Abstract
The paper seeks to focus attention on the power relationships between retailers and their suppliers of financial services. Using international examples, it draws attention to the different ways in which retailers are seeking to enhance their position in the payment systems supply chain. The economics of this supply chain are explained and the rationale behind the acceptance of payment by plastic card is developed. Hypotheses are advanced, for each of the international examples, as to how their aspirations might affect the payment system supply chain, and the conclusion is offered that the balance of power is shifting from the traditional payment system providers to the payment system users: the retailers.
Sign-in/Register to access full text options 
Talk to us
Join us for a 30 min session where you can share your feedback and ask us any queries you have
Schedule a callDisclaimer: All third-party content on this website/platform is and will remain the property of their respective owners and is provided on "as is" basis without any warranties, express or implied. Use of third-party content does not indicate any affiliation, sponsorship with or endorsement by them. Any references to third-party content is to identify the corresponding services and shall be considered fair use under The CopyrightLaw.
