THE IMPACT OF NON-CASH PAYMENTS IN ECONOMIC GROWTH

Abstract

The world of cashless payments is developing at an accelerated pace due to the emergence of innovative payment tools that allow the processing of transactions in real time. This is the result of decades of development and evolution, and changes in information technology have had an impact on all aspects of life, including methods of paying for goods and services. The analysis of the impact of cashless payments on economic growth is justified by the many benefits they bring. In this context, it is essential to emphasize the need to implement measures that would help promote cashless payments, which in turn will help streamline the functioning of several branches of the national economy thanks to the transparency they provide.

Keywords

• non-cash payments
• gross domestic product
• economic growth
• payment methods
• electronic payments