Critical Assessment of Instant Payments as a Solution for the German Market

Inhaltsverzeichnis (Table of Contents)

• Introduction
• Field of attention: concept of "Instant Payments" in Europe
• Objective and research questions of this work
• Scope and structure of this work
• Setting the Stage: The German payment market today
• Characteristics and distinction of electronic payments
• Evolution from physical exchange to electronic payment
• Electronic versus cash payments
• Advantages
• Disadvantages
• Common denominators of electronic payments instruments
• Cash payment
• Credit transfer
• Direct debit
• Scheme-based payment
• Payment culture in Germany
• Instant payments as a new method of electronic payments
• What has been defined in the Euro-area to date?
• SCT Inst scheme
• EBA CLEARING Blueprint
• Non-EUR example: Faster Payments
• The market for electronic payments in Germany
• Market characteristics
• Supplier Power
• Buyer Power
• Threat of Substitution
• Threat of New Entry
• External market influences
• Political, legal and regulatory factors
• Technological influences
• Economical factors
• Social factors
• Change and innovation drivers
• The concept of Instant Payments as innovation approach for Germany
• Research approach
• Research design
• Research Methodology
• Choice of sample and timing
• Limitations
• Results of the research
• Consumer's and organisations': Results from a secondary source
• What do the experts say? Results of the qualitative research
• Overall considerations
• Attitude towards Instant Payments
• Definition of Instant Payments
• Contributors to Instant Payments
• Rationale for Instant Payments' attractiveness in Germany
• Chances
• Risks
• External influences
• Design proposal for the German market
• Implementation roadmap
• What does the research add in the defined framework?
• Trends
• Uncertainties in the expert group

Zielsetzung und Themenschwerpunkte (Objectives and Key Themes)

This Master's thesis aims to critically assess the suitability of Instant Payments as a solution for the German market. It examines the current state of the German payment market, analyzes the potential benefits and challenges of Instant Payments, and explores the feasibility of its implementation.

• The evolving landscape of electronic payments in Germany
• The concept and implementation of Instant Payments in the Euro area
• The potential impact of Instant Payments on consumers, businesses, and the financial industry
• Challenges and opportunities related to the adoption of Instant Payments in Germany
• Recommendations for the successful integration of Instant Payments in the German market

Zusammenfassung der Kapitel (Chapter Summaries)

The introduction provides context for the study by outlining the historical evolution of payments, from physical exchange to electronic systems. It establishes the significance of electronic payments in today's society and the growing importance of instant payment solutions.

Chapter 2 focuses on the German payment market, analyzing its characteristics, market players, and key trends. It examines the various payment methods currently used in Germany, including cash, credit transfer, direct debit, and scheme-based payments. The chapter also explores the cultural aspects of payment in Germany and the emerging role of Instant Payments as a new method.

Chapter 3 details the research methodology employed in the study. It outlines the research design, data collection methods, and limitations of the research.

Chapter 4 presents the results of the research, drawing upon both secondary data analysis and qualitative interviews with experts. It explores the perspectives of consumers and businesses on Instant Payments and examines the key considerations, attitudes, and opinions of experts on the subject. The chapter also analyzes the potential benefits and risks associated with Instant Payments and proposes a design for their implementation in the German market.

Schlüsselwörter (Keywords)

The research focuses on the critical assessment of Instant Payments as a potential solution for the German market. Key topics include electronic payments, payment systems, market analysis, innovation, consumer behavior, regulatory frameworks, implementation strategies, and the potential impact of Instant Payments on various stakeholders.