Research Discussion Papers, Bank of Finland
No 20/2014:
Promoting efficient retail payments in Europe
Iftekhar Hasan ()
, Emmi Martikainen ()
and Tuomas Takalo ()
Abstract: In this article we first document the evidence showing how
an efficient retail payment infrastructure enhances economic performance.
We then review the policy tools available to promote efficient retail
payments in Europe. We argue that while SEPA is an important policy
initiative that harmonizes payment methods across the EU, it alone is not
enough. Vigorous competition and consumer protection policies as well as
direct interventions discouraging large value cash payments would be
particularly attractive policy tools as they would put no strain on
stretched government budgets.
Keywords: retail payment; SEPA; competition; consumer protection; economic performance; (follow links to similar papers)
JEL-Codes: G21; G28; (follow links to similar papers)
21 pages, July 28, 2014
Before downloading any of the electronic versions below
you should read our statement on
copyright.
Download GhostScript
for viewing Postscript files and the
Acrobat Reader for viewing and printing pdf files.
Full text versions of the paper:
BoF_DP_1420.pdf 
Download Statistics
- This paper is published as:
-
Hasan, Iftekhar, Emmi Martikainen and Tuomas Takalo, (2014), 'Promoting efficient retail payments in Europe', Journal of Payments Strategy & Systems, Vol. 8, No. 4, pages 395-406
Questions (including download problems) about the papers in this series should be directed to Minna Nyman ()
Report other problems with accessing this service to Sune Karlsson ()
or Helena Lundin ().
Programing by
Design by Joachim Ekebom
