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Digitization of Retail Payment

Wilko Bolt

De Nederlandsche Bank (Dutch Central Bank)

Sujit Chakravorti


December 1, 2010

De Nederlandsche Bank Working Paper No. 270

The rapid proliferation of electronic payment media continues to change the way consumers shop and merchants sell goods and services. Many policymakers and economists agree that the digitization of payments is socially beneficial. However, there is considerable debate regarding the optimal pricing of these payment services. Payment markets are complex with many participants engaging in a series of interrelated bilateral relations and transactions. In this article, we survey the recent payment literature, identify the main economic bottlenecks, and study their implications for public policy.

Number of Pages in PDF File: 46

Keywords: retail financial services, electronic payments, pricing, public policy

JEL Classification: L11, G21, D53

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Date posted: October 27, 2011  

Suggested Citation

Bolt, Wilko and Chakravorti, Sujit, Digitization of Retail Payment (December 1, 2010). De Nederlandsche Bank Working Paper No. 270. Available at SSRN: https://ssrn.com/abstract=1950148 or http://dx.doi.org/10.2139/ssrn.1950148

Contact Information

Wilko Bolt (Contact Author)
De Nederlandsche Bank (Dutch Central Bank) ( email )
P.O. Box 98
1000 AB Amsterdam

Sujit Chakravorti
Independent ( email )
No Address Available
Feedback to SSRN

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