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Efficient retail payments: An untapped source for reviving growth in Europe?

Hasan, If. And Takalo, T., (2014), “Efficient retail payments: An untapped source for reviving growth in Europe?”, 24 Ιανουαρίου.

Efficient retail payments are associated not only with lower direct costs but also with indirect benefits, and ultimately – with enhanced economic growth. This column presents research on different retail payment habits in the Eurozone. A correlation exists between the forms of payment in a country and its recent economic fortune. There are a number of methods to promote more efficient payments. The biggest challenge to increase the efficiency of retail payments in Europe is the heavy regulation and barriers to entry of new payment methods.

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