IDEAS home Printed from https://ideas.repec.org/a/khe/journl/v7y2015i3p228-238.html
   My bibliography  Save this article

Card Payments in Romania – a Slow Transition From Cash to Card

Author

Listed:
  • Mirela Catalina Turkes

    ()

Abstract

This article analyzes the evolution of the number and volume of transactions of payment with cards, the evolution of the value transactions at POS and cash withdrawals from ATMs, registered in Romania between 2009-2014. Aim of the study is to represent identification of the existing connection: A. between number of payments with cards and value payments with debit and credit cards; B. between value transactions at POSs with cards and number of POSs existing in the country; C. between value transactions of cash withdrawals from ATMs with cards and number of ATMs existing in the country, registered in period of 2009 -2014, by using the dispersion analysis (ANOVA) method .The results of this analysis showed that there is a strong link between all variables analyzed. The number of transactions of payment with cards has increased to 218.09 million RON in 2014. Although many Romanians use debit cards for making purchases, credit card transactions are increasing. However the value of cash payments remains considerably higher than the value of payments with debit and credit cards.

Suggested Citation

  • Mirela Catalina Turkes, 2015. "Card Payments in Romania – a Slow Transition From Cash to Card," Knowledge Horizons - Economics, Faculty of Finance, Banking and Accountancy Bucharest,"Dimitrie Cantemir" Christian University Bucharest, vol. 7(3), pages 228-238, September.
  • Handle: RePEc:khe:journl:v:7:y:2015:i:3:p:228-238
    as

    Download full text from publisher

    File URL: http://orizonturi.ucdc.ro/arhiva/khe-vol7-nr3-2015/Mirela_Turkes.pdf
    Download Restriction: no

    File URL: http://orizonturi.ucdc.ro/arhiva/khe-vol7-nr3-2015/Mirela_Turkes.pdf
    Download Restriction: no

    More about this item

    Keywords

    Payments with cards; POSs; ATMs; transactions at POSs; transactions of cash withdrawals from ATMs; ANOVA model;

    JEL classification:

    • M31 - Business Administration and Business Economics; Marketing; Accounting; Personnel Economics - - Marketing and Advertising - - - Marketing
    • M37 - Business Administration and Business Economics; Marketing; Accounting; Personnel Economics - - Marketing and Advertising - - - Advertising
    • G21 - Financial Economics - - Financial Institutions and Services - - - Banks; Other Depository Institutions; Micro Finance Institutions; Mortgages

    Statistics

    Access and download statistics

    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:khe:journl:v:7:y:2015:i:3:p:228-238. See general information about how to correct material in RePEc.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: (Adi Sava). General contact details of provider: http://edirc.repec.org/data/ffucdro.html .

    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.

    We have no references for this item. You can help adding them by using 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.

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

    IDEAS is a RePEc service hosted by the Research Division of the Federal Reserve Bank of St. Louis . RePEc uses bibliographic data supplied by the respective publishers.