Digitization of Retail Payment

46 Pages Posted: 27 Oct 2011

See all articles by Wilko Bolt

Wilko Bolt

De Nederlandsche Bank (Dutch Central Bank); VU University Amsterdam

Sujit Chakravorti


Date Written: December 1, 2010


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.

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

JEL Classification: L11, G21, D53

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

Wilko Bolt (Contact Author)

De Nederlandsche Bank (Dutch Central Bank) ( email )

P.O. Box 98
1000 AB Amsterdam

VU University Amsterdam ( email )

De Boelelaan 1105
Amsterdam, ND North Holland 1081 HV

Sujit Chakravorti

Independent ( email )

No Address Available

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