The impact of SEPA in credit transfer payments: Evidence from the euro area

Vânia G. Silva, Esmeralda A. Ramalho and Carlos Vieira

Research in International Business and Finance, 2016, vol. 38, issue C, 404-416

Abstract: This paper analyses the effect of the implementation process of the Single Euro Payments Area (SEPA) project on credit transfer payments in euro area countries during the period between 2008 and 2013. Using both univariate and multivariate fractional regression models, we found that, when controlling for socio-demographic, economic, technological and institutional factors, the progress in the migration to SEPA formats had a relevant positive impact on the share of payments made with credit transfers. Our results provide for the first time empirical evidence of the direct effect of the implementation of SEPA on payment habits and set the basis for the discussion of some of the possible implications of payments digitalization from both economical and societal perspectives.

Keywords: European union; Retail payments; Credit transfers; SEPA; Fractional regression models (search for similar items in EconPapers)
JEL-codes: C25 C35 F36 G21 (search for similar items in EconPapers)
Date: 2016
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Citations: View citations in EconPapers (2)

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Persistent link: https://EconPapers.repec.org/RePEc:eee:riibaf:v:38:y:2016:i:c:p:404-416

DOI: 10.1016/j.ribaf.2016.04.013

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