WP 74/2011: Payment Habits in Denmark
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| Author(s): | Jacobsen, Johan Gustav Kaas; Nielsen, Søren Truels |
| Subject: | Payment and settlement systems; Payment and settlement systems in general; Payment systems |
| Type: | Working Papers |
| Year of publication: | 2011 |
| Date of publication: | 09/20/2011 |
In Denmark the most frequent means of payment are cash and dankort. A survey study of Danish payment behaviour reveals that older citizens as well as low-income groups in particular prefer cash. A recent change in Danish surcharge regulation permits retailers to charge a fee when receiving credit card payments, but not when receiving debit card, including dankort, payments. A statistical analysis of Danish payment patterns indicate that such a change will not incite more people to pay in cash.
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