Angelika Welte - Latest - Bank of Canada
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Bank of Canada RSS Feedsen2024-03-29T09:16:38+00:00COVID-19 Hasn’t Killed Merchant Acceptance of Cash: Results from the 2023 Merchant Acceptance Survey
https://www.bankofcanada.ca/2024/03/staff-discussion-paper-2024-2/
The Bank of Canada’s Merchant Acceptance Survey finds that 96% of small and medium-sized businesses in Canada accepted cash in 2023. Acceptance of debit and credit cards has increased to 89%, and acceptance of digital payments has also increased. However, Canada is far from being a cashless society.2024-03-25T12:20:03+00:00enCOVID-19 Hasn’t Killed Merchant Acceptance of Cash: Results from the 2023 Merchant Acceptance Survey2024-03-25Bank notesDigital currencies and fintechEconometric and statistical methodsStaff Discussion Paper 2024-2https://www.bankofcanada.ca/wp-content/uploads/2024/03/sdp2024-2.pdfCOVID-19 Hasn’t Killed Merchant Acceptance of Cash: Results from the 2023 Merchant Acceptance SurveyAngelika WelteKatrina TalaveraLiang WangJoy WuMarch 2024CC8DD2D22EE4LL2The 2021–22 Merchant Acceptance Survey Pilot Study
https://www.bankofcanada.ca/2023/01/staff-discussion-paper-2023-1/
The rise in digital payment innovations has spurred a discussion about the future of cash at the point of sale. The Bank conducted the 2021–22 Merchant Acceptance Survey Pilot Study to study trends in merchant cash acceptance and monitor conditions for the potential issuance of a central bank digital currency.2023-01-04T16:05:17+00:00enThe 2021–22 Merchant Acceptance Survey Pilot Study2023-01-04Bank notesDigital currencies and fintechEconometric and statistical methodsStaff Discussion Paper 2023-1https://www.bankofcanada.ca/wp-content/uploads/2023/01/sdp2023-01.pdfStaff Discussion Paper 2023-1Angelika WelteJoy WuJanuary 2023CC8DD2D22EE4LL2Payment Habits During COVID-19: Evidence from High-Frequency Transaction Data
https://www.bankofcanada.ca/2021/09/staff-working-paper-2021-43/
We examine how consumers have adjusted their payment habits during the COVID-19 pandemic. They seem to perform fewer transactions, spend more in each transaction, use less cash at the point of sale and withdraw cash from ATMs linked to their financial institution more often than from other ATMs.2021-09-10T09:14:25+00:00enPayment Habits During COVID-19: Evidence from High-Frequency Transaction Data2021-09-10Coronavirus disease (COVID-19)Domestic demand and componentsPayment clearing and settlement systemsRecent economic and financial developmentsStaff Working Paper 2021-43https://www.bankofcanada.ca/wp-content/uploads/2021/09/swp2021-43.pdfPayment Habits During COVID-19: Evidence from High-Frequency Transaction DataTatjana DahlhausAngelika WelteSeptember 2021CC2C22C5C55DD1D12EE2E21E4E42E5E52Distributional Effects of Payment Card Pricing and Merchant Cost Pass-through in Canada and the United States
https://www.bankofcanada.ca/2021/02/staff-working-paper-2021-8/
Although credit cards are more expensive for merchants to accept than cash or debit cards, merchants typically pass through their costs evenly to all customers. Along with consumer card rewards and banking fees, this creates cross-subsidies between payment methods. Because higher-income individuals tend to use credit cards more than those with lower incomes, our results indicate that these cross-subsidies might lead to regressive distributional effects.2021-02-05T10:29:38+00:00enDistributional Effects of Payment Card Pricing and Merchant Cost Pass-through in Canada and the United States2021-02-05Bank notesFinancial institutionsFinancial servicesMarket structure and pricingPayment clearing and settlement systemsStaff Working Paper 2021-8https://www.bankofcanada.ca/wp-content/uploads/2021/02/swp2021-8.pdfDistributional Effects of Payment Card Pricing and Merchant Cost Pass-through in Canada and the United StatesMarie-Hélène FeltFumiko HayashiJoanna StavinsAngelika WelteFebruary 2021DD1D12D2D23D3D31EE4E42GG2G21LL8L81What do high-frequency expenditure network data reveal about spending and inflation during COVID‑19?
