Mr Wellink, president of our central bank, has made this speech on efficiency in payment systems. He explains that in the Social Platform on Payments a number of investigations is taking place to find out which are the more expensive payment instruments. And he also reveals the outcome: credit-card and cash.
Faced with the question how to make the payment system more efficient, Wellink suggests that we use the price-mechanism. In plaintext: consumers may prepare because they will be facing the introduction of fees for their retail payments. And this will be backed by the research in the Social Platform on Payment Systems.