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Non-Cash Payments - Trends and Prospects

Author

Listed:
  • Imola Drigă

    (University of Petroşani, Romania)

  • Codruța Dura

    (University of Petroşani, Romania)

  • Loredana Cristea

    (University of Petroşani, Romania)

Abstract

For some time, cash is no longer the only method of payment for retail customers, alternative payment instruments like cards, direct debits or other means of making transactions being increasingly preferred by customers. Thus, the substitution of cash with noncash instruments and the role of paper-based and electronic payments have grown significantly lately. The purpose of this paper is to provide an overview on the latest developments in the use of non-cash instruments and issues related to recent innovations in retail payments.

Suggested Citation

  • Imola Drigă & Codruța Dura & Loredana Cristea, 2016. "Non-Cash Payments - Trends and Prospects," Annals of the University of Petrosani, Economics, University of Petrosani, Romania, vol. 16(2), pages 13-20.
    • Handle: RePEc:pet:annals:v:16:y:2016:i:2:p:13-20
    as

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    References listed on IDEAS

    as
    1. Ben Fung & Miguel Molico & Gerald Stuber, 2014. "Electronic Money and Payments: Recent Developments and Issues," Discussion Papers 14-2, Bank of Canada.
    2. Cronin, David & McGuinness, Anne, 2010. "Retail Payment Practices. How They Have Evolved in Recent Times and Where They Might Be Going," Quarterly Bulletin Articles, Central Bank of Ireland, pages 56-82, April.
    3. Łukasz Goczek & Bartosz Witkowski, 2015. "Determinants of non-cash payments," NBP Working Papers 196, Narodowy Bank Polski.
    4. Schmiedel, Heiko & Hasan, Iftekhar & De Renzis, Tania, 2013. "Retail payments and the real economy," Working Paper Series 1572, European Central Bank.
    Full references (including those not matched with items on IDEAS)

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    More about this item

    Keywords

    non-cash transactions; retail payments; card payments; direct debits; credit transfers;
    All these keywords.

    JEL classification:

    • G20 - Financial Economics - - Financial Institutions and Services - - - General
    • G21 - Financial Economics - - Financial Institutions and Services - - - Banks; Other Depository Institutions; Micro Finance Institutions; Mortgages

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