Regulation as a driver for innovations on the retail payment market

Janina Harasim


The purpose of this paper is to analyse regulations concerning the retail payment market and to assess how they influence the development of innovations. The analysis proved that despite of the growing number of regulations only a  few of them might be considered as a  direct driver for innovation. Recent experience has shown that the majority of them focuses on payments efficiency, which is supported by innovations.
A  part of regulations are proactive eg. support the innovation’s growth, but many of them are introducing
only after certain innovations have been identified, so they can slow down their diffusion. The highest innovation potential is characteristic to the regulations which are visible to the customers and enhance their satisfaction.


payment innovations; regulation; self-regulation; retail payments; payment instruments

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Data publikacji: 2015-07-23 22:18:15
Data złożenia artykułu: 2015-07-20 15:19:49


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