Economy, finances, management: topical issues of science and practical activity

SCIENTIFIC JOURNALS OF VINNITSA NATIONAL AGRARIAN UNIVERSITY

Issue №: 7 (47)

Published: 2019.08.14

DOI: 10.37128/2411-4413-2019-7

Description:
The magazine deals with the problems of the agricultural sector of the economy in the context of integration and processes of globalization. Attention is paid to the issues of development of digital economy, rural territories, technologies of enterprise management and organization of accounting, problems of legal support of economic processes, market tendencies of development of various branches of economy. Particular attention is paid to green tourism as a promising segment of the national economy.

Read about journal

FUNCTIONING AND DEVELOPMENT OF PAYMENT SYSTEMS IN THE CONDITIONS OF DIGITAL TRANSFORMATIONS

DOI: 10.37128/2411-4413-2019-7-10

PDF Повернутись

YURCHUK Natalia – Candidate of Economic Sciences, Associate Professor of the Department of

Computer Science and Economic Cybernetics, Vinnytsia National Agrarian University (21008, 3.

Sonyachna str, Vinnytsia, е-mail: urnata@vsau.vin.ua).

Annotation

The article considers and analyzes the current state and main tendencies of development of payment

systems in the conditions of digitalization.

The essence is disclosed of such definition as: "payment system". Approaches to defining the

classification features of payment systems and the key elements of functioning payment systems are

considered. It is indicated that the National Bank of Ukraine is the national regulator of payment and

settlement systems in Ukraine. The National Bank of Ukraine is a payment organization and a settlement

bank for two state payment systems: the electronic payment system and the National Payment System

"Ukrainian Payment Space". To increase the reliability and efficiency of payment systems, the NBU

distinguishes them by the level of importance.

Current payment systems in Ukraine are analyzed. It is determined that there are 46 Ukrainian and

international payment systems in Ukraine, owned by banking and non-banking organizations, residents

and non-residents of Ukraine, among them one systemically important payment system of the NBU SEP,

six socially important payment systems, five important payment systems. Among the card payment systems,

there are two Ukrainian and four international.

Positive dynamics of growth in the volume of non-cash transactions, including contactless payments,

which corresponds to global trends, are revealed.

Innovative payment systems using mobile applications and API-access to payment services are

considered, electronic means of access such as mobile devices, mPOS-terminal, biometric data,

contactless technologies − NFC-technologies, QR-technology, NS-technologies are investigated.

The factors that influence the functioning of the national payment system are identified.

Measures are proposed for the development of payment systems, which will contribute to the

development of the economy as a result.

Keywords: payment system, electronic payment system, payment infrastructure, money transfer system, NFC-technologies, API-access, non-bank payment systems, payment innovations.

List of references

1. Kaletnik H., Kozlovs'kyj S. & Kozlovs'kyj V. (2012). Stijkist' ekonomiky iak faktor bezpeky ta

rozvytku derzhavy [Economic stability is a factor of security and development of the state]. Ekonomika

Ukrainy – Economy of Ukraine, 7, 16-25 [in Ukrainian].

2. Rozporiadzhennia Kabinetu ministriv Ukrainy Kontseptsiia rozvytku tsyfrovoi ekonomiky ta

suspil'stva Ukrainy na 2018-2020 roky ta zatverdzhennia planu zakhodiv schodo ii realizatsii: pryjniate 17

sich. 2018 roku. Retrieved from https://www.kmu.gov.ua/npas/pro-shvalennya-koncepciyi-rozvitku-cifrovoyi-ekonomiki-ta-suspilstva-ukrayini-na-20182020-roki-ta-zatverdzhennya-planu-zahodiv-shodo-yiyi-realizaciyi [in Ukrainian].

3. Azarova A.O. & Tesliuk O.V. (2017). Problemy rozvytku platizhnoi systemy Ukrainy ta shliakhy

ikh vyrishennia [Problems of development of the payment system of Ukraine and the ways of their

solution]. Visnyk Khmel'nyts'koho natsional'noho universytetu : Ekonomichni nauky – Herald of

