Quotation Schäfer, Guido and Abele, Hanns. 2016. The cost of cash and debit cards in Austria. Journal of Financial Market Infrastructures 4 (4): S. 1-16.




This paper aims to close a gap in the literature on the cost of payment systems by analyzing the cost of cash and debit cards in Austria. No prior analysis exists, as far as the authors are aware. Using novel data from several sources, the unit costs for cash and debit card payments in 2013 are estimated to be €0.40 and €0.39, respectively, which are close to the most cost-efficient countries in Europe (the Netherlands and Scandinavian countries). Although Austrian consumers have a much stronger preference for cash than consumers in these countries, the Austrian payment industry appears to have developed relatively cost-efficient institutional structures by relying upon centralization and international outsourcing. However, cost efficiency could be further increased by increasing the share of debit card payments or other cost-efficient digital payment methods.


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Publication's profile

Status of publication Published
Affiliation WU
Type of publication Journal article
Journal Journal of Financial Market Infrastructures
Language English
Title The cost of cash and debit cards in Austria
Volume 4
Number 4
Year 2016
Page from 1
Page to 16
Reviewed? Y
DOI n.a.
JEL E42 Payment Systems


Abele, Hanns (Former researcher)
Schäfer, Guido (Details)
Department of Economics (Berger) (Details)
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