Accounting aspects of the RunPay Moldova payment system

Abstract

In the modern world more and more people prefer electronic money and are trying to go cashless. With the evolution of technologies, in recent years, modern methods of settlement through electronic payment systems have begun to break through the market of the Republic of Moldova (with delay, compared to Western countries) and to be widely used. Settlers in this respect have been and are IT companies, which interact more intensively with business partners (suppliers and customers) abroad and already make extensive use of such electronic payment systems. Subsequently, electronic payment systems started to be used by companies operating in the retail sector. Such economic entities are becoming participants in a new form of trade, which has been growing in recent times and offers domestic traders and producers the opportunity to enter foreign markets more easily, quickly and efficiently. In this context, this article examines the issues related to accounting for the RunPay MDL payment system.