Central Banking

Netherlands Bank paper discusses pricing policies in payments markets

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Public authorities should focus on removing barriers to entry in payment markets without stifling private sector investment in more efficient payment technologies, according to a Netherlands Bank paper published on December 29.

Wilko Bolt and Sujit Chakravorti, the paper's authors, examine whether intervention by public authorities in the retail payment market can improve economic efficiency when setting payment fees. The authors note that the provision of retail payment services is complex

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