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Cash is dead, long live cash

Author

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  • Erling, Ghita

Abstract

The almost universal proliferation of mobile phones and internet access is having profound implications for society. It has been postulated that one of these implications will be the replacement of physical cash with electronic money and payments, ultimately resulting in a cashless society. This paper first articulates the scope and some of the implications of the mobile and internet revolution. It then seeks to explore the means by which this revolution is replacing cash, using the mobile phone as a means of payment. This review of mobile payments is then balanced by a view of currency-in-circulation and usage statistics for cash, concluding that a cashless society is not imminent and suggesting some reasons why this may be the case.

Suggested Citation

  • Erling, Ghita, 2013. "Cash is dead, long live cash," Journal of Payments Strategy & Systems, Henry Stewart Publications, vol. 7(1), pages 43-49, March.
    • Handle: RePEc:aza:jpss00:y:2013:v:7:i:1:p:43-49
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    Citations

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    Cited by:

    1. Richard Wright & Erdal Tekin & Volkan Topalli & Chandler McClellan & Timothy Dickinson & Richard Rosenfeld, 2017. "Less Cash, Less Crime: Evidence from the Electronic Benefit Transfer Program," Journal of Law and Economics, University of Chicago Press, vol. 60(2), pages 361-383.
    2. Erdal Tekin & Volkan Topalli & Chandler McClellan & Richard Wright, 2014. "Liquidating Crime with Illiquidity: How Switching from Cash to Credit Can Stop Street Crime," ifo DICE Report, ifo Institute - Leibniz Institute for Economic Research at the University of Munich, vol. 12(03), pages 45-50, October.
    3. repec:ces:ifodic:v:12:y:2014:i:3:p:19126473 is not listed on IDEAS
    4. repec:ces:ifodic:v:12:y:2014:i:2:p:19126473 is not listed on IDEAS
    5. Erdal Tekin & Volkan Topalli & Chandler McClellan & Richard Wright, 2014. "Liquidating Crime with Illiquidity: How Switching from Cash to Credit Can Stop Street Crime," ifo DICE Report, ifo Institute - Leibniz Institute for Economic Research at the University of Munich, vol. 12(2), pages 45-50, October.

    More about this item

    Keywords

    cash; eMoney; mobile phone; mobile money;
    All these keywords.

    JEL classification:

    • G2 - Financial Economics - - Financial Institutions and Services
    • E5 - Macroeconomics and Monetary Economics - - Monetary Policy, Central Banking, and the Supply of Money and Credit

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