IDEAS home Printed from
MyIDEAS: Log in (now much improved!) to save this article

Card Payments in Poland: Determinants and Prospects

Listed author(s):
  • Łukasz Goczek
  • Bartosz Witkowski

The paper examines Poland’s card payment market. It analyzes the determinants of card transactions and makes projections for the development of this market from 2015 to 2017. Studies point to a strong relationship between the development of cashless transactions and the rate of economic growth recorded by countries, the authors say. The article seeks to identify the key factors driving the card payment market, such as the number and value of card transactions, the number of cards held by individuals, and the number of electronic-funds-transfer-at-point-of-sale (EFTPOS) terminals. The authors build models based on panel data from European Union countries from 2000-2012. They use Blundell and Bond’s system-GMM estimator to treat the results in terms of causality rather than coexistence of the obtained effects. The role of trust in society and GDP growth are found to be important determinants of the development of the cashless transactions market. The authors’ projections suggest that Poland’s cashless transactions market will develop rapidly in the years ahead even if economic growth is slower than projected.

If you experience problems downloading a file, check if you have the proper application to view it first. In case of further problems read the IDEAS help page. Note that these files are not on the IDEAS site. Please be patient as the files may be large.

File URL:
File Function: Full text
Download Restriction: no

Article provided by Warsaw School of Economics in its journal Gospodarka Narodowa.

Volume (Year): (2015)
Issue (Month): 3 ()
Pages: 159-177

in new window

Handle: RePEc:sgh:gosnar:y:2015:i:3:p:159-177
Contact details of provider: Postal:
Al. Niepodleglosci 162, 02-554 Warszawa

Phone: + (48)(22) 49 12 51
Fax: + (48)(22) 49 53 12
Web page:

More information through EDIRC

No references listed on IDEAS
You can help add them by filling out this form.

This item is not listed on Wikipedia, on a reading list or among the top items on IDEAS.

When requesting a correction, please mention this item's handle: RePEc:sgh:gosnar:y:2015:i:3:p:159-177. See general information about how to correct material in RePEc.

For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: (Dariusz Nojszewski)

If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

If references are entirely missing, you can add them using this form.

If the full references list an item that is present in RePEc, but the system did not link to it, you can help with this form.

If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your profile, as there may be some citations waiting for confirmation.

Please note that corrections may take a couple of weeks to filter through the various RePEc services.

This information is provided to you by IDEAS at the Research Division of the Federal Reserve Bank of St. Louis using RePEc data.