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The Influence of the Digitalization of the Banking System on the Transformation of Cash and Money Circulation in the Russian Federation

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  • Yuri N. Bazhenov
  • Svetlana T. Rumiantceva

Abstract

The purpose: to investigate the impact of digital technologies in the banking sector on the transformation of cash circulation in the Russian Federation.Methods: comparative-statistical, system, expert-analytical.Results: the reasons that determine the possibilities for expanding the use of non-cash payments are noted, the advantages of non-cash payments and QR payments are determined.Conclusions: the author substantiates the development and implementation of the digital economy and its impact on the control of cash flows of all counterparties of the financial system.

Suggested Citation

  • Yuri N. Bazhenov & Svetlana T. Rumiantceva, 2021. "The Influence of the Digitalization of the Banking System on the Transformation of Cash and Money Circulation in the Russian Federation," Administrative Consulting, Russian Presidential Academy of National Economy and Public Administration. North-West Institute of Management., issue 2.
    • Handle: RePEc:acf:journl:y:2021:id:1507
    DOI: 10.22394/10.22394/1726-1139-2021-2-55-68
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