Transcription of ANALYSIS The Impact of Electronic Payments on Economic …
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ANALYSIS The Impact of Electronic Payments on Economic …
The Impact of Electronic Payments on Economic GrowthIntroduction Greater worldwide card use raises a number of questions. Foremost, do Electronic Payments bring macroeconomic benefits? Moody s Analytics attempted to answer this question by analyzing macroeconomic data for 70 countries/regions between 2011 and 2015. By calculating the Impact of card usage on per capita consumption, Moody s Analytics was able to extrapolate the effect that the increase in spending on goods and services had on consumption and thereby GDP.
card use. Part VI poses a hypothetical ques-tion to calculate the elasticity of electronic payments usage on consumption. Part VII outlines the evolution of the methodology between this and previous versions of this study. Part VIII concludes that there are significant economic gains to increased elec - tronic payments penetration and thus there
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