2009 Retail payments: integration and innovation

Retail payments: integration and innovation. A joint conference by the European Central Bank and De Nederlandsche Bank. Frankfurt am Main, 25 - 26 May 2009

The European retail payment market is in the middle of a transition phase. The creation of the Single Euro Payments Area (SEPA) represents an important step in the completion of Europe’s monetary union. SEPA will have a decisive influence on Europe’s future payments landscape as it accelerates the development of the continent’s retail payments market into increasingly integrated and consolidated market structures. The increasing speed of technological developments will require SEPA participants to be flexible in their business activities and to be open to new ideas.

Given these fundamental changes, it is important to understand the economics driving future developments and to take a forward-looking perspective anticipating the factors that are likely to affect payment developments.

The four major themes covered by the conference are:

  • Theme 1: Relevance of retail banking and payments for banks’ profitability
  • Theme 2: Integration, competition and regulation of the retail payments market
  • Theme 3: Payment habits and adoption of payment innovations
  • Theme 4: The future of the retail banking and payments market

Further information about the conference program, papers and presentations can be found at the ECB.