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DNB: ‘Payments cost less’

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Hand holds a debit card with the iDEAL logo in the background, as a symbol for digital payments and online banking transactions.

The social costs of payments in the Netherlands have fallen sharply, according to research by De Nederlandsche Bank (DNB). Retailers in particular have achieved substantial savings on the cost of electronic payments.

Between 2002 and 2009, the costs incurred by banks, retailers and DNB for debit card and cash transactions fell by 9%, or €237 million. This saving is equivalent to around €50 a year for each Dutch household. A rough estimate for 2012 indicates that the downward trend continued after 2009. These findings are reported in DNB research into the social costs of cash and debit card payments in the Netherlands. Visit the DNB website for more information.(opens in new window)

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