The mobile phone has contributed to reducing the costs of person-to-person payments

News - February 2019 - No. 3

Authors Danmarks Nationalbank
Subject Payments; Payments systems; Danish Payments Council, The; Cash
Type News
Year 2019
Published 25 February 2019
For person-to-person, P2P, payments, mobile payment is the method that entails the lowest social costs. One of the reasons is that payment by mobile phone has become very popular for settling P2P accounts.