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Money Transfers Via Online Platforms - Logistics for Business Development

Author

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  • Claudia Isac

    (University of Petroşani, Romania)

Abstract

In this paper I have presented 3 of the money transfer platforms which operate via the Internet. The development of the Internet, electronic commerce and money transfers due to international migration and movement of people directly determines the improvement of money transfer processes, so as to find the best tools for money transfers at minimum costs and high transfer speeds, implying secure trading and personal data privacy. In this context I have compared the three most frequently used trading platforms PayPall, transferGo, TransferWise, also including a presentation of each of them. I have also done a more detailed analysis of the evolution of PayPall in Romania and on the international market due to the high amounts of money and the number of transactions. I have completed the work with a brief presentation of the financial trends and especially of trading via the Internet.

Suggested Citation

  • Claudia Isac, 2016. "Money Transfers Via Online Platforms - Logistics for Business Development," Annals of the University of Petrosani, Economics, University of Petrosani, Romania, vol. 16(1), pages 143-150.
    • Handle: RePEc:pet:annals:v:16:y:2016:i:1:p:143-150
    as

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    References listed on IDEAS

    as
    1. Imola Drigă, 2014. "Online Banking in The Romanian Banking System," Annals of the University of Petrosani, Economics, University of Petrosani, Romania, vol. 14(2), pages 85-92.
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    More about this item

    Keywords

    money transfer platforms; Internet Banking; electronic services; PayPall; transferGo; TransferWise;
    All these keywords.

    JEL classification:

    • G21 - Financial Economics - - Financial Institutions and Services - - - Banks; Other Depository Institutions; Micro Finance Institutions; Mortgages
    • G24 - Financial Economics - - Financial Institutions and Services - - - Investment Banking; Venture Capital; Brokerage

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