IDEAS home Printed from https://ideas.repec.org/a/aza/jpss00/y2008v2i4p370-383.html
   My bibliography  Save this article

The impact of SEPA on domestic markets and the future for emerging pan-European infrastructures

Author

Listed:
  • Schuck, Manfred
  • Syrbe, Benjamin

Abstract

With the start of the single euro payments area (SEPA) with the SEPA Credit Transfer (SCT) recently, the currently ongoing process of transposition of the Payments Services Directive (PSD) into national law and the SEPA Direct Debit (SDD) shortly being introduced in all 31 participating countries, many questions regarding the future of the European payments landscape seem still to be unanswered. Without a doubt, SEPA will have a tremendous impact on all national payment markets; yet, nobody can for sure predict today which effects the markets will see precisely. Both large pillars of the electronic payment business — giro payments (consisting of clearing and settlement as well as back-office processing) and card payments (consisting of acquiring and issuing activities) — will experience different developments in the years to come. Moreover, with the current national fragmentation and the differing stages of maturity that each national market has reached, every national market will undertake its own journey with its own timeline towards the migration to a truly single European payments market. A closer look on the current status and possible scenarios for ten European countries — including the five largest — that represent each region, market size and maturity stage might help to bring more clarity on the impact of SEPA.

Suggested Citation

  • Schuck, Manfred & Syrbe, Benjamin, 2008. "The impact of SEPA on domestic markets and the future for emerging pan-European infrastructures," Journal of Payments Strategy & Systems, Henry Stewart Publications, vol. 2(4), pages 370-383, July.
    • Handle: RePEc:aza:jpss00:y:2008:v:2:i:4:p:370-383
    as

    Download full text from publisher

    File URL: https://hstalks.com/article/2189/download/
    Download Restriction: Requires a paid subscription for full access.
    File URL: https://hstalks.com/article/2189/
    Download Restriction: Requires a paid subscription for full access.
    ---><---

    As the access to this document is restricted, you may want to search for a different version of it.

    More about this item

    Keywords

    payment processing; cards; back-office processing; single euro payments area (SEPA); domestic markets; pan-European infrastructures;
    All these keywords.

    JEL classification:

    • G2 - Financial Economics - - Financial Institutions and Services
    • E5 - Macroeconomics and Monetary Economics - - Monetary Policy, Central Banking, and the Supply of Money and Credit

    Statistics

    Access and download statistics

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:aza:jpss00:y:2008:v:2:i:4:p:370-383. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    We have no bibliographic references for this item. You can help adding them by using this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Henry Stewart Talks (email available below). General contact details of provider: .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.