Retail Payment Costs and Savings in Kosovo
This report is based on a study of the costs of retail payments in Kosovo, using a methodology (A Practical Guide for Measuring Retail Payment Costs) developed by the World Bank's Payment System Development Group (PSDG), part of the Finance, Competitiveness, and Innovation Global Practice. The study is based on survey data, with questionnaires administered to a sample of households and businesses on the demand side, as well as to 9 commercial banks operating in Kosovo; the Central Bank of Kosovo (in its role as currency issuer and as the operator of the Automated Clearing House); 4 money transfer operators; and the Post Office on the supply side. The study aims to establish a sound economic baseline for the national retail payments system regarding the costs of different payment instruments to better guide system development and enable high-impact changes. Efficiency gains resulting from migration to lower-cost retail payment instruments and more efficient use of those instruments could have significant benefits for economic development and growth as the transaction costs of exchanging goods and services are reduced. Lower costs of retail payments can also fundamentally extend the access of electronic payment services to lower-income households and further improve the efficiency of the national payments system as access to modern payment instruments is broadened.
| Main Authors: | , |
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| Format: | Report biblioteca |
| Language: | English |
| Published: |
World Bank, Washington, DC: Central Bank of Kosovo, Prishtinë, Kosovë
2022-02
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| Subjects: | PAYMENT SYSTEM DEVELOPMENT GROUP, FINANCE, COMPETITIVENESS, AND INNOVATION, RETAIL PAYMENT SYSTEMS, COMMERCIAL BANKING, HOUSEHOLD SURVEY PAYMENT SYSTEMS, ACCESS TO PAYMENT SYSTEMS, FINANCIAL ACCESS EQUITY, |
| Online Access: | http://documents.worldbank.org/curated/en/099840103312221887/P1633600460f900e108b1c0418cd323705f https://hdl.handle.net/10986/37266 |
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dig-okr-10986372662024-07-17T11:39:35Z Retail Payment Costs and Savings in Kosovo World Bank Central Bank of Kosovo (CBK) PAYMENT SYSTEM DEVELOPMENT GROUP FINANCE, COMPETITIVENESS, AND INNOVATION RETAIL PAYMENT SYSTEMS COMMERCIAL BANKING HOUSEHOLD SURVEY PAYMENT SYSTEMS ACCESS TO PAYMENT SYSTEMS FINANCIAL ACCESS EQUITY This report is based on a study of the costs of retail payments in Kosovo, using a methodology (A Practical Guide for Measuring Retail Payment Costs) developed by the World Bank's Payment System Development Group (PSDG), part of the Finance, Competitiveness, and Innovation Global Practice. The study is based on survey data, with questionnaires administered to a sample of households and businesses on the demand side, as well as to 9 commercial banks operating in Kosovo; the Central Bank of Kosovo (in its role as currency issuer and as the operator of the Automated Clearing House); 4 money transfer operators; and the Post Office on the supply side. The study aims to establish a sound economic baseline for the national retail payments system regarding the costs of different payment instruments to better guide system development and enable high-impact changes. Efficiency gains resulting from migration to lower-cost retail payment instruments and more efficient use of those instruments could have significant benefits for economic development and growth as the transaction costs of exchanging goods and services are reduced. Lower costs of retail payments can also fundamentally extend the access of electronic payment services to lower-income households and further improve the efficiency of the national payments system as access to modern payment instruments is broadened. 2022-04-05T17:29:06Z 2022-04-05T17:29:06Z 2022-02 Report http://documents.worldbank.org/curated/en/099840103312221887/P1633600460f900e108b1c0418cd323705f https://hdl.handle.net/10986/37266 English CC BY 3.0 IGO http://creativecommons.org/licenses/by/3.0/igo World Bank application/pdf text/plain World Bank, Washington, DC: Central Bank of Kosovo, Prishtinë, Kosovë |
