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Development of National Payment Systems as the Current Trend

Author

Listed:
  • Artur V. Glazunov

    (State Civil Service of the Russian Federation)

  • Kristina V. Shvandar

    (Financial Research Institute, Moscow 127006, Russia)

  • Anastasia A. Anisimova

    (Financial Research Institute, Moscow 127006, Russia)

Abstract

The article presents the most significant long-term trends in the use of payment instruments. It also shows a shift from cash to cashless payment methods — in particular, to the payment cards — for retail payments. Moreover, the article focuses on the latest trends in the area of the creation of national payment systems in developing countries designed to extend the use of the national currency, as well as to increase the access of national agents to non-cash instruments.

Suggested Citation

  • Artur V. Glazunov & Kristina V. Shvandar & Anastasia A. Anisimova, 2016. "Development of National Payment Systems as the Current Trend," Finansovyj žhurnal — Financial Journal, Financial Research Institute, Moscow 125375, Russia, issue 5, pages 94-102, October.
    • Handle: RePEc:fru:finjrn:160509:p:94-102
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    Citations

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    Cited by:

    1. Sergei V. Yakunin, 2019. "Domination of Banks With State Participation in Russia: Current Trends," Finansovyj žhurnal — Financial Journal, Financial Research Institute, Moscow 125375, Russia, issue 3, pages 64-74, June.
    2. Kristina V. Shvandar & Artur V. Glazunov, 2017. "National Currencies in Foreign Trade Transactions: International Experience and Results," Finansovyj žhurnal — Financial Journal, Financial Research Institute, Moscow 125375, Russia, issue 4, pages 122-135, August.

    More about this item

    Keywords

    debit cards; credit cards; non-cash payments; payment systems; retail payments;
    All these keywords.

    JEL classification:

    • E42 - Macroeconomics and Monetary Economics - - Money and Interest Rates - - - Monetary Sytsems; Standards; Regimes; Government and the Monetary System

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