Norges Bank

Staff Memo

Costs in the Norwegian payment system 2007 – a brief overview of the surveys and results

by Olaf Gresvik and Harald Haare
Staff Memo

The analysis covers social costs associated with payment cards, giros and cash. The bulk of retail payments in Norway are settled by means of these instruments. The social costs of using and producing these payment services are estimated to be NOK 10.97 billion in 2007, equivalent to 0.48 % of GDP1. The costs estimated cover activities by banks, subcontractors, the central bank, households and merchants (point of sale).

Staff Memos present reports and documentation written by staff members and affiliates of Norges Bank, the central bank of Norway. Views and conclusions expressed in Staff Memos should not be taken to represent the views of Norges Bank.

ISSN 1504-2596 (online)

Published 14 November 2008 09:00
Published 14 November 2008 09:00