Development of Modern Payment Methods in Poland as an Example of Technological Leapfrogging

• Autorzy: Wojciech Świder

Warianty tytułu

Rozwój nowoczesnych metod płatności w Polsce przykładem przeskoku technologicznego

• Języki publikacji: EN

Abstrakty

EN

In the Polish economy consumers can choose from various payment methods. Every method has its advantages and disadvantages. The literature on the subject includes numerous studies proving the higher cost- -effectiveness of electronic payments, e.g. using payment cards. Poland is in the group of countries where people rather pay in cash than by payment cards. However, payment innovations are quickly adopted. In the second half of 2018 Poland was the first country in the world in which all payment terminals accepted contactless payments. This was possible thanks to top-down activities (e.g. Cash Support Program) but also thanks to the quick adaptation of these new payment methods by a large part of our society. This could be associated with a relatively shorter period of operation of non-cash payments, which made adaptation of the innovation easier than in other countries already using non-cash payments for some time. The concept of implementing the latest technologically advanced stage without the previous stages is called leapfrogging. The implementation and dynamic development of the latest payment technologies on the Polish market make use of the characteristic of this process, although it is not literal. Interestingly, after the implementation of modern payment methods the processes of further development of payment methods (BLIK system) began in our country, which gained the interest of the global payments giant (Mastercard). Therefore, we are not only adopting technology but also entering the group of technological leaders in the sphere of payments. (original abstract)

W polskiej gospodarce konsumenci mogą wybierać spośród różnych metod płatności. Każda na swoje wady i zalety. W literaturze przedmiotu można znaleźć liczne badania dowodzące wyższej efektywności kosztowej płatności elektronicznych, na przykład za pomocą kart płatniczych. Polska znajduje się w grupie krajów, gdzie przywiązanie do gotówki jest względnie duże. Równocześnie innowacje płatnicze są szybko adaptowane. Polska w drugiej połowie 2018 roku była pierwszym krajem na świecie, w którym wszystkie terminale płatnicze akceptowały płatności zbliżeniowe. Było to możliwe dzięki działaniom odgórnym (np. Programu Wsparcia Obrotu Bezgotówkowego), ale również dzięki szybkiemu przyswojeniu tychże nowych metod płatności przez dużą część naszego społeczeństwa. Mogło się to wiązać z relatywnie krótszym okresem funkcjonowania płatności bezgotówkowych, przez co adaptacja innowacji była łatwiejsza niż w krajach dojrzałych. Koncepcja implementowania najnowszego technologicznie etapu z pominięciem stadiów wcześniejszych nosi nazwę leapfroggingu. Implementacja i dynamiczny rozwój najnowszych technologii płatniczych na polskim rynku noszą znamiona tego procesu, choć nie są nim w znaczeniu dosłownym. Co interesujące, po wdrożeniu nowoczesnych metod płatniczych w naszym kraju rozpoczęły się procesy dalszego rozwijania metod płatności (system BLIK), który zyskał zainteresowanie światowego giganta płatniczego (Mastercard). Mamy zatem do czynienia nie tylko z zaadoptowaniem technologii, ale i z wkroczeniem do grona technologicznych liderów w sferze płatności. (abstrakt oryginalny)

Słowa kluczowe

EN

Methods of payment; Mobile payments; Technological development

PL

Metody płatności; Płatności mobilne; Rozwój technologiczny

• Czasopismo: Zeszyty Naukowe Małopolskiej Wyższej Szkoły Ekonomicznej w Tarnowie
• Rocznik: 2021
• Tom: 50
• Numer: nr 2
• Strony: 79--91

