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Foreign Experience of Development of Cashless Payment System: Practice and Results

Author

Listed:
  • Kristina V. Shvandar

    (Financial Research Institute, Moscow, Russia)

  • Anastasiya A. Anisimova

    (Financial Research Institute, Moscow, Russia)

Abstract

The main causes and effects of establishing the maximum amount of cash settlements between individuals, individual entrepreneurs and legal entities in different countries are discussed in the article. Main attention is paid to the impact of such restrictions for the promotion non-cash payments in the economy, the reduction of the share of shadow economy and impact on increasing of the fiscal income of the budget. The author draws a conclusion about the positive impact of restrictions on the development of the cashless payments national system.

Suggested Citation

  • Kristina V. Shvandar & Anastasiya A. Anisimova, 2015. "Foreign Experience of Development of Cashless Payment System: Practice and Results," Finansovyj žhurnal — Financial Journal, Financial Research Institute, Moscow 125375, Russia, issue 1, pages 91-98, February.
    • Handle: RePEc:fru:finjrn:150110:p:91-98
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    Cited by:

    1. Alexey V. Maslov & Yulia A. Maklakova, 2020. "Merchant Acquiring Technology and Problems of Its Regulation in Russia," Finansovyj žhurnal — Financial Journal, Financial Research Institute, Moscow 125375, Russia, issue 5, pages 75-85, October.

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