New Entrants

Dominique Rambure and Alec Nacamuli

Chapter 9 in Payment Systems, 2008, pp 130-135 from Palgrave Macmillan

Abstract: Abstract As mentioned in Chapter 1 (sec. 2.1), several non-financial institutions are offering payment services, breaking in to the cosy monopoly the banks enjoyed up until the end of the last century. Each one can present the following threats: Brand disintermediation: will the new entrant substitute itself in the mind of the customer to his/her bank as first choice when thinking of effecting a payment or initiating the transaction? Who defines the customer experience? Loss of revenue, be it fees, float or interest on revolving credit, etc. By-pass: does the non-banking service provider use conventional payment systems and providers, adding value at the periphery, or does it create a totally new scheme? Risk: does the scheme operated by non financial institutions present risk to its customers or create systemic risk?

Keywords: Mobile Phone; Credit Risk; Systemic Risk; Mobile Operator; Bank Account (search for similar items in EconPapers)
Date: 2008
References: Add references at CitEc
Citations:

There are no downloads for this item, see the EconPapers FAQ for hints about obtaining it.

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:pal:pmschp:978-0-230-22721-7_9

Ordering information: This item can be ordered from
http://www.palgrave.com/9780230227217

DOI: 10.1057/9780230227217_9

Access Statistics for this chapter

More chapters in Palgrave Macmillan Studies in Banking and Financial Institutions from Palgrave Macmillan
Bibliographic data for series maintained by Sonal Shukla () and Springer Nature Abstracting and Indexing ().