More Than Money: the Economics of Payments and its Regulation

During this course you'll examine:

• the organisation of the modern payments industry with particular focus on the economics of this industry including the role of multi-sided platforms and the behavioural economics of payments and borrowing
• key innovations including mobile money, virtual currencies, and the integration of virtual and physical payments
• the economic foundations of competition policy and consumer protection for payments

The payments industry is going through a period of significant disruption. Innovation is creating new opportunities but also risk for payments companies. At the same time new and proposed regulations are forcing traditional firms to change how they do business and putting up roadblocks to startups.

Meanwhile the lines between the payments industry and others is blurring as high technology companies from Apple to Uber are inserting themselves into the mix.