Development of the payment cards market in Poland in comparison with other European Union countries

Idzik, Marcin; Sobczak, K.

doi:10.5604/01.3001.0014.0616

Cited by 2 publications

(1 citation statement)

References 2 publications

Supporting

Mentioning

Contrasting

Order By: Relevance

“…There are many articles on the interaction of ATMs with payment cards. The first payment cards were used to withdraw cash from ATMs [1]. Mainly salary cards were used for this.…”

Section: Introductionmentioning

confidence: 99%

The Use Of Payment Cards In Kazakhstan: Analysis And Forecast

Kredina

Кошкина

Васа

2021

jour

View full text Add to dashboard Cite

The aim of the study is to analyze and forecast the use of payment cards for making non-cash payments through national payment systems in Kazakhstan. Based on this goal, a hypothesis was put forward that in Kazakhstan, there is a relationship between the number of payment cards and the volume of non-cash payments. This hypothesis was confirmed because of the study. The information base of the study was the data on payment cards, which were taken from the Statistical Bulletin of the National Bank of the Republic of Kazakhstan. Hypothesis testing was carried out using correlation analysis for three periods: 2009, 2016, 2020. The method of finding Pearson’s correlation in the SPSS program was used. The results showed a downward change in the relationship between the selected indicators and the amount of funds transferred over time. Also, in this study, a forecast was made for 2021-2023 for the indicators under consideration. To make a forecast for the indicators under consideration, a graphical method (polynomial trend line) was used. The resulting forecast shows the growth of cardholders and, consequently, the spread of the number of payment cards among the population in 2021-2023. The practical significance of this study is that the proposed methodology can help predict the dynamics of payment cards in any country in the world. Recommendations are also given for further improving the financial system, since increasing the transparency of monetary circulation in small-and-medium sized businesses will lead to a positive result in the implementation of the program for universal declaration of income in 2025.

show abstract

“…There are many articles on the interaction of ATMs with payment cards. The first payment cards were used to withdraw cash from ATMs [1]. Mainly salary cards were used for this.…”

Section: Introductionmentioning

confidence: 99%

The Use Of Payment Cards In Kazakhstan: Analysis And Forecast

Kredina

Кошкина

Васа

2021

jour

View full text Add to dashboard Cite

show abstract

Effects of COVID-19 on payment method preferences of Poles

Kubiczek

2022

Financial Internet Quarterly

View full text Add to dashboard Cite

Repeated payments create a certain habit in terms of the preferred payment method. Its formation stems from the simultaneous effect of a variety of factors, while its persistent character implies a difficulty in its change. The outbreak of the COVID-19 pandemic has influenced the terms of how society functions, thus affecting multiple spheres of people’s lives, including making purchases and payments. The aim of this paper is to identify and present the multidimensional impact of the COVID-19 pandemic on payment method preferences of people in Poland. The results indicate that the COVID-19 pandemic has stimulated the shrinkage of cash exchanges while at the same time made the tendency to use cashless payment methods grow. Cash payments are a path for viral transmissions and, thus, a potential source of infection and viewing them as an unsafe payment method effected the turn to cashless forms of payment. It is important to note that this fact constitutes one of the most vital factors of the dynamic growth of the BLIK payment system - a multi-institutional cashless payment system, working independently of the present card-based systems in Poland. Based on the conducted study it can be stated that the COVID-19 pandemic significantly changed payment method preferences of the people in Poland, yet the permanence of those changes will only be possible to determine in a larger timeframe.

show abstract

Development of the payment cards market in Poland in comparison with other European Union countries

Cited by 2 publications

References 2 publications

The Use Of Payment Cards In Kazakhstan: Analysis And Forecast

The Use Of Payment Cards In Kazakhstan: Analysis And Forecast

Effects of COVID-19 on payment method preferences of Poles

Contact Info

Product

Resources

About