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Development Trends in the Global Payment Card Market

Author

Listed:
  • Georgy V. KHETAGUROV

    (North Caucasian Institute of Mining and Metallurgy (State Technological University))

Abstract

The paper examines market structure and performance of international and domestic payment systems in the context of consumer and geographic segments, and identifies their key strategic growth areas. The research explores the role of state regulators in the payment card industry development and gives a forecast for its basic parameters for the future years. The author pays special attention to the quantitative analysis of the global payment card market’s payment infrastructure. The article quantifies, by means of correlation and regression analysis, influence of self-service terminal network development on the volumes of bank card payments in different regions of the world. The author suggests using the proposed regression model to predict various parameters of the payment card market.

Suggested Citation

  • Georgy V. KHETAGUROV, 2018. "Development Trends in the Global Payment Card Market," Journal of New Economy, Ural State University of Economics, vol. 19(1), pages 16-25, February.
    • Handle: RePEc:url:izvest:v:19:y:2018:i:1:p:16-25
    DOI: 10.29141/2073-1019-2018-19-1-2
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    References listed on IDEAS

    as
    1. Salmanov, Oleg, 2003. "Математическая экономика с применением Mathcad и Excel [Mathematical economics using Mathcad and Excel]," MPRA Paper 112603, University Library of Munich, Germany, revised 07 Jul 2003.
    2. Mark Armstrong Author-Email: mark.armstrong@ucl.ac.uk Author-Workplace-Name: University College of London, 2006. "Competition in Two-Sided Markets," RAND Journal of Economics, The RAND Corporation, vol. 37(3), pages 668-691, Autumn.
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    More about this item

    Keywords

    payment infrastructure; non-cash payment industry; payment cards; correlation analysis; regression analysis; correlation coefficients.;
    All these keywords.

    JEL classification:

    • G15 - Financial Economics - - General Financial Markets - - - International Financial Markets

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