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A Peer-reviewed scientific articles/A1 Journal article (refereed), original research
      
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Assessing the development of the European retail payments market from a historical perspective received, Journal of Payments Strategy & Systems 4 (Winter 2020) (2020). Kemppainen, Kari


Category A Peer-reviewed scientific articles
Sub-category A1 Journal article (refereed), original research
auki Internal authors
Kemppainen Kari / Oversight of Market Infrastructure
All authors as text Kemppainen, Kari 
Number of authors
Status Published
Year of publication 2020 
Date 15.01.2020 
Name of article Assessing the development of the European retail payments market from a historical perspective received 
Name of journal Journal of Payments Strategy & Systems
Volume of issue 13 
Number of issue 4 (Winter 2020) 
Pages 352-356 
Abstract Changing consumer expectations are shaping the retail payments market at the global level. Within the European Union, the renewed regulatory framework, the revised Payment Services Directive, gives a further boost by fostering innovation and com-petition in the European retail payments market. In this evolving payment landscape, assessing the current state and forecasting potential development paths may benefit from a look at the past.This paper reviews past developments, discusses potential regulatory implications, and outlines a vision of future developments in the European retail payments market. It concludes that an evolutionary path is more likely than a revolutionary one. Regarding the future regulatory framework for retail payments, it proposes that the movement from entity-based towards more activity-based regulation should be continued.
Free text descriptor in Finnish digitalisaatio; vähittäismaksut; maksut; sääntely; Eurooppa; 
Free text descriptor in English Digitalisation, Europe, Network economics, Regulation, Retail payments 
ISSN / e-ISSN 1750-1806 
auki Internet addresses
Open Access Not open


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