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Comparative Study of Bank Cards in Romania, Bulgaria and Hungary

Author

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  • Irena Munteanu

    (“Ovidius†University of Constanta, Faculty of Economic Siences, Romania)

Abstract

The digital age in which we live has brought changes to the financial and payments industry. Whereas until recently banknotes and coins were in power, in recent years electronic money has become the main player in payments. Due to political regimes up to the 1990s, Eastern European countries were late to access financial innovations. However, in recent years, the market for bank cards has been dynamic in this part of the EU as well. This paper analyses the types of cards present on the Hungarian, Bulgarian and Romanian markets. The comparative study of the evolution of the number of cards over a period of 7 years will show us which are the common and individual characteristics. The paper is relevant for analysts and the public because it also captures the period of the Covid 19 pandemic. At the end some directions for future studies are presented.

Suggested Citation

  • Irena Munteanu, 2022. "Comparative Study of Bank Cards in Romania, Bulgaria and Hungary," Ovidius University Annals, Economic Sciences Series, Ovidius University of Constantza, Faculty of Economic Sciences, vol. 0(2), pages 927-932, Decembrie.
  • Handle: RePEc:ovi:oviste:v:xxii:y:2022:i:2:p:927-932
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    File URL: https://stec.univ-ovidius.ro/html/anale/RO/2022-issue2/Section%205/16.pdf
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    References listed on IDEAS

    as
    1. Zsófia Pintér & Mónika Zita Nagy & Katalin Tóth & József Varga, 2022. "The Struggle between Cash and Electronic Payments," Economies, MDPI, vol. 10(12), pages 1-15, November.
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    More about this item

    Keywords

    credit card; debit card; electronic money;
    All these keywords.

    JEL classification:

    • E44 - Macroeconomics and Monetary Economics - - Money and Interest Rates - - - Financial Markets and the Macroeconomy
    • F10 - International Economics - - Trade - - - General
    • F19 - International Economics - - Trade - - - Other
    • F40 - International Economics - - Macroeconomic Aspects of International Trade and Finance - - - General
    • G20 - Financial Economics - - Financial Institutions and Services - - - General

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