Digitalization of Finances Instrument of Current Challenges at the Payment System

17 Pages Posted: 12 Feb 2020

Date Written: January 22, 2020

Abstract

Currently both in the field of finance, but especially in the payment system we are witnessing permanent challenges, given on the one hand by the technological solutions existing at the global level, and on the other hand as a result of the optimization of the processes at local level, respectively at the level of the final beneficiary. of the financial service. With this in mind, it is natural for us researchers to focus on the optimal model of innovation of the finance system, namely online/cash payments in the context of digitization. Therefore, as part of this paper, we propose on the one hand to present the determined factors in the digitization of finance, and on the other hand to present possible means of balancing the distribution of financial services to final consumers, based on existing initiatives at European level, especially at the level of the banking, online and non-banking payments system.

Keywords: Digitization of Finance, Financial Instruments, Payment System

JEL Classification: O33, G23, G35

Suggested Citation

Manta, Otilia, Digitalization of Finances Instrument of Current Challenges at the Payment System (January 22, 2020). Available at SSRN: https://ssrn.com/abstract=3523827 or http://dx.doi.org/10.2139/ssrn.3523827

Otilia Manta (Contact Author)

Romanian Academy ( email )

Calea 13 Septembrie, nr. 13
Bucharest, 050718
Romania

HOME PAGE: http://https://www.researchgate.net/profile/Otilia_Manta

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