However, all payment system providers would have to be approved under the payment system act to operate in the country. In this regard, we need to note that USA, a country which permitted free development of such products, has also started discussions on licensing and regulation of products. Conclusion 28.
One possible explanation, commonly mentioned in literature, is that the diffusion of innovation and new technology is associated with a rapid decrease in learning costs over time triggered by the increasing number of users. More widespread knowledge about how to exploit new technology would obviously speed up the rate of diffusion and foster non linear effects as regards the benefits associated with it.