Retail Payment Systems: Competition, Innovation, and Implications
De Nederlandsche Bank (Dutch Central Bank)
December 20, 2012
De Nederlandsche Bank Working Paper No. 362
Efficient payment services underpin the smooth operation of the economy. Competition and innovation are key drivers for payment market efficiency in both the short and long run. This paper gives an overview and tries to assess the key determinants that affect pricing, competition and the incentives to innovate in the payment market. While the payment landscape is changing rapidly, it is not yet clear what business model will survive.
Number of Pages in PDF File: 27
Keywords: Payments, pricing, competition, innovation
JEL Classification: L11, G21, C21
Date posted: December 22, 2012
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