The abolition of cash : is there a perfect substitute for cash at the point-of-sale
Westenbohm, Guillaume
Promotor(s) : Artige, Lionel
Date of defense : 11-Jan-2017/18-Jan-2017 • Permalink : http://hdl.handle.net/2268.2/2285
Details
Title : | The abolition of cash : is there a perfect substitute for cash at the point-of-sale |
Translated title : | [fr] L'abolition de l'argent liquide: Existe-t-il un substitut parfait à l'argent liquide au point de vente? |
Author : | Westenbohm, Guillaume |
Date of defense : | 11-Jan-2017/18-Jan-2017 |
Advisor(s) : | Artige, Lionel |
Committee's member(s) : | Reginster, Alexandre
Lambert, Marie |
Language : | English |
Number of pages : | 60 |
Keywords : | [en] cash [en] payment cards [en] proximity mobile payments [en] social costs [en] universality [en] anonymity [en] payment finality [en] social dimension |
Discipline(s) : | Business & economic sciences > Finance |
Institution(s) : | Université de Liège, Liège, Belgique |
Degree: | Master en sciences de gestion, à finalité spécialisée en Banking and Asset Management |
Faculty: | Master thesis of the HEC-Ecole de gestion de l'Université de Liège |
Abstract
[en] At a time where the cost of cash is openly discussed and where mobile payments are on the rise, the calls to finally replace cash by other payment instruments have increased. The objective of this thesis is thus to examine whether there are retail payment instruments that could possibly replace cash in the near future. The research question this thesis answers is the following: “Is there a perfect substitute for cash at the point-of-sale?”
To answer the research question, the different retail payment instruments (i.e. cash, payment cards, and mobile payments) treated in this thesis are being compared based on several characteristics as well as their total costs to society. Moreover, the influence the different payment instruments exert on the use of each other are analyzed.
The findings of this thesis indicate that cash is not going to disappear. Payment cards and mobile payment solutions are no perfect substitutes for cash. The technologies behind these electronic payment instruments have not been able to imitate the advantageous characteristics of cash, i.e. the universality, anonymity, and payment finality of cash.
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