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The impact of SEPA in credit transfer payments: Evidence from the euro area

Author

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  • Silva, Vânia G.
  • Ramalho, Esmeralda A.
  • Vieira, Carlos R.

Abstract

This paper analyses the effect of the implementation process of the Single Euro Payments Area (SEPA) project on credit transfer payments in euro area countries during the period between 2008 and 2013. Using both univariate and multivariate fractional regression models, we found that, when controlling for socio-demographic, economic, technological and institutional factors, the progress in the migration to SEPA formats had a relevant positive impact on the share of payments made with credit transfers. Our results provide for the first time empirical evidence of the direct effect of the implementation of SEPA on payment habits and set the basis for the discussion of some of the possible implications of payments digitalization from both economical and societal perspectives.

Suggested Citation

  • Silva, Vânia G. & Ramalho, Esmeralda A. & Vieira, Carlos R., 2016. "The impact of SEPA in credit transfer payments: Evidence from the euro area," Research in International Business and Finance, Elsevier, vol. 38(C), pages 404-416.
    • Handle: RePEc:eee:riibaf:v:38:y:2016:i:c:p:404-416
    DOI: 10.1016/j.ribaf.2016.04.013
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    2. Polasik, Michał & Huterska, Agnieszka & Iftikhar, Rehan & Mikula, Štěpán, 2020. "The impact of Payment Services Directive 2 on the PayTech sector development in Europe," Journal of Economic Behavior & Organization, Elsevier, vol. 178(C), pages 385-401.

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    More about this item

    Keywords

    European union; Retail payments; Credit transfers; SEPA; Fractional regression models;
    All these keywords.

    JEL classification:

    • F36 - International Economics - - International Finance - - - Financial Aspects of Economic Integration
    • G21 - Financial Economics - - Financial Institutions and Services - - - Banks; Other Depository Institutions; Micro Finance Institutions; Mortgages
    • C25 - Mathematical and Quantitative Methods - - Single Equation Models; Single Variables - - - Discrete Regression and Qualitative Choice Models; Discrete Regressors; Proportions; Probabilities
    • C35 - Mathematical and Quantitative Methods - - Multiple or Simultaneous Equation Models; Multiple Variables - - - Discrete Regression and Qualitative Choice Models; Discrete Regressors; Proportions

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