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    The Payments System

    Antón, Miguel ; Giné, Mireia

    • Reference: FN-648-E

    • Number of pages: 8

    • Publication Date: Dec 10, 2021

    • Source: IESE (España)

    • Type of Document: Technical Note

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    Description

    Payment systems are necessary for the correct functioning of any modern economy, providing individuals, merchants and firms with the means for making and receiving payments, clearing and settlement.