Twórcy

autor

Wojciech Świder

• Uniwersytet Ekonomiczny w Poznaniu

Bibliografia

• Akhil, J., Patil, B. (2021). An energy Internet for India: Are we ready for a technology leapfrogging? Environmental Research: Infrastructure and Sustainability, 1(1). DOI: 10.1088/2634-4505/ac005d.
• Ante, L., Fiedler, I., Strehle, E. (2020). The influence of stablecoin issuances on cryptocurrency markets, BRL Working Paper Series, 11. DOI: 10.1016/j.frl.2020.101867.
• Barro, R. J., Sala-i-Martin, X. (1997). Technological diffusion, convergence, and growth. Journal of Economic Growth, 2, 1-27.
• Barro, R., Sala-i-Martin, X., Blanchard, O., Hall, R. (1991). Convergence across states and regions. Brookings Papers on Economic Activity, 1, 107-182.
• Beck, T., Pamuk, H., Ramratta, R., Uras, B. R. (2018). Payment instruments, finance and development. Journal of Development Economics, 133, 162-186. DOI: 10.1016/j.jdeveco.2018.01.005.
• Binz, C., Truffer, B., Li, L., Shi, Y., Lu, Y. (2012). Conceptualizing leapfrogging with spatially coupled innovation systems: The case of onsite wastewater treatment in China. Technological Forecasting and Social Change, 79(1), 155-171. DOI: 10.1016/j.techfore.2011.08.016.
• Bolt, W., Chakravorti, S. (2010). Digitization of retail payments. DNB Working Papers, 270.
• Borzekowski, R., Kiser, E. K. (2008). The choice at the checkout: Quantifying demand across payment instruments. International Journal of Industrial Organization, 26(4), 889-902.
• Brezis, E. S., Krugman, P. R., Tsiddon, D. (1993). Leapfrogging in international competition: A theory of cycles in national technological leadership. The American Economic Review, 83(5), 1211-1219.
• Carbo, S., Humphrey, D., Lopez, R. (2002). Effects of ATMs and electronic payments on banking costs. Working Paper, Department of Finance, Florida State University.
• Carbó-Valverde, S., Liñares-Zegarra, J. M. (2011). How effective are rewards programs in promoting payment card usage? Empirical evidence. Journal of Banking and Finance, 35(12), 3275-3291.
• Ching, A. T., Hayashi, F. (2010). Payment card rewards programs and consumer payment choice. Journal of Banking and Finance, 34(8), 1773-1787.
• Cohen, W. M., Levinthal, D. A. (1990). Absorptive capacity: A new perspective on learning and innovation. Administrative Science Quarterly, 35, 128-152. DOI: 10.2307/2393553.
• Dabla-Norris, E., Ji, Y., Townsend, R. (2015). Identifying constraints to financial inclusion and their impact on GDP and inequality: A structural framework for policy. IMF Working Papers, 022.
• Davison, R., Vogel, D., Harris, R., Jones, N. (2000). Technology leapfrogging in developing countries-an inevitable luxury? Electronic Journal of Information Systems in Developing Countries, 1(1), 1-10.
• De Meijer, C. R. W. (2010). The single European Cash Area towards a more efficient European cash society. Journal of Payments Strategy & Systems, 4(3), 289-300.
• EBC. (2020). Stablecoins: Implications for monetary policy, financial stability, market infrastructure and payments, and banking supervision in the euro area. Occasional Paper Series, 247.
• Edquist, C. (1997). Systems of innovation: Technologies, institutions and organizations. London: Routledge. ISBN 9780415516112.
• Evans, D. M., Browne, A. L., Gortemaker, I. A. (2018). Environmental leapfrogging and everyday climate cultures: Sustainable water consumption in the Global South. Climatic Change, 163, 1-15. DOI: 10.1007/ s10584-018-2331-y.
• Gallagher, K. S. (2006). Limits to leapfrogging in energy technologies? Evidence from the Chinese automobile industry. Energy Policy, 34(4), 383-394. DOI: 10.1016/j.enpol.2004.06.005.
• Gevaudan, C., Lederman, D. (2020). Stages of development of payment systems: Leapfrogging across countries and MENA's place in the world. World Bank Policy Research Working Paper, 9104.
• Gray, H., Sanzogni, L. (2004). Technology leapfrogging in Thailand: Issues for the support of eCommerce infrastructure. Electronic Journal of Information Systems in Developing Countries, 16(1), 1-26. DOI: 10.1002/j.1681-4835.2004.tb00104.x.
• Gresvik, O., Øwre, G. (2002). Banks' costs and income in the payment system in 2001 [online, accessed: 2019-10-31]. Norges bank. Retrieved fromm: https://norges-bank.brage.unit.no/norges-bank-xmlui/bitstream/ handle/11250/2504523/gresvik.pdf?sequence=1&isAllowed=y.
• Han, P., Wang, Z. (2021). Technology adoption and leapfrogging: Racing for mobile payments. Working paper (Federal Reserve Bank of Richmond), 21(5), 1-44. DOI: https://doi.org/10.21144/wp21-05.
• Hasan, I., De Renzis, T., Schmiedel, H. (2013). Retail payments and the real economy. European Central Bank Working Paper Series, 1572.
