Table 9 Summary of FE regression results of contactless debit 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Usual cash withdrawn | Number of withdrawals | Cash in wallet | Cash share volume | |||||||||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 debit cards | -2.250 | -2.966 | -5.062 | -0.904* | -0.942 | -0.941 | 3.789 | 4.256 | 3.206 | -0.003 | 0.003 | 0.004 |
(7.691) | (7.751) | (7.725) | (0.502) | (0.634) | (0.625) | (5.966) | (7.965) | (7.945) | (0.033) | (0.038) | (0.038) | |
R2 | 0.012 | 0.011 | 0.067 | 0.008 | 0.015 | 0.041 | 0.011 | 0.014 | 0.020 | 0.013 | 0.028 | 0.030 |
Individuals | 3874 | 3084 | 3084 | 3882 | 3090 | 3089 | 3882 | 3093 | 3093 | 3832 | 3075 | 3074 |
Observations | 906 | 899 | 899 | 906 | 900 | 899 | 905 | 898 | 898 | 905 | 899 | 898 |
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 |