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4 avril 2022
- handle: 10670/1.7y02rt
- hal: hal-03629513
info:eu-repo/semantics/OpenAccess
Mots-clés
Mobile Payments Interoperability Financial Inclusion Competition Policy. L - Industrial Organization/L.L5 - Regulation and Industrial Policy/L.L5.L51 - Economics of Regulation L - Industrial Organization/L.L9 - Industry Studies: Transportation and Utilities/L.L9.L96 - Telecommunications G - Financial Economics/G.G2 - Financial Institutions and Services/G.G2.G23 - Non-bank Financial Institutions • Financial Instruments • Institutional Investors G - Financial Economics/G.G2 - Financial Institutions and Services/G.G2.G28 - Government Policy and Regulation O - Economic Development, Innovation, Technological Change, and Growth/O.O1 - Economic Development/O.O1.O16 - Financial Markets • Saving and Capital Investment • Corporate Finance and GovernanceSujets proches
World literature Western literature (Western countries) Belles-lettresCiter ce document
Milo Bianchi et al., « Mobile Payments and Interoperability: Insights from the Academic Literature », HAL-SHS : économie et finance, ID : 10670/1.7y02rt
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Résumé
We connect various streams of academic literature to shed light on how the degree of interoperability in mobile payments affects market outcomes and welfare. We organize our discussion around four dimensions of interoperability. First, we consider mobile network interoperability (whether clients of one telecom can access another telecom’s payment services) in connection with the IO literature on tying. Second, we discuss platform level interoperability (the ability to send money offnetwork) in light of the literature on compatibility. We also build on the behavioral IO literature to suggest how the effects of interoperability may be very heterogeneous across various types of firms and consumers, or even backfire. Third, we consider interoperability in the cash-in-cash-out agent network, in light of the literature on co-investment in network industries, and of more specific studies on ATMs’ interoperability. Fourth, we discuss how the literature in banking and on data ownership can be used to understand interoperability of data. We conclude with some broader remarks on policy implications and on possible directions for future research.