A Model of Digital Payment Infrastructure Formation and Development: The EU Regulator's Perspective

Kalina Staykova, Jan Damsgaard

    Research output: Chapter in Book/Report/Conference proceedingArticle in proceedingsResearchpeer-review


    The payment field is being rapidly transformed. New players have emerged and are threatening the well-established positions of the incumbents. This process is driven by technology change and market forces, and it is shaped by the increasing role of the regulator. When considering the change in the regulatory environment and combining it with the disruptive and innovative nature of the mobile phone, the result is a market that is rapidly transforming from well-established structure into a state of flux. We build a model to understand and explain this transformation of the digital payment infrastructure. The model captures the formation and development of the digital payment infrastructure with a particular emphasis on the regulator´s and innovator’s perspective. It consists of four stages characterized by slow incremental change which are followed by short and rapid bursts of discontinuity. Each stage is portrayed by its evolutionary dynamics, the nature of the payment platform, the legal implications, the level of competition, and what drives the discontinuity.
    Original languageEnglish
    Title of host publicationProceedings: 13th International Conference on Mobile Business, ICMB 2014
    EditorsCarsten Sørensen, Youngjin Yoo
    Number of pages12
    Place of PublicationAtlanta, GA
    PublisherAssociation for Information Systems. AIS Electronic Library (AISeL)
    Publication date2014
    Article number16
    Publication statusPublished - 2014
    EventICMB 2014: The 13th International Conference on Mobile Business - London, United Kingdom
    Duration: 4 Jun 20145 Jun 2014
    Conference number: 13


    ConferenceICMB 2014
    Country/TerritoryUnited Kingdom
    Internet address
    SeriesInternational Conference on Mobile Business. Proceedings

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