IDEAS home Printed from https://ideas.repec.org/a/aza/jpss00/y2011v5i1p73-82.html
   My bibliography  Save this article

Card schemes in Europe: Consolidation or proliferation?

Author

Listed:
  • Verbeek, Ernst

Abstract

Although the Single Euro Payments Area (SEPA) will bring about consolidation in the payments industry in Europe in general, this does not apply to the number of payment schemes. There are nearly as many payment card schemes as there are countries in Europe. But it is not a foregone conclusion that these are likely to disappear and be replaced by two or three pan-European schemes. Some card schemes will undoubtedly disappear, but at the same time there are many contenders, both new and existing, with the will and the resources to become meaningful players in the European payments landscape. Their proliferation is being reinforced by a tendency of both the card issuer and the card acquirer sides to broaden the portfolio of brands on offer to cardholders and merchants, respectively. At the same time, card payment schemes will undergo a paradigm shift as non-card payment instruments converge with card payment systems to create hybrid networks.

Suggested Citation

  • Verbeek, Ernst, 2011. "Card schemes in Europe: Consolidation or proliferation?," Journal of Payments Strategy & Systems, Henry Stewart Publications, vol. 5(1), pages 73-82, March.
    • Handle: RePEc:aza:jpss00:y:2011:v:5:i:1:p:73-82
    as

    Download full text from publisher

    File URL: https://hstalks.com/article/2610/download/
    Download Restriction: Requires a paid subscription for full access.
    File URL: https://hstalks.com/article/2610/
    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

    card payment schemes; domestic debit; SEPA; payments innovation; China UnionPay; EAPS; EUFISERV; Monnet; PayFair; American Express; JCB; PayPal;
    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:2011:v:5:i:1:p:73-82. 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.