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Payment Habits of Rural Population in Poland: Barriers and Challenges for the Financial Services System (Zwyczaje platnicze ludnosci wiejskiej w Polsce – bariery i wyzwania dla systemu uslug finansowych)

Author

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  • Michal Soliwoda

    (Instytut Ekonomiki Rolnictwa i Gospodarki Zywnosciowej – Panstwowy Instytut Badawczy, Zaklad Finansow Rolnictwa)

Abstract

Socio-demographic features differentiated significantly habits of users of financial services, thus allowing a partial segmentation. The aim of the study is to diagnose and identify barriers and challenges facing the system of financial services in Poland – in the context of the prevalence of non-cash payment services among the rural population. We put emphasis on the presentation of potential models for the development of cashless payments in the country. Consumers of financial services in rural areas are accustomed to the “traditional” methods of cash withdrawals. It is less popular to take cash from an ATM. The proportion of population using cards is lower than in urban areas. The quantity and value structure of payments in various outlets confirms the existence of the conservative attitude of devotion to cash equated with transaction security. Depending on the domination of regulation or institutional activity, distinguishing “regulatory model” and “institutional model” was deemed appropriate.

Suggested Citation

  • Michal Soliwoda, 2015. "Payment Habits of Rural Population in Poland: Barriers and Challenges for the Financial Services System (Zwyczaje platnicze ludnosci wiejskiej w Polsce – bariery i wyzwania dla systemu uslug finansowy," Problemy Zarzadzania, University of Warsaw, Faculty of Management, vol. 13(54), pages 85-101.
    • Handle: RePEc:sgm:pzwzuw:v:13:i:54:y:2015:p:85-101
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    References listed on IDEAS

    as
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    2. Hasan, Iftekhar & Martikainen, Emmi & Takalo, Tuomas, 2014. "Promoting efficient retail payments in Europe," Research Discussion Papers 20/2014, Bank of Finland.
    3. repec:fpr:2020br:18(1 is not listed on IDEAS
    4. Kloeppinger-Todd, Renate & Sharma, Manohar, 2010. "Innovations in rural and agriculture finance," 2020 vision focus 18, International Food Policy Research Institute (IFPRI).
    5. repec:zbw:bofrdp:2014_020 is not listed on IDEAS
    Full references (including those not matched with items on IDEAS)

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    More about this item

    Keywords

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    JEL classification:

    • D14 - Microeconomics - - Household Behavior - - - Household Saving; Personal Finance
    • Q14 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - Agriculture - - - Agricultural Finance
    • R51 - Urban, Rural, Regional, Real Estate, and Transportation Economics - - Regional Government Analysis - - - Finance in Urban and Rural Economies

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