You can’t get there from here: The role of the installed base in payment system adoption

Gottfried Leibbrandt
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Gottfried Leibbrandt: Author and Adviser, Belgium

Journal of Payments Strategy & Systems, 2010, vol. 4, issue 1, 6-16

Abstract: The use of payment instruments varies across countries. These differences persist even after the arrival of new global payment technologies. Countries often implement these global technologies in different ways. The role of the installed base of prior payment systems is explored as an explanation. Because new payment technologies are subject to strong network effects, compatibility with existing systems greatly increases the attractiveness of new payment technologies.

Keywords: payment instruments; installed base; country differences; technology succession (search for similar items in EconPapers)
JEL-codes: E5 G2 (search for similar items in EconPapers)
Date: 2010
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Persistent link: https://EconPapers.repec.org/RePEc:aza:jpss00:y:2010:v:4:i:1:p:6-16

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