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The Development of Payment Services as an Example of Disintermediation in the Financial System

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  • Alińska Agnieszka

    (Department of Treasury, Collegium of Socio-Economics, Warsaw School of Economics, Poland)

  • Czepirska Izabela

    (Department of Treasury, Collegium of Socio-Economics, Warsaw School of Economics, Poland)

Abstract

The reasons for disintermediation in the financial systems can be found on both sides of supply and demand. This progressing phenomenon is a result of numerous changes in the post-crisis financial sector landscape. In this article, the authors analyse the underlying causes of the shift away from formal financial institutions in the area of financial services as well as present the Polish payment services market as an example of banks’ receding role in the traditional intermediation between market players.

Suggested Citation

  • Alińska Agnieszka & Czepirska Izabela, 2016. "The Development of Payment Services as an Example of Disintermediation in the Financial System," Financial Internet Quarterly (formerly e-Finanse), Sciendo, vol. 12(2), pages 60-73.
    • Handle: RePEc:vrs:finiqu:v:12:y:2016:i:2:p:60-73:n:1006
    DOI: 10.1515/fiqf-2016-0144
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    References listed on IDEAS

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    4. Peter Szilagyi & Jonathan Batten & Thomas Fetherston, 2003. "Disintermediation and the Development of Bond Markets in Emerging Europe," International Journal of the Economics of Business, Taylor & Francis Journals, vol. 10(1), pages 67-82.
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