The Role of Government and Public Authoritiy in Driving Payment Innovation Matthias Schmudde, Strategy, Policy and Oversight; Payments and Securities Settlement
How did payments develop in Germany?
Payments in million transactions 12000
10000
8000
Direct Debit* 6000
Credit Transfers* 4000
2000
Card payments 0 2007
2008
2009
2010
2011
2012
2013
* Including simple book entries from 2014 on due to changing methodology. Matthias Schmudde, Deutsche Bundesbank 24 May 2016 Seite 2
2014
How did payments develop in Germany?
Payments in million transactions 80
70
60
Cheque
50
40
E-Money
30
20
10
0 2007
2008
2009
Matthias Schmudde, Deutsche Bundesbank 24 May 2016 Seite 3
2010
2011
2012
2013
2014
Public Private Partnerships
A central bank view
Reviewing existing policy frameworks
Monitoring relevant developments
Role of central banks
Cooperation with other authorities
facilitator / catalyst overseer operator Fostering interoperability Communication & transparency
Matthias Schmudde, Deutsche Bundesbank 24 May 2016 Seite 4
Impact on own payment operations
Regulatory Framework
Does innovation flourish where government encourages it?
Regulatory framework
Level playing field
Security
Matthias Schmudde, Deutsche Bundesbank 24 May 2016 Seite 5
Innovation
Regulatory framwork
Innovation vs. risk
innovation
Matthias Schmudde, Deutsche Bundesbank 24 May 2016 Seite 6
risk
Thank you for your attention.
Matthias Schmudde, Deutsche Bundesbank 24 May 2016 Seite 7
Matthias Schmudde Deutsche Bundesbank Wilhelm-Epstein-Straße 14 60431 Frankfurt am Main E-Mail:
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