Beata ?wiecka|Pawe? Terefenko|Tomasz Wi?niewski|Jing Jian Xiao
Consumer Financial Knowledge and Cashless Payment Behavior for Sustainable Development in Poland
University of Szczecin|University of Szczecin|University of Szczecin|University of Rhode Island
financial knowledge main element financial literacy important sustainable development individuals society sustainability complex concept spans many fields including financial knowledge ages financial knowledge requires significant scientific research showing impact individuals economy including noncash payments consumer payment knowledge association consumer financial behavior long matter widespread interest researchers indepth empirically based scientific research completed poland objective study examine factors associated cashless payment behavior emphasis role consumer financial knowledge total 1100 interviews carried polish nationals aged 15 collected data analyzed use statistical methods including analysis variances anova order examine consumers financial knowledge basic economic noneconomic factors additionally datamining method known random forests implemented finding variable importance correlations consumer financial knowledge preferred methods payment results revealed diversity factors influencing consumer behavior among consumers personal traits financial knowledge one important determinants payment choices results implications design payment processes results used central banks determine directions financial inclusion well stakeholders payments market