Trends in payment intermediation – global perspective of the role of banks and non-banks

Purpose – The aim of the paper is to assess role banks and non-banks in payments from a global perspective using comprehensive approach. considerations are also focused on determinants possible changes this area future.Research method research methods applied study include literature review critical analysis available empirical results field payment intermediation. analy-sis based desk trends observed worldwide. Results leads conclusion that despite significant nonbank entities services market, continue be important elements systems. There no commonly used solutions fully separate banking systems, there doubt will not change nearest future. However, innovations combined with regulations central bank strategies may alter use both money infra-structure payments.Originality /value / implications /recommendations contributes discussion leading an increasing It investigates problem Its novelty lies approach four distinguished stages banks’ paymentsystems