A Model of Digital Payment Infrastructure Formation and Development Under an Emerging SEPA Regime

OPEN ARCHIVE

Union Jack
Dannebrog

A Model of Digital Payment Infrastructure Formation and Development Under an Emerging SEPA Regime

Vis flere oplysninger

Titel: A Model of Digital Payment Infrastructure Formation and Development Under an Emerging SEPA Regime
The EU Regulator´s Perspective
Forfatter: Staykova, Kalina; Damsgaard, Jan
Resume: The Single Euro Payments Area (SEPA) is probably the most ambitious self-regulatory project aimed at creating a single integrated European digital payments market since the introduction of the Euro. SEPA aims to make EU more innovative and competitive. When considering the SEPA initiative and combining it with the disruptive and innovative nature the mobile phone permeates, the result is a market that is rapidly transforming from well-established into a state of flux. We build a model to understand and explain this transformation of the digital payment infrastructure. The model captures the formation and development of digital payment infrastructure with a particular emphasis on the regulator´s perspective. It consists of four stages characterized by slow incremental change following by short rapid bursts of discontinuity. Each stage is portrayed by its evolutionary dynamics, the nature of the payment platform, the legal implications, the regulatory asymmetry, the level of competition, and what drives the discontinuity.
URI: http://hdl.handle.net/10398/8834
Dato: 2013-12-13

Creative Commons License This work is licensed under a Creative Commons License.

Filer Størrelse Format Vis
Staykova_Damsgaard.pdf 1.699Mb PDF Vis/Åbn Working paper

Dette dokument findes i følgende samling(er)

Vis flere oplysninger