cash withdrawn | Number of withdrawals | Cash in wallet | Cash share volume | |||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|
Variable | Baseline | Controls 1 | Controls 2 | Baseline | Controls 1 | Controls 2 | Baseline | Controls 1 | Controls 2 | Baseline | Controls 1 | Controls 2 |
(1) | (2) | (3) | (1) | (2) | (3) | (1) | (2) | (3) | (1) | (2) | (3) | |
Contactless | 6.766 | 6.855 | 8.906 | -0.325 | -0.326 | -0.295 | 8.371 | 6.850 | 6.067 | -0.011 | -0.013 | -0.013 |
Credit cards | ||||||||||||
(8.994) | (11.044) | (9.824) | (0.355) | (0.435) | (0.446) | (12.976) | (14.477) | (14.318) | (0.027) | (0.030) | (0.030) | |
R2 | 0.012 | 0.016 | 0.088 | 0.006 | 0.009 | 0.031 | 0.009 | 0.014 | 0.024 | 0.013 | 0.033 | 0.035 |
Observations | 3592 | 2865 | 2865 | 3602 | 2874 | 2873 | 3599 | 2874 | 2874 | 3556 | 2860 | 2858 |
Individuals | 853 | 845 | 845 | 853 | 847 | 846 | 851 | 844 | 844 | 852 | 846 | 845 |
Demographics | Yes | Yes | Yes | Yes | Yes | Yes | Yes | Yes | Yes | Yes | Yes | Yes |
Relative characteristics | No | Yes | Yes | No | Yes | Yes | No | Yes | Yes | No | Yes | Yes |
Withdrawal method | No | No | Yes | No | No | Yes | No | No | Yes | No | No | Yes |