The creation of the European single economic market led to an unprecedented increase in economic activity between firms and individuals across the European Economic Area (EEA). This necessitated the development of a payment services and processing infrastructure to match the increasing activity...

The European payment market has undergone rapid transformation in recent years due to changes in payment habits, new business rules and new legal frameworks and regulation. There has also been an advent of new technologies and payment solutions which has altered the European payments landscape...

This paper examines the fundamental relationship between retail payments and overall economic growth. Using data from across 27 European markets over the period 1995–2009, the results confirm that migration to efficient electronic retail payments stimulates overall economic growth, consumption...