Introduction

Tanai Khiaonarong () and Jonathan Liebenau ()
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Tanai Khiaonarong: University of Westminster and Bank of Thailand
Jonathan Liebenau: London School of Economics and Political Science

Chapter 1 in Banking on Innovation, 2009, pp 1-5 from Springer

Abstract: Abstract Modern payment systems have transformed both the technology of banking and made possible numerous changes in the strategy and structure of financial services organisations, including central banks. By applying innovation theory to this study of payment systems, we can show how such a broad change, replete with intricacies, could be conceptualised, designed, implemented and disseminated. In this book, we examine the relevant theories of innovation and provide a review of the strategic approaches to establishing efficient payment systems. We set up the story of the diffusion of payment innovations, the building of capabilities in banking, and consider future challenges.

Keywords: Central Bank; Payment System; Electronic Payment; Payment Instrument; Retail Payment (search for similar items in EconPapers)
Date: 2009
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DOI: 10.1007/978-3-7908-2333-2_1

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