Master's Thesis from the year 2016 in the subject Business economics -
Trade and Distribution, grade: 1,7, University of applied sciences,
Cologne, language: English, abstract: Regulators recognize
digitalization and increased economic speed and derive the necessity of
a new payment instrument that accelerates payments. This is assumed to
address the consumers' behavioural change due to instant messaging,
which substantiates a new consumer demand for instant payment execution.
Subsequently, a new electronic payment instrument was conceived by the
European Central Bank (ECB) and further refined by two industry
stakeholder associations. This concept for a new payment system is
commonly referred to as "Instant Payments" and shall be the field of
attention for this thesis. This work has two main objectives in regards
to the European concept of Instant Payments as in discussion today. The
first aim of this work is to examine the factual basis for the ECB's
rationale by analysing the German payment market ultimately aiming at a
conclusion on the attractiveness of an Instant Payments solution for the
German payment market. Subsequent and referring to this market
examination, the second objective is to identify a suitable design and a
possible implementation approach for an Instant Payments solution in
Germany.
