11 December 2017
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Proton profits from euro notes and coins

22 April 2004  |  680 views  |  0 smartcard

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

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