Small businesses are significant to any economy from the perspective of employment and
contribution to the national gross domestic product. Despite their significance, small …

Purpose There is always a need to discover how a paradox between a customer's desire for
a more personalized experience and their privacy and security concerns would shape their …

The financial sector has undergone a significant transformation with the advent of financial
technology (FinTech), which has put pressure on the business models of incumbents and …

We analyze the effect of a major central bank digital currency (CBDC)–the digital euro–on
the payment industry to find remarkably heterogeneous effects. Stock prices of US payment …

ABSTRACT “Buy Now, Pay Later”(BNPL) is a key innovation in consumer payments. It
bundles the sale of a product with a subsidized loan, effectively offering lower prices to low …

The present paper analyzes the net cash issues of the Banque de France. It is divided in two
parts. The first estimates cash demand functions for different denominational groups (small …

Abstract The revised Payment Services Directive (PSD2) mandated every bank in the
European Union (EU) to provide application programming interfaces (APIs) that allow every …

We provide a method to identify and classify payment firms and assess the effect of two
innovations–cryptocurrencies and central bank digital currencies (CBDCs)–on the payment …

As technologies advance, contactless and cashless payment becomes more popular in the
world. Concurrently, the Research and Development in NFC payment rise progressively …

Households play an important role in the economy. Households are the most important
decision-making agents that drive consumption and savings in the economy. The savings …