Open AccessThe Impact of Non-Cash Payments in Economic Growth
Author(s) -
Ana Cîrlan
Publication year - 2021
Publication title -
economica: revistă ştiinţifico-didactică
Language(s) - English
Resource type - Journals
ISSN - 1810-9136
DOI - 10.53486/econ.2021.116.096
Subject(s) - payment , pace , transparency (behavior) , cash , context (archaeology) , goods and services , business , mobile payment , economics , finance , economy , computer science , computer security , paleontology , geodesy , biology , geography
The world of cashless payments is developing at an accelerated pace due to the emergence of innovative payment tools that allow the processing of transactions in real time. This is the result of decades of development and evolution, and changes in information technology have had an impact on all aspects of life, including methods of paying for goods and services. The analysis of the impact of cashless payments on economic growth is justified by the many benefits they bring. In this context, it is essential to emphasize the need to implement measures that would help promote cashless payments, which in turn will help streamline the functioning of several branches of the national economy thanks to the transparency they provide.