IDEAS home Printed from https://ideas.repec.org/a/vrs/poicbe/v14y2020i1p273-281n26.html
   My bibliography  Save this article

The fintech ecosystem in Romania

Author

Listed:
  • Bălţoi Ion-Costel-Marius

    (Bucharest University of Economic Studies, Bucharest, Romania)

Abstract

Increasing the rate of use of mobile devices and the Internet, as well as the development of new technologies, is rapidly impacting the financial market and electronic payments, in particular. Thus, Romania has become one of the countries in which the users have a lot of variants for managing individual funds, purchasing goods and services through digital channels. Also, we can say that Romania represents at regional level one of the countries with growth potential both due to the size of the market, as well as the innovation potential of entrepreneurs and big companies / financial institutions. The purpose of the present research is to carry out an analysis on electronic payments in Romania, of the way in which fintech applications develop and of the environment in which they operate. To this end, a qualitative research will be carried out by studying the available scientific resources that address the topic of fintech applications, specialized articles that address the topic of electronic payments, as well as the features that fintech applications offer to users. The first part will present an introduction and a statistical analysis of the data regarding fintech applications and market dimensions. Next, the article proposes for research the fintech ecosystem in Romania from the point of view of the Romanian fintech services and a SWOT analysis of the Romanian market will be performed.

Suggested Citation

  • Bălţoi Ion-Costel-Marius, 2020. "The fintech ecosystem in Romania," Proceedings of the International Conference on Business Excellence, Sciendo, vol. 14(1), pages 273-281, July.
    • Handle: RePEc:vrs:poicbe:v:14:y:2020:i:1:p:273-281:n:26
    DOI: 10.2478/picbe-2020-0026
    as

    Download full text from publisher

    File URL: https://doi.org/10.2478/picbe-2020-0026
    Download Restriction: no
    File URL: https://libkey.io/10.2478/picbe-2020-0026?utm_source=ideas
    LibKey link: if access is restricted and if your library uses this service, LibKey will redirect you to where you can use your library subscription to access this item
    ---><---

    References listed on IDEAS

    as
    1. Ion MICU & Alexandra MICU, 2016. "Financial Technology (Fintech) And Its Implementation On The Romanian Non-Banking Capital Market," SEA - Practical Application of Science, Romanian Foundation for Business Intelligence, Editorial Department, issue 11, pages 379-384, July.
    2. Otilia MANTA, 2018. "Financial Technologies (Fintech), Instruments, Mechanisms And Financial Products," Internal Auditing and Risk Management, Athenaeum University of Bucharest, vol. 52(4), pages 78-102, December.
    3. Anil Savio Kavuri & Alistair Milne, 2019. "FinTech and the future of financial services: What are the research gaps?," CAMA Working Papers 2019-18, Centre for Applied Macroeconomic Analysis, Crawford School of Public Policy, The Australian National University.
    Full references (including those not matched with items on IDEAS)

    Most related items

    These are the items that most often cite the same works as this one and are cited by the same works as this one.
    1. Polasik, Michał & Huterska, Agnieszka & Iftikhar, Rehan & Mikula, Štěpán, 2020. "The impact of Payment Services Directive 2 on the PayTech sector development in Europe," Journal of Economic Behavior & Organization, Elsevier, vol. 178(C), pages 385-401.
    2. Joanna Błach & Monika Klimontowicz, 2021. "The Determinants of PayTech’s Success in the Mobile Payment Market—The Case of BLIK," JRFM, MDPI, vol. 14(9), pages 1-23, September.
    3. Małgorzata Hałasik-Kozajda & Martyna Olbryś, 2020. "Analiza ewolucji i struktury sektora fintech," Bank i Kredyt, Narodowy Bank Polski, vol. 51(5), pages 549-586.
    4. Sharina Tajul Urus & Intan Salwani Mohamed, 2021. "A Flourishing Fintech Ecosystem: Conceptualization and Governing Issues in Malaysia," Business and Economic Research, Macrothink Institute, vol. 11(3), pages 106-131, December.
    5. Yong Jae Shin & Yongrok Choi, 2019. "Feasibility of the Fintech Industry as an Innovation Platform for Sustainable Economic Growth in Korea," Sustainability, MDPI, vol. 11(19), pages 1-21, September.
    6. Albulena SHALA & Rezearta PERRI, 2022. "Regulatory barriers for fintech companies in Central and Eastern Europe," Eastern Journal of European Studies, Centre for European Studies, Alexandru Ioan Cuza University, vol. 13, pages 292-316, December.
    7. Austin, Rebekah E. & Dunham, Lee M., 2022. "Do FinTech acquisitions improve the operating performance or risk profiles of acquiring firms?," Journal of Economics and Business, Elsevier, vol. 121(C).
    8. Juma Buhimila Mabula & Han Dong Ping & Moshi James, 2023. "The Impact of African Firms’ Utilization of Financial and Technology Resource on Innovation: A Simple Mediation," SAGE Open, , vol. 13(1), pages 21582440231, February.
    9. Dakshitha N. Jinasena & Konstantina Spanaki & Thanos Papadopoulos & Maria E. Balta, 2023. "Success and Failure Retrospectives of FinTech Projects: A Case Study Approach," Information Systems Frontiers, Springer, vol. 25(1), pages 259-274, February.
    10. Hayder M. Kareem Al Duhaidahawi & Jing Zhang & Mustafa S. Abdulreza & Meriem Sebai & Sinan Abdullah Harjan, 2020. "The Financial Technology (Fintech) and cybersecurity: Evidence from Iraqi banks," International Journal of Research in Business and Social Science (2147-4478), Center for the Strategic Studies in Business and Finance, vol. 9(6), pages 123-133, October.
    11. William Gaviyau & Athenia Bongani Sibindi, 2023. "Global Anti-Money Laundering and Combating Terrorism Financing Regulatory Framework: A Critique," JRFM, MDPI, vol. 16(7), pages 1-21, June.
    12. Yi Sun & Shihui Li & Rui Wang, 2023. "Fintech: from budding to explosion - an overview of the current state of research," Review of Managerial Science, Springer, vol. 17(3), pages 715-755, April.
    13. Simona Andreea Apostu & Mirela Panait & Làszló Vasa & Constanta Mihaescu & Zbyslaw Dobrowolski, 2022. "NFTs and Cryptocurrencies—The Metamorphosis of the Economy under the Sign of Blockchain: A Time Series Approach," Mathematics, MDPI, vol. 10(17), pages 1-13, September.

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:vrs:poicbe:v:14:y:2020:i:1:p:273-281:n:26. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    If CitEc recognized a bibliographic reference but did not link an item in RePEc to it, you can help with this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Peter Golla (email available below). General contact details of provider: https://www.sciendo.com .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.