| institution |
Banco Mundial |
| collection |
DSpace |
| country |
Estados Unidos |
| countrycode |
US |
| component |
Bibliográfico |
| access |
En linea |
| databasecode |
dig-okr |
| tag |
biblioteca |
| region |
America del Norte |
| libraryname |
Biblioteca del Banco Mundial |
| language |
English |
| topic |
PAYMENT SYSTEM DEVELOPMENT GROUP FINANCE, COMPETITIVENESS, AND INNOVATION RETAIL PAYMENT SYSTEMS COMMERCIAL BANKING HOUSEHOLD SURVEY PAYMENT SYSTEMS ACCESS TO PAYMENT SYSTEMS FINANCIAL ACCESS EQUITY PAYMENT SYSTEM DEVELOPMENT GROUP FINANCE, COMPETITIVENESS, AND INNOVATION RETAIL PAYMENT SYSTEMS COMMERCIAL BANKING HOUSEHOLD SURVEY PAYMENT SYSTEMS ACCESS TO PAYMENT SYSTEMS FINANCIAL ACCESS EQUITY |
| spellingShingle |
PAYMENT SYSTEM DEVELOPMENT GROUP FINANCE, COMPETITIVENESS, AND INNOVATION RETAIL PAYMENT SYSTEMS COMMERCIAL BANKING HOUSEHOLD SURVEY PAYMENT SYSTEMS ACCESS TO PAYMENT SYSTEMS FINANCIAL ACCESS EQUITY PAYMENT SYSTEM DEVELOPMENT GROUP FINANCE, COMPETITIVENESS, AND INNOVATION RETAIL PAYMENT SYSTEMS COMMERCIAL BANKING HOUSEHOLD SURVEY PAYMENT SYSTEMS ACCESS TO PAYMENT SYSTEMS FINANCIAL ACCESS EQUITY World Bank Central Bank of Kosovo (CBK) Retail Payment Costs and Savings in Kosovo |
| description |
This report is based on a study of
the costs of retail payments in Kosovo, using a methodology
(A Practical Guide for Measuring Retail Payment Costs)
developed by the World Bank's Payment System
Development Group (PSDG), part of the Finance,
Competitiveness, and Innovation Global Practice. The study
is based on survey data, with questionnaires administered to
a sample of households and businesses on the demand side, as
well as to 9 commercial banks operating in Kosovo; the
Central Bank of Kosovo (in its role as currency issuer and
as the operator of the Automated Clearing House); 4 money
transfer operators; and the Post Office on the supply side.
The study aims to establish a sound economic baseline for
the national retail payments system regarding the costs of
different payment instruments to better guide system
development and enable high-impact changes. Efficiency gains
resulting from migration to lower-cost retail payment
instruments and more efficient use of those instruments
could have significant benefits for economic development and
growth as the transaction costs of exchanging goods and
services are reduced. Lower costs of retail payments can
also fundamentally extend the access of electronic payment
services to lower-income households and further improve the
efficiency of the national payments system as access to
modern payment instruments is broadened. |
| format |
Report |
| topic_facet |
PAYMENT SYSTEM DEVELOPMENT GROUP FINANCE, COMPETITIVENESS, AND INNOVATION RETAIL PAYMENT SYSTEMS COMMERCIAL BANKING HOUSEHOLD SURVEY PAYMENT SYSTEMS ACCESS TO PAYMENT SYSTEMS FINANCIAL ACCESS EQUITY |
| author |
World Bank Central Bank of Kosovo (CBK) |
| author_facet |
World Bank Central Bank of Kosovo (CBK) |
| author_sort |
World Bank |
| title |
Retail Payment Costs and Savings in Kosovo |
| title_short |
Retail Payment Costs and Savings in Kosovo |
| title_full |
Retail Payment Costs and Savings in Kosovo |
| title_fullStr |
Retail Payment Costs and Savings in Kosovo |
| title_full_unstemmed |
Retail Payment Costs and Savings in Kosovo |
| title_sort |
retail payment costs and savings in kosovo |
| publisher |
World Bank, Washington, DC: Central Bank of Kosovo, Prishtinë, Kosovë |
| publishDate |
2022-02 |
| url |
http://documents.worldbank.org/curated/en/099840103312221887/P1633600460f900e108b1c0418cd323705f https://hdl.handle.net/10986/37266 |
| work_keys_str_mv |
AT worldbank retailpaymentcostsandsavingsinkosovo AT centralbankofkosovocbk retailpaymentcostsandsavingsinkosovo |
| _version_ |
1806031808155877376 |