Working paper

Gatekeeping at the counter: The regulation of stacked payment platforms

Renato Gomes, and Yassine Lefouili

Abstract

This paper explores the pricing of ancillary payment services by platforms and its implications for welfare. We distinguish between two types of platforms: vertical platforms that operate their own closed payment schemes, and stacked platforms that offer payment services through open schemes operated by third parties. We analyze the impact of a regulation mandating platforms to provide access to third-party payment services and examine the regulation of interchange fees within the context of stacked platforms.

Keywords

platforms, payment services, ancillary services, regulation, interoperability, interchange fee;

JEL codes

  • L51: Economics of Regulation
  • L86: Information and Internet Services • Computer Software
  • E42: Monetary Systems • Standards • Regimes • Government and the Monetary System • Payment Systems

Reference

Renato Gomes, and Yassine Lefouili, “Gatekeeping at the counter: The regulation of stacked payment platforms”, TSE Working Paper, n. 24-1590, November 2024.

See also

Published in

TSE Working Paper, n. 24-1590, November 2024