Country report: The payments industry in the Netherlands: Status and future developments

Piet M. Mallekoote and Gerard Hartsink
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Piet M. Mallekoote: Independent Adviser and Supervisor, The Netherlands
Gerard Hartsink: Chairman, Global Legal Entity Identifier Foundation, Switzerland

Journal of Payments Strategy & Systems, 2021, vol. 15, issue 3, 332-348

Abstract: Transaction fees are not simply a core source of revenue for payment service providers, but also impact significantly on the economy more broadly. This paper examines the situation in the Netherlands, where the banks in this relatively small country have historically cooperated to keep transaction costs low. With a focus on retail payments rather than the settlement of payment transactions or the payments leg of securities transactions, this paper explains the principles underlying this model of cooperation, and explores how cooperation within the payments industry has impacted the sector and country.

Keywords: cooperation model; SEPA schemes; card schemes; e-payments; iDEAL; cash services; digital identity; iDIN; AML; transaction monitoring (search for similar items in EconPapers)
JEL-codes: E5 G2 (search for similar items in EconPapers)
Date: 2021
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Persistent link: https://EconPapers.repec.org/RePEc:aza:jpss00:y:2021:v:15:i:3:p:332-348

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