Electronic Banking has made tremendous improvement on the payment function of the Nigerian Financial system on the one hand and on the intermediation function on the other. While the two functions are complementary in delivering efficient banking services, electronic banking has also aided a...

The market for payment cards is inherently two sided. Consumers benefit from increased merchant acceptance of payment cards and vice versa. To quantify the interdependence of consumer and merchants or network externalities, we construct and estimate a structural two-sided model of a payment...