The central bank’s role of catalyst of the retail payments market in the context of digitisation: A focus on the Eurozone

Rui Pimentel and Francisco Pais De Sousa
Additional contact information
Rui Pimentel: Head of Unit, Payment Systems Department at Central Bank of Portugal, Portugal

Journal of Digital Banking, 2017, vol. 2, issue 1, 33-42

Abstract: This paper aims at analysing, with five specific contributions, the relationship between digitisation and the central bank’s catalyst role for the retail payments market. First, it documents the phenomenon of digitisation and, second, it explores impacts of digitisation on the retail payments market. Third, it identifies the main regulatory changes that impact this subject. Fourth, it highlights the fact that instant payments are the main response to digitisation from Eurozone central banking and materialise its role of catalyst of the retail payments market. Finally, it draws special attention to two relevant factors of the retail payments market which, in a digital world, are quite challenging for the catalyst role of a central bank: the network and stickiness effects.

Keywords: digitisation; payment systems; mobile; catalyst; central banking (search for similar items in EconPapers)
JEL-codes: E5 G2 (search for similar items in EconPapers)
Date: 2017
References: Add references at CitEc
Citations:

Downloads: (external link)
https://hstalks.com/article/159/download/ (application/pdf)
https://hstalks.com/article/159/ (text/html)
Requires a paid subscription for full access.

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:aza:jdb000:y:2017:v:2:i:1:p:33-42

Access Statistics for this article

More articles in Journal of Digital Banking from Henry Stewart Publications
Bibliographic data for series maintained by Henry Stewart Talks ().