Retail payment systems in the OIC Member Countries

Retail payment systems have been applied to one of the oldest problems of civilisations: how payment can be made for goods. In this report we address these systems primarily from the perspective of those relatively new technologies, businesses and processes that challenge cash-based systems. Our purpose is to explain these new technologies and their significance for OIC Member States and to offer recommendations on how to learn from best practices that can enhance the economies of these countries.