CONSIDERATIONS CONCERNING THE MAIN EXISTING PAYMENT METHODS IN THE BANKING SYSTEM

Toni Calugaru and Cristian Rebegea
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Toni Calugaru: University of Craiova Faculty of Economics and Business Administration
Cristian Rebegea: University of Craiova Faculty of Economics and Business Administration

Annals of University of Craiova - Economic Sciences Series, 2019, vol. 1, issue 47, 29-38

Abstract: The technological evolution in the monetary field has made the use of cash in the payments sector considerably decreasing. Digitalization of money has the potential to change the traditional structure of the financial system, as well as to redefine the role of central banks. This paper aims to present the main non-cash payment methods available worldwide, with an emphasis on internet and mobile banking. Comparing the increasing use of mobile payment applications, as more and more smartphone users prefer these applications to the detriment of cash payments, along with the evolution of ATM usage, one can see that there is a clear trend digitalization of banking services.

Keywords: payment system; ATM; POS; payment system; banking system (search for similar items in EconPapers)
JEL-codes: E42 G21 G23 (search for similar items in EconPapers)
Date: 2019
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Persistent link: https://EconPapers.repec.org/RePEc:aio:aucsse:v:1:y:2019:i:47:p:29-38

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