CashEssentials will be holding a one-day research seminar entitled ‘Understanding the Costs of Payments’ in Madrid on the 20th of April 2020. The seminar will bring together economists, researchers, academics and payment experts.
Measuring the costs of payments has always been a complex issue, and various studies have reached very different conclusions. At a time when the payment landscape is undergoing radical and potentially disruptive change, we intend to have a debate on this topic with a group of researchers, academics, payments experts and economists.
Some of the key topics we aim to cover include:
- What costs should be measured: social costs, private costs, per-transaction costs?
- Is there an optimal methodology to measure the cost of payments?
- How sensitive are the cost estimates to changing assumptions and methodologies?
- What are the main cost drivers?
- Are costs related to the payments mix?
- Does less cash mean less costs?
- Should cost studies be supplemented by the benefits of cash (cost-benefit-study)?
- How have costs evolved over time?
- How do central bank policies (cash distributions policy, recirculation, delegation, NHTO…) influence the cost of cash?
- How do commercial bank policies (branch network, ATM estates, fee policies…) influence the cost of cash?
- What about merchant acceptance and its influence on costs?
- Is there an optimal cost model?
- The cost of cash has been a benchmark for the pricing of digital payments. What happens in an ecosystem without cash?