Professional Documents
Culture Documents
Author:
ADAM Eugeniu
Scientific advisor:
Slide 2:
The main objective of the research is to show the importance of the development of the
electronic payments not only in the Republic of Moldova but also in the world as a whole. It is also
necessary to reflect the role of bank cards in the electronic system of payments, to determine their
influence on the world electronic commerce and find the best way of their development in our country.
Slide 3:
to determine the place of the electronic payments in the world commerce, their
classification, modern forms and both positive and negative features of their
development;
To assume a bank cards as the main means of electronic payments, to reflect its
importance in the modern society;
to analyze the development of electronic payments system in the Republic of Moldova,
to find the ways of improvement of this system and implementation of bank cards in the
lives of our citizens.
Slide 4:
.
The bank card is a personalized payment instrument that gives the user the right to pay for
goods and services, without using cash as well as the reception of cash at the banks windows, or in bank
machines.
During the last two decades many cards have been introduced to the banking market, having
different characteristics, abilities and way of being used. The most important and widely used are the
following: credoit cards, atm card, debit card, smart card+ short description
Slide 6:
credit cards- bank cards for which the following scheme for the settlement of accounts are
used. The client gets from the bank certain credits, without using the discount from his account.
The credit limit is set up individually, depending on the clients solvency;
debit cards- are bank cards through which the customer deposits financial means on the cards
account in the process of the cards usage, he or she has the right to make use of balance from
the cards account;
the Charge card- is a card that the following scheme for settlements is used: the client is given a
credit limit and it must be repaid at the end of the settling up period (usually monthly).
*To make payment by credit in commercial network the customer must present the card. If the
sum of money to be taken is not very large, the customer must not present any other
documents. But if the sum of money is too large, the cashier can request an identification
document.
Slide 7:
Cardholder: the one client of the banking system who is aiming at:
convenience and safety (i.e. non carrying amounts of cash to pay any unexpected or scheduled
payments);
availability of credit facility, which is unsecured and for which usually no big procedure is
required to obtain;
delaying payments and extending payments when needed (taking also advantage of the various
related payment programs);
ease of record keeping (since the statement of the account shows all movements).
Merchant: the other client of the banking system who is aiming at:
increased sales (by having each of his customers able to spend as much as he wants up to his
limits, by presenting the credit card);
service to customers who need credit in order to spent;
reduced exposure of accepting non-sufficient (NSF) cheques and
safety against robberies (as compared to cash sales).
Banks: (including the issuing banks and the merchant banks) aiming at:
Slide 8:
Actually, the main transactions that can be effected by using the bank cards are the following:
Actually all commercial banks of Moldova have different tariffs and commissions, but they all
have some common features.
the safety
the convenience + short description
the flexibility
Slide 10:
The number of cards35 in circulation decreased at the end of 2015 by 0.9 percent compared to
the end of 2014, accounting for 1 290 164 unities.
The decrease was determined by the withdrawal from circulation of a significant number (324
983 unities) of cards issued by the banks, the licences of which have been withdrawn in the third quarter
of 2015.
Slide 11:
Numrul operaiunilor efectuate cu cardurile de
plat emise n RM, anii 2005-2015
25,000,000 80.0%
20,000,000 60.0% retrageri de numerar
15,000,000 40.0%
20.0%
10,000,000 0.0% pli fr numerar
5,000,000 -20.0%
0 -40.0% rata de cretere
retrageri de numerar
The number of operations performed with payment cards issued in the Republic of Moldova.
the number of active cards of total payment cards issued in the Republic of Moldova changed
insignificantly, decreasing only by 1.4 percent compared to the end of 2014 and accounted for 60.7
percent of total number of payment cards in circulation in the Republic of Moldova (783 523 unities).
During 2015, there were carried out both in country as well as abroad 28.97 million of
operations with payment cards issued by the payment service providers of the Republic of Moldova,
amounting to MDL 35.4 billion, increasing by 12.0 percent by number and 22.1 percent by value
compared to 2014. The cashless payments performed with cards issued in the Republic of Moldova held
a share of 31.2 percent by number (25.4 percent for 2014) and of 13.1 percent by value (12.0 percent
for 2014). The upward trend is positive and these indicators reflect the further use of payment cards
mainly for cash withdrawals.
Slide 12:
Slide 13:
80%
70% retrageri de numerar
897,825
60%
1,117,872 pli fr numerar cu
50%
prezena fizic a
40% cardului
The number of operations with cards issued in the Republic of Moldova and made abroad during
2015 recorded an increase of 30.5 percent compared to 2014. The cashless payments represent 94.0
percent (92.0 percent in 2014) of total number of operations performed abroad (2 779 309 operations),
increasing by 33.4 percent compared to 2014. It should be mentioned that the cashless payments made
without cards represent 61.7 percent of total number of operations performed abroad (56.5 percent in
2014) and the cashless payments made with cards represent 32.3 percent (35.5 percent in 2014).
These figures show that more than half of operations performed abroad with the cards issued in
the Republic of Moldova are "on-line" shopping.
Slide14:
The development indicators if cards market in the Republic of Moldova
The basic indicator applied to assess the situation of payment card fraud is the share of the total
amount of fraud committed in the total value of transactions with payment cards issued by local
licensed banks conducted both at home and abroad. In the Republic of Moldova, this indicator
amounted to 0.0071 percent for 2014 and 0.012 percent for 2015, which is below the European level.
Slide 15:
Slide 16:
In the first chapter we described the electronic payment system in general as a cellule of modern
society, its traditional forms, risks and advantages, and trends in its dynamical development.
In the second chapter we showed the real importance of bank cards, their characteristics,
classification, transactions that can be effected by their means. We indicated the main guarantees and
risks associated with utilization of bank cards, the role of bank cards in the international system of
payments where we mentioned two international payments systems VISA and MasterCard, showed the
international practice of using debit and credit cards, their advantages and disadvantages.
The third chapter is completely consecrated to the development of bank card market in the Republic
of Moldova. We showed the legal framework of electronic payments, reflected the diversification of
bank cards and showed their advantages in national marketplace. We reflected the offer of the bank
cards in the national market provided by Victoriabank which is the First Bank of Moldova, the variety of
services provided and innovations implemented