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HEC-Ecole de gestion de l'ULg
HEC-Ecole de gestion de l'ULg
MASTER THESIS
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The abolition of cash : is there a perfect substitute for cash at the point-of-sale

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Westenbohm, Guillaume ULg
Promotor(s) : Artige, Lionel ULg
Date of defense : 11-Jan-2017/18-Jan-2017 • Permalink : http://hdl.handle.net/2268.2/2285
Details
Title : The abolition of cash : is there a perfect substitute for cash at the point-of-sale
Translated title : [fr] L'abolition de l'argent liquide: Existe-t-il un substitut parfait à l'argent liquide au point de vente?
Author : Westenbohm, Guillaume ULg
Date of defense  : 11-Jan-2017/18-Jan-2017
Advisor(s) : Artige, Lionel ULg
Committee's member(s) : Reginster, Alexandre ULg
Lambert, Marie ULg
Language : English
Number of pages : 60
Keywords : [en] cash
[en] payment cards
[en] proximity mobile payments
[en] social costs
[en] universality
[en] anonymity
[en] payment finality
[en] social dimension
Discipline(s) : Business & economic sciences > Finance
Institution(s) : Université de Liège, Liège, Belgique
Degree: Master en sciences de gestion, à finalité spécialisée en Banking and Asset Management
Faculty: Master thesis of the HEC-Ecole de gestion de l'ULg

Abstract

[en] At a time where the cost of cash is openly discussed and where mobile payments are on the rise, the calls to finally replace cash by other payment instruments have increased. The objective of this thesis is thus to examine whether there are retail payment instruments that could possibly replace cash in the near future. The research question this thesis answers is the following: “Is there a perfect substitute for cash at the point-of-sale?”

To answer the research question, the different retail payment instruments (i.e. cash, payment cards, and mobile payments) treated in this thesis are being compared based on several characteristics as well as their total costs to society. Moreover, the influence the different payment instruments exert on the use of each other are analyzed.

The findings of this thesis indicate that cash is not going to disappear. Payment cards and mobile payment solutions are no perfect substitutes for cash. The technologies behind these electronic payment instruments have not been able to imitate the advantageous characteristics of cash, i.e. the universality, anonymity, and payment finality of cash.


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Author

  • Westenbohm, Guillaume ULg Université de Liège > Master sc. gest., fin. spéc. banking & asset (ex 2e master)

Promotor(s)

Committee's member(s)

  • Reginster, Alexandre ULg Université de Liège - ULg > HEC-Ecole de gestion de l'ULg : UER > Macroéconomie
    ORBi View his publications on ORBi
  • Lambert, Marie ULg Université de Liège - ULg > HEC-Ecole de gestion de l'ULg : UER > Analyse financière et finance d'entreprise
    ORBi View his publications on ORBi
  • Total number of views 50
  • Total number of downloads 11










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