The emergence and development trends of electronic payment systems in the Republic of Moldova

The rapid development of Internet in the Republic of Moldova has enhanced the development of electronic payments since its inception in 2005. The development of these systems has been a significant over the past ten years. At present, Moldova has different means of payment for goods and services, such as bank cards, internet banking, online payments, and through different websites (PayPal, WebMoney and others). Considering all the benefits of electronic payments, as opposed to cash payments - safety, speed, convenience and security - only 30-35% of the population carries out such payments. Even bank cards, that offer the possibility of withdrawing cash and payment, are most often used to withdraw money. This trend will be maintained as long as the world realizes the benefits the electronic payments bring.