Short courses


More Than Money: the Economics of Payments and its Regulation

  • 5 hours
  • 0.5 days


This short course will look at the organisation of the modern payments industry

It will draw extensively on innovation in payments, as well as competition policy cases involving payments, from around the world.

Background context for this course

The payments industry is going through a period of significant disruption. Innovation is creating new opportunities but also risk for payments companies. At the same time new and proposed regulations are forcing traditional firms to change how they do business and putting up roadblocks to startups.

Meanwhile the lines between the payments industry and others is blurring as high technology companies from Apple to Uber are inserting themselves into the mix. What does this mix of innovation and regulation mean for payments companies and the lawyers who represent them?

Who it's for

The course is aimed at anyone working in the payments industry as well as lawyers, economists, and other advisers to payments entities.

Course content

During this course you'll examine:

  • the organisation of the modern payments industry with particular focus on the economics of this industry including the role of multi-sided platforms and the behavioural economics of payments and borrowing
  • key innovations including mobile money, virtual currencies, and the integration of virtual and physical payments
  • the economic foundations of competition policy and consumer protection for payments

The course will include presentations from several executives of payments companies including startups.

Learning outcomes

By the end of this short course you'll have a better understanding of:

  • the economics and organisation of the payments industry
  • innovation in payments and connected commerce
  • competition and consumer protection policy for payments

Course team

Professor David Evans

Professor David Evans

David has taught antitrust law and economics at UCL's Faculty of Laws since 2004, where he is Executive Director of the Jevons Institute for Competition Law and Economics and Visiting Professor. He's also a lecturer at University of Chicago Law School and was a Professor at Fordham Law School (1985-1995).

Course information last modified: 23 Oct 2019, 12:03