https://www.bankofcanada.ca/2020/09/staff-analytical-note-2020-20/
The official consumer price index (CPI) inflation measure, based on a fixed basket set before the COVID 19 pandemic, may not fully reflect what consumers are currently experiencing. We partnered with Statistics Canada to construct a more representative index for the pandemic with weights based on real-time transaction and survey data.2020-09-11T10:00:15+00:00enWhat do high-frequency expenditure network data reveal about spending and inflation during COVID‑19?2020-09-11The Market for Acquiring Card Payments from Small and Medium-Sized Canadian Merchants
https://www.bankofcanada.ca/2020/06/staff-discussion-paper-2020-5/
This note uses industry data and a unique dataset of small and medium-sized merchants to provide insights into the acquirer-merchant market in Canada.2020-06-05T12:17:01+00:00enThe Market for Acquiring Card Payments from Small and Medium-Sized Canadian Merchants2020-06-05Financial servicesMarket structure and pricingPayment clearing and settlement systemsStaff Discussion Paper 2020-5https://www.bankofcanada.ca/wp-content/uploads/2020/06/sdp2020-5.pdfThe Market for Acquiring Card Payments from Small and Medium-Sized Canadian MerchantsAngelika WelteJozsef MolnarJune 2020CC2DD2EE4E422017 Methods-of-Payment Survey Report
https://www.bankofcanada.ca/2018/12/staff-discussion-paper-2018-17/
Cash use is declining while contactless and mobile payments are on the rise.2018-12-14T08:44:01+00:00en2017 Methods-of-Payment Survey Report2018-12-14Bank notesDigital currencies and fintechFinancial servicesStaff Discussion Paper 2018-17https://www.bankofcanada.ca/wp-content/uploads/2018/12/sdp2018-17.pdf2017 Methods-of-Payment Survey ReportChristopher HenryKim HuynhAngelika WelteDecember 2018DD8D83EE4E41Merchant Acceptance of Cash and Credit Cards at the Point of Sale
https://www.bankofcanada.ca/2018/01/staff-analytical-note-2018-1/
Recent data show that the use of credit cards in Canada has been increasing, while the use of cash has been declining. At the same time, only two-thirds of small or medium-sized businesses accept credit cards.2018-01-05T08:32:57+00:00enMerchant Acceptance of Cash and Credit Cards at the Point of Sale2018-01-05The Bank of Canada 2015 Retailer Survey on the Cost of Payment Methods: Sampling
https://www.bankofcanada.ca/2017/03/technical-report-108/
In 2015, the Bank of Canada undertook the large-scale Retailer Survey on the Cost of Payment Methods.2017-03-31T06:01:21+00:00enThe Bank of Canada 2015 Retailer Survey on the Cost of Payment Methods: Sampling2017-03-31Central bank researchEconometric and statistical methodsTechnical report 108https://www.bankofcanada.ca/wp-content/uploads/2017/03/tr108.pdfThe Bank of Canada 2015 Retailer Survey on the Cost of Payment Methods: SamplingAngelika WelteMarch 2017CC8C81C83The Costs of Point-of-Sale Payments in Canada
https://www.bankofcanada.ca/2017/03/staff-discussion-paper-2017-4/
Using data from our 2014 cost-of-payments survey, we calculate resource costs for cash, debit cards and credit cards. For each payment method, we examine the total cost incurred by consumers, retailers, financial institutions and infrastructures, the Royal Canadian Mint and the Bank of Canada.2017-03-28T12:37:45+00:00enThe Costs of Point-of-Sale Payments in Canada2017-03-28Bank notesDigital currencies and fintechFinancial institutionsPayment clearing and settlement systemsStaff Discussion Paper 2017‐4https://www.bankofcanada.ca/wp-content/uploads/2017/03/sdp2017-4.pdfThe Costs of Point-of-Sale Payments in CanadaAnneke KosseHeng ChenMarie-Hélène FeltValéry Dongmo JiongoKerry NieldAngelika WelteMarch 2017DD1D12D2D23D24EE4E41E42GG2G21LL2