362 - Retail Payment Systems: Competition, Innovation, and Implications

DNB Working Papers
Date 20 December 2012
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.
Key Words: Payments, pricing, competition, innovation.
JEL Classification Code: L11, G21, C21.