We study the relationship between interchange fees and card transactions in a large panel of countries and assess the impact of the Interchange Fee Regulation, introduced in 2015 in the European Union, on card usage. For our purposes, we take advantage of a newly assembled dataset covering...

Fintech has taken considerable importance for emerging countries. Electronic Money (“Dinero electrónico”) was implemented in Ecuador as a governmental monopoly per the regulatory framework of the country. In the light of other experiences in other developing countries, a more suitable...

There is room to improve the infrastructure for payments made by individuals, firms and government agencies that cross borders, according to a report by the Committee on Payments and Market Infrastructures (CPMI), the global standard setter for payment, clearing and settlement services....