• Hausmann, R., Klinger, B. (2007). The structure of the product space and the evolution of comparative advantage. CID Working Paper, 146.
• Ho, P. (2005). Greening industries in newly industrialising countries: Asian-style leapfrogging? International Journal for Environment and Sustainable Development, 4(3), 209-226. DOI: 10.1504/ IJESD.2005.007738.
• Hobday, M. (1994). Technological learning in Singapore: A test case of leapfrogging. The Journal of Development Studies, 30(4), 831-858. DOI: 10.1080/00220389408422340.
• Humphrey, D., Willesson, M., Bergendahl, G., Lindblom, T. (2006). Benefits from a changing payment technology in European banking. Journal of Banking and Finance, 30(6), 1631-1652.
• Klee, E. (2008). How people pay: evidence from grocery store data. Journal of Monetary Economics, 55(3), 526-541.
• Lee, K., Lim, C. (2001). Technological regimes, catching-up and leapfrogging: Findings from the Korean industries. Research Policy, 30(3), 459-483.
• Lewis, J. (2007). Technology acquisition and innovation in the developing world: Wind turbine development in China and India. Studies in Comparative International Development, 42(3), 208-232.
• Mody, A., Sherman, R. (1990). Leapfrogging in switching systems. Technological Forecasting and Social Change, 37(1), 77-83. DOI: 10.1016/0040-1625(90)90060-9.
• Moon, H., Park, S. Y.,Woo, J. (2021). Staying on convention or leapfrogging to eco-innovation? Identifying early adopters of hydrogen-powered vehicles. Technological Forecasting and Social Change, 171, 12099.
• NBP. Narodowy Bank Polski. (2018). Porównanie wybranych elementów polskiego systemu płatniczego z systemami innych krajów Unii Europejskiej za 2017 r. Departament Systemu Płatniczego Warszawa.
• NBP. Narodowy Bank Polski. (2019a). Koszty instrumentów płatniczych na rynku polskim. Raport końcowy z projektu badawczego NBP. Departament Systemu Płatniczego Warszawa.
• NBP. Narodowy Bank Polski. (2019b). Ocena funkcjonowania polskiego systemu płatniczego w II półroczu 2018 r. Departament Systemu Płatniczego Warszawa.
• Ndung'u, N., Morales, A., Ndirangu, L. (2016). Cashing in on the digital revolution. Finance & Development, 53(2), 14-17. ISBN 9781513549118.
• Oleńkiewicz, M. (2015). Potencjał rozwoju rynku płatności bezgotówkowych w Polsce. Zeszyty Naukowe PWSZ w Płocku. Nauki Ekonomiczne, 2(22), 215-223.
• Perkins, R. (2003). Environmental leapfrogging in developing countries: A critical assessment and reconstruction. Natural Resources Forum, 27(3), 177-188. DOI: 10.1111/1477-8947.00053.
• Rock, M., Murphy, J. T., Rasiah, R., Van Seters, P., Managi, S. (2009). A hard slog, not a leap frog: Globalization and sustainability transitions in developing Asia. Technological Forecasting and Social Change, 76(2), 241-254. DOI: 10.1016/j.techfore.2007.11.014.
• Rwanda FinScope. (2016). Finanncial Inclusion in Rwanda [online, acces: 2019-10-29]. Retrieved from: http://www.statistics.gov.rw/publication/finscope-rwanda-2016.
• Sauter, R., Watson, J. (2008). Technology leapfrogging: A review of the evidence. A report for DFID. Sussex Energy Group SPRU. Science and Technology Policy Research. University of Sussex.
• Schmiedel, H., Kostova, G. L., Ruttenberg, W. (2012). The social and private costs of retail payment instruments: A European perspective. ECB Occasional Paper Seriess, 137.
• Schroeder, P. M., Anantharaman, M. (2016). Lifestyle leapfrogging in emerging economies: Enabling systemic shifts to sustainable consumption. Journal of Consumer Policy, 40(1). DOI: 10.1007/s10603-016- -9339-3.
• Steinmueller, W. E. (2001). ICTs and the possibilities for leapfrogging by developing countries. International Labour Review, 140(2), 193-210. DOI:10.1111/j.1564-913X.2001.tb00220.x.
• Von Kalckreuth, U., Schmidt, T., Stix, H. (2009). Choosing and using payment instruments: Evidence from German microdata. Empirical Economics, 46(3), 1019-1055.
• Watson, J., Sauter, R. (2008). Technology leapfrogging: A review of the evidence, University of Sussex, Sussex Energy Group, Sussex Energy GroupSPRU. Science and Technology Policy Research. University of Sussex.
• World Bank. (2008). Global economic prospects 2008: Technology diffusion in the developing world. Washington DC, World Bank.
• World Bank Group and China Development Bank (2017). Leapfrogging: The key to Africa's development?
• Zandi, M., Koropeckyj, S., Singh, V., Matsiras, P. (2016). The impact of electronic payments on economic growth. Moody's Analytics, Economic & Consumer Credit Analytics.
• Zandi, M., Singh, V., Irving, J. (2013). The impact of electronic payments on economic growth. Moody's Analytics, Economic & Consumer Credit Analytics.

Identyfikatory

DOI

10.25944/znmwse.2021.02.7991