The costs of point-of-sale payments in Switzerland
Type
conference speech
Date Issued
2024-09-13
Author(s)
Abstract
The overall economic costs associated with point-of-sale payments in Switzerland are by no means negligible. In 2022, the resource costs amounted to around CHF 4.9 billion. This corresponded to 0.64 percent of gross domestic product (GDP). The level of costs varies greatly depending on the stakeholder and means of payment. At 0.30 per cent of GDP, retailers had the highest resource costs, while the financial sector had the second highest resource costs at 0.21 per cent of GDP. This is followed by consumers and the SNB (the latter’s costs, at ca. 0.03 per cent of GDP for private and resource costs, were negligible).
Language
English
Keywords
cash
debit card
credit card
costs
payment
Refereed
Yes
Event Title
Shaping a new reality of cash conference 2024: new normal - old challenges?
Event Location
Narodowy Bank Polski, Warsaw
Event Date
13.9.2024
Division(s)