NO-CASH PAYMENTS IN ROMANIA AND EU AREA

Abstract

In this paper we present the non-cash payment methods used in Romania against other European Union countries to stress the main differences of the latest developments in this specific area since the crisis errupted up to present. In Romania, the most common payment method is transfer credit, because of its simplicity and because it is less risky than the other non-cash payment methods, while in EU direct debit and credit cards are more common. However, the value per transaction for any type of non-cash instruments (except for cheques) is smaller in Romania than in other EU countries.

Keywords

• non-cash payment instruments
• Romania