New Innovations in Payments
Chapter in NBER book Innovation Policy and the Economy, Volume 17 (2017), Shane Greenstein, Josh Lerner, and Scott Stern, editors (p. 27 - 48)
We discuss prospects for innovation in consumer payment instruments. We discuss recent research into consumer payments and what can be learned about consumer behavior towards new payment options. We consider three new innovations in payments: mobile payments, faster payments and digital currencies. For each, we describe prospects and impediments to adoption.
Document Object Identifier (DOI): 10.1086/688843This chapter first appeared as NBER working paper w22358, New Innovations in Payments, Marc Rysman, Scott Schuh
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