This paper examines the fundamental relationship between retail payments and the real economy. Using data from across … 27 European markets over the period 1995-2009, the results confirm that migration to efficient electronic retail payments … card payments, followed by credit transfers. Cheque payments are found to have a relatively low macroeconomic impact …

economics of payments …

The goal of SEPA (Single Euro Payments Area) is to facilitate the emergence of a competitive, intra-European market by … making cross-border payments as easy as domestic transactions. With crossborder inter-operability for electronic payments …, card transactions will increasingly replace cash and checks for all types of payments. Using different methods, the authors …