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Institutional Base and Infrastructure Development for Non-Cash Payments in Azerbaijan

Author

Listed:
  • Murad Bakhshiyev
  • Vugar Babashli
  • Elsun Nabatov
  • Aisha Gadirova

Abstract

The main objective of the research is to determine the essence of non-cash payments, trends of its formation, and its influence on lasted development. The research is based on methods of comparative analysis and systematic approach. As a result of the study, it is defined that non-cash payments are turned to the productive and innovative factor of economic growth. It is registered that regulatory acts in non-cash payments will lead to positive changes in the future state of Azerbaijan and some suggestions about measures that can be embodied in this direction are given in the research. The study claims more extensive statistical information and it is within limitations of research. Scientific innovation and originality of the research are to investigate the essence of non-cash payments. The practical significance of the research is that suggestions that are put forward in research can be used in the development of state programs about cashless payments growth.

Suggested Citation

  • Murad Bakhshiyev & Vugar Babashli & Elsun Nabatov & Aisha Gadirova, 2020. "Institutional Base and Infrastructure Development for Non-Cash Payments in Azerbaijan," Academic Journal of Economic Studies, Faculty of Finance, Banking and Accountancy Bucharest,"Dimitrie Cantemir" Christian University Bucharest, vol. 6(2), pages 42-51, June.
    • Handle: RePEc:khe:scajes:v:6:y:2020:i:2:p:42-51
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    References listed on IDEAS

    as
    1. Marc Rysman, 2007. "An Empirical Analysis Of Payment Card Usage," Journal of Industrial Economics, Wiley Blackwell, vol. 55(1), pages 1-36, March.
    2. Fernando Alvarez & Francesco Lippi, 2009. "Financial Innovation and the Transactions Demand for Cash," Econometrica, Econometric Society, vol. 77(2), pages 363-402, March.
    3. Kahn, Charles M. & Roberds, William, 2009. "Why pay? An introduction to payments economics," Journal of Financial Intermediation, Elsevier, vol. 18(1), pages 1-23, January.
    4. 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.
    5. Hock-Han Tee & Hway-Boon Ong, 2016. "Cashless payment and economic growth," Financial Innovation, Springer;Southwestern University of Finance and Economics, vol. 2(1), pages 1-9, December.
    Full references (including those not matched with items on IDEAS)

    Citations

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    Cited by:

    1. Richard Haryson Sekeh & Itje Pangkey & Sisca Beatrix Kairupan, 2022. "Implementation of the Non-Cash Payment System Policy A Civil Servant in The Pandemic Era at Manado State University," Technium Social Sciences Journal, Technium Science, vol. 33(1), pages 28-41, July.

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    More about this item

    Keywords

    Cashless payment; POS-terminals; ATM; Debit cards; Credit cards; Non-Cash transactions;
    All these keywords.

    JEL classification:

    • E42 - Macroeconomics and Monetary Economics - - Money and Interest Rates - - - Monetary Sytsems; Standards; Regimes; Government and the Monetary System

    Statistics

    Access and download statistics

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