• Tanai KhiaonarongEmail author
  • Jonathan Liebenau
Part of the Contributions to Economics book series (CE)


Modern payment systems have transformed both the technology of banking and made possible numerous changes in the strategy and structure of financial services organisations, including central banks. By applying innovation theory to this study of payment systems, we can show how such a broad change, replete with intricacies, could be conceptualised, designed, implemented and disseminated. In this book, we examine the relevant theories of innovation and provide a review of the strategic approaches to establishing efficient payment systems. We set up the story of the diffusion of payment innovations, the building of capabilities in banking, and consider future challenges.


Central Bank Payment System Electronic Payment Payment Instrument Retail Payment 
These keywords were added by machine and not by the authors. This process is experimental and the keywords may be updated as the learning algorithm improves.


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Copyright information

© Physica-Verlag Heidelberg 2009

Authors and Affiliations

  1. 1.University of Westminster and Bank of ThailandPranakhonThailand
  2. 2.Department of Management Information Systems and Innovation GroupLondon School of Economics and Political ScienceLondonUK

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