TRENDS IN REDUCING CASH PAYMENTS/COLLECTIONS IN THE REPUBLIC OF MOLDOVA

The efforts of central banks in almost all countries aim at increasing the share of non-cash settlements using various payment instruments. The efficiency of all these actions is due to the existence of advanced technologies that ensure optimal and fast solutions for making cashless payments as well...

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Bibliographic Details
Published inEcoSoEn Vol. 2; no. 3-4; pp. 92 - 96
Main Authors Burlea, Ecaterina, Minzarari, Anatolie
Format Journal Article
LanguageEnglish
Published Universitatea Liberă Internațională din Moldova 2021
Free International University of Moldova
Subjects
Accounting - Business Administration
Economy
Financial Markets
payment instruments
POS terminals
cash
transaction
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Summary:The efforts of central banks in almost all countries aim at increasing the share of non-cash settlements using various payment instruments. The efficiency of all these actions is due to the existence of advanced technologies that ensure optimal and fast solutions for making cashless payments as well as the multiple benefits of reducing cash in the economy and boosting payments by bank transfer (increasing transparency of collections/payments, increasing productivity by making several payments in a short period of time; providing the convenience and security of payments; making remote payments, etc.).
ISSN:2587-344X