THE SINGLE EURO PAYMENTS AREA - THE POTENTIAL OF CASHLESS PAYMENTS DEVELOPMENT IN ROMANIA

Abstract

The creation of the single euro payments area is the natural outcome of the creation of the monetary union and the single currency adoption. This large project that aimed at standardizing and harmonizing the payments instruments, the legal framework, the business rules, etc might represent an opportunity for developing cashless payments in Romania.

Keywords

• cashless payments
• payments instruments
• direct debit