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Evolution of the Electronic Payment Industry: Problems of a Qualitative Transition
[Эволюция Отрасли Электронных Платежей: Проблемы Качественного Перехода]

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  • Dostov, Viktor (Достов, Виктор)

    (Russian Presidential Academy of National Economy and Public Administration (RANEPA))

  • Shoust, Paul (Шуст, Пауль)

    (Russian Presidential Academy of National Economy and Public Administration (RANEPA))

Abstract

The purpose of this work was to conduct a preliminary analysis of the payment services market in the form in which it exists now. To achieve this goal, two groups of tasks were put in effect. First, the regulation of "traditional" business models is considered: their essence and regulation in Russia. Also the authors analyzed the reasons that led to the configuration of the market that developed in Russia by the middle of the 2010s. Secondly, attention was paid to some new technologies and business models, which now, to some extent, go beyond the regulatory perimeter: the services of information intermediation, crowdfunding, P2P lending.

Suggested Citation

  • Dostov, Viktor (Достов, Виктор) & Shoust, Paul (Шуст, Пауль), 2017. "Evolution of the Electronic Payment Industry: Problems of a Qualitative Transition [Эволюция Отрасли Электронных Платежей: Проблемы Качественного Перехода]," Working Papers 051713, Russian Presidential Academy of National Economy and Public Administration.
    • Handle: RePEc:rnp:wpaper:051713
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    References listed on IDEAS

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    1. Michal Polasik & Dariusz Piotrowski, 2016. "Payment innovations in Poland: a new approach of the banking sector to introducing payment solutions," Ekonomia i Prawo, Uniwersytet Mikolaja Kopernika, vol. 15(1), pages 103-131, March.
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