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Strategic Approaches to Payment Efficiency and Innovation

In: Banking on Innovation

Author

Listed:
  • Tanai Khiaonarong

    (University of Westminster and Bank of Thailand)

  • Jonathan Liebenau

    (London School of Economics and Political Science)

Abstract

We discuss the strategic approaches for promoting payment efficiency and innovations, including the minimalist, competitive and public service approaches. The cases show how strategies are developed under unique environments of advanced and emerging banking systems and compare the involvement of the central bank and the private sector in payment operations by illustrating how ownership, pricing policies, and cost recovery may vary, and how such factors may influence efficiency and innovation in terms of changes in paper-based and electronic payment market shares.

Suggested Citation

  • Tanai Khiaonarong & Jonathan Liebenau, 2009. "Strategic Approaches to Payment Efficiency and Innovation," Contributions to Economics, in: Banking on Innovation, chapter 3, pages 29-53, Springer.
    • Handle: RePEc:spr:conchp:978-3-7908-2333-2_3
    DOI: 10.1007/978-3-7908-2333-2_3
    as

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