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How US Consumers without Bank Accounts Make Payments

Author

Listed:
  • Claire Greene
  • Oz Shy

Abstract

Using data from the 2021 Survey and Diary of Consumer Payment Choice, this article investigates two questions: What payment instruments do consumers without bank accounts adopt? How do these consumers make payments?

Suggested Citation

  • Claire Greene & Oz Shy, 2023. "How US Consumers without Bank Accounts Make Payments," Policy Hub, Federal Reserve Bank of Atlanta, vol. 2023(1), January.
    • Handle: RePEc:fip:a00068:96727
    DOI: 10.29338/ph2023-1
    as

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    File URL: https://www.atlantafed.org/-/media/documents/research/publications/policy-hub/2023/01/11/01--how-us-consumers-without-bank-accounts-make-payments.pdf
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    File URL: https://libkey.io/10.29338/ph2023-1?utm_source=ideas
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    References listed on IDEAS

    as
    1. Greene, Claire & Cole, Allison, 2017. "Financial Inclusion and Consumer Payment Choice," Journal of Financial Transformation, Capco Institute, vol. 46, pages 219-235.
    2. Greene, Claire & Stavins, Joanna, 2021. "Income and banking access in the USA: The effect on bill payment choice," Journal of Payments Strategy & Systems, Henry Stewart Publications, vol. 15(3), pages 244-249, September.
    Full references (including those not matched with items on IDEAS)

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    More about this item

    Keywords

    Unbanked consumers; payment choice; payment card adoption; payments inclusion;
    All these keywords.

    JEL classification:

    • D63 - Microeconomics - - Welfare Economics - - - Equity, Justice, Inequality, and Other Normative Criteria and Measurement
    • E42 - Macroeconomics and Monetary Economics - - Money and Interest Rates - - - Monetary Sytsems; Standards; Regimes; Government and the Monetary System
    • J15 - Labor and Demographic Economics - - Demographic Economics - - - Economics of Minorities, Races, Indigenous Peoples, and Immigrants; Non-labor Discrimination

    Statistics

    Access and download statistics

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