Strategic Approaches to Payment Efficiency and Innovation

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 3 in Banking on Innovation, 2009, pp 29-53 from Springer

Abstract: Abstract We discuss the strategic approaches for promoting payment efficiency and innovations, including the minimalist, competitive and public service approaches. The cases show how strategies are developed under unique environments of advanced and emerging banking systems and compare the involvement of the central bank and the private sector in payment operations by illustrating how ownership, pricing policies, and cost recovery may vary, and how such factors may influence efficiency and innovation in terms of changes in paper-based and electronic payment market shares.

Keywords: Central Bank; Commercial Bank; Payment System; Settlement System; Payment Service (search for similar items in EconPapers)
Date: 2009
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Persistent link: https://EconPapers.repec.org/RePEc:spr:conchp:978-3-7908-2333-2_3

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DOI: 10.1007/978-3-7908-2333-2_3

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