Please use this identifier to cite or link to this item: https://hdl.handle.net/10419/212295 
Year of Publication: 
2014
Series/Report no.: 
Bank of Finland Research Discussion Papers No. 20/2014
Publisher: 
Bank of Finland, Helsinki
Abstract: 
In this article we first document the evidence showing how an efficient retail payment infrastructure enhances economic performance. We then review the policy tools available to promote efficient retail payments in Europe. We argue that while SEPA is an important policy initiative that harmonizes payment methods across the EU, it alone is not enough. Vigorous competition and consumer protection policies as well as direct interventions discouraging large value cash payments would be particularly attractive policy tools as they would put no strain on stretched government budgets.
Subjects: 
Retail payment
SEPA
competition
consumer protection
economic performance
JEL: 
G21
G28
Persistent Identifier of the first edition: 
ISBN: 
978-952-6699-93-6
Document Type: 
Working Paper

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