Non-cash payment - a stringent necessity in pandemic conditions

Abstract

Following the latest events in the world, it is definitely sure that the Covid-19 pandemic will drastically change the way people behave both socially and economically. Given the conditions in which we were forced to live, we understood how important it is to be "connected" to non-cash payment instruments. At the moment, it is necessary to “financially educate” the population in this field as soon as possible, while the development of the payment system in the Republic of Moldova and the modernization of payment services, which would meet the needs of individual and corporate consumers, must become a strategic priority. The purpose of this article is to analyse the concept of non-cash payment by identifying the advantages, studying the international experience, as well as the current situation in the Republic of Moldova. In the research process, such scientific methods were applied as: systemic approach, analysis and synthesis, deduction, logical analysis, critical analysis of materials, monographic analysis, comparative analysis, etc. The results of the study consisted in identifying both the advantages and disadvantages of these payment instruments, at the same time, the authors performed an analysis showing that the cap on cash payments imposed (there is a law project to be discussed in the Parliament of Moldova) is not a method of stimulation, but on the contrary there is a risk of obtaining an adverse effect.