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Considerations Concerning The Main Existing Payment Methods In The Banking System

Author

Listed:
  • Toni Calugaru

    (University of Craiova Faculty of Economics and Business Administration)

  • Cristian Rebegea

    (University of Craiova Faculty of Economics and Business Administration)

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.

Suggested Citation

  • Toni Calugaru & Cristian Rebegea, 2019. "Considerations Concerning The Main Existing Payment Methods In The Banking System," Annals of University of Craiova - Economic Sciences Series, University of Craiova, Faculty of Economics and Business Administration, vol. 1(47), pages 29-38, November.
    • Handle: RePEc:aio:aucsse:v:1:y:2019:i:47:p:29-38
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    File URL: http://feaa.ucv.ro/annals/v1_2019/004.pdf
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    References listed on IDEAS

    as
    1. Levine, Ross, 2002. "Bank-Based or Market-Based Financial Systems: Which Is Better?," Journal of Financial Intermediation, Elsevier, vol. 11(4), pages 398-428, October.
    2. Bernardo Bátiz-Lazo & Claudia Reese, 2010. "Is the Future of the ATM Past?," Palgrave Macmillan Studies in Banking and Financial Institutions, in: Alexandros-Andreas Kyrtsis (ed.), Financial Markets and Organizational Technologies, chapter 6, pages 137-165, Palgrave Macmillan.
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    More about this item

    Keywords

    payment system; ATM; POS; payment system; banking system;
    All these keywords.

    JEL classification:

    • E42 - Macroeconomics and Monetary Economics - - Money and Interest Rates - - - Monetary Sytsems; Standards; Regimes; Government and the Monetary System
    • G21 - Financial Economics - - Financial Institutions and Services - - - Banks; Other Depository Institutions; Micro Finance Institutions; Mortgages
    • G23 - Financial Economics - - Financial Institutions and Services - - - Non-bank Financial Institutions; Financial Instruments; Institutional Investors

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