Another Look at the Costs of Payments
Dave Birch blogs about research done by the Swedish central bank looking into the costs of various forms of payments in that country. He goes on to discuss some recent McKinsey numbers saying "European banks lose a lot of money on the non-SEPA payment instruments (ie, cash and cheques), they make reasonable money on SEPA instruments and they make a lot of money on payment-related (rather than direct payment) revenues."
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