Resources
See latest resources ยป
Proton profits from euro notes and coins

Proton profits from euro notes and coins

Source:

The National Bank of Belgium presents an analysis of the impact of euro banknotes and coins on the use of the Proton electronic purse.

The paper - authored by K Roefs - examines the influence of the introduction of the single European currency on the use of Proton.

Before the arrival of the new currency (June 2000 - November 2001), the use of Proton had been growing slowly, but steadily. During the introduction phase (December 2001 - February 2002), growth rates surged, but slowly went into decline from March 2002 to July 2002. From this moment on, the use of Proton more or less stagnated, but at a level of use significantly higher than before the currency switchover.

The overall conclusion is that conversion to the new currency acted as a stimulus to Proton growth, both in terms of card numbers and intensity of use.

Download the document now 25Kb - PDF

Comments: (0)

Research resources
See all Research resources »
Payments Modernisation: Interoperability fuels the transformation of Cross-Border Payments
/research

Payments Modernisation: Interoperability fuels the transformation of Cross-Border Payments

Correspondent banking as we view and use it today is the result of a slow and natural evolution.

On-Demand Webinar - The Art and Science of Customer Relationships
/research

On-Demand Webinar - The Art and Science of Customer Relationships

Accurately quantifying customer experience can seem an immensely nebulous task. While the benefits of improving this are evident, there is no clear method of measuring it.

Central Bank Digital Currency and Monetary Policy
/research

Central Bank Digital Currency and Monetary Policy

A Bank of Canada investigation into the benefits and costs of issuing a central bank digital currency for monetary policy.