Digital payments or e-payments are a way through which, a payer and payee can made payments electronically. Here, both payer and payee make use of digital modes to perform any sort of transactions. Digitalization of the economy leads to transparency, accuracy, reliability and security for the...

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...