diff --git a/installer/data/mysql/atomicupdate/bug_24338.perl b/installer/data/mysql/atomicupdate/bug_24338.perl
new file mode 100644
index 0000000000..bf154169ae
--- /dev/null
+++ b/installer/data/mysql/atomicupdate/bug_24338.perl
@@ -0,0 +1,12 @@
+$DBversion = 'XXX'; # will be replaced by the RM
+if( CheckVersion( $DBversion ) ) {
+    $dbh->do(qq{
+        INSERT INTO
+          authorised_values (category,authorised_value,lib, lib_opac)
+        VALUES
+          ('PAYMENT_TYPE','CASH','Cash','Cash')
+    });
+
+    SetVersion( $DBversion );
+    print "Upgrade to $DBversion done (Bug 24338 - Add 'CASH' to default 'PAYMENT_TYPE')\n";
+}
diff --git a/installer/data/mysql/en/mandatory/auth_values.sql b/installer/data/mysql/en/mandatory/auth_values.sql
index 26328ef6c1..01c9df95bb 100644
--- a/installer/data/mysql/en/mandatory/auth_values.sql
+++ b/installer/data/mysql/en/mandatory/auth_values.sql
@@ -1,3 +1,4 @@
 INSERT INTO authorised_values (category,authorised_value,lib,lib_opac) VALUES ('YES_NO','0','No','No');
 INSERT INTO authorised_values (category,authorised_value,lib,lib_opac) VALUES ('YES_NO','1','Yes','Yes');
+INSERT INTO authorised_values (category,authorised_value,lib,lib_opac) VALUES ('PAYMENT_TYPE','CASH','Cash','Cash');
 INSERT INTO authorised_values (category, authorised_value, lib) VALUES ('HSBND_FREQ','EW','Every week');