The Retail Payment Costs and Savings in Albania
This report is based on a study of the costs and savings of retail payments in Albania using a methodology (A Practical Guide for Measuring Retail Payment Costs) developed by the World Bank’s Payment Systems Development Group, part of the Financial...
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| Format: | Report |
| Language: | English |
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World Bank, Washington, DC
2018
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| Online Access: | http://documents.worldbank.org/curated/en/318231529480715381/The-retail-payment-costs-and-savings-in-Albania http://hdl.handle.net/10986/30060 |
| Summary: | This report is based on a study of the
costs and savings of retail payments in Albania using a
methodology (A Practical Guide for Measuring Retail Payment
Costs) developed by the World Bank’s Payment Systems
Development Group, part of the Financial Inclusion,
Infrastructure, and Access at the Finance, Competitiveness,
and Innovation Global Practice. By applying this methodology
to Albania, the study aims to establish a sound economic
baseline for the national retail payments system in terms of
costs of different payment instruments to better guide
system development and enable high-impact changes. Moreover,
the methodology allows for the development of substitution
scenarios (from more costly to less costly retail payment
instrument) and the resulting cost savings. It is designed
based on four main principles: applicability, comparability,
efficiency, and standardization and can be adapted to
country-specific circumstances without losing its
comparative nature, across time and across countries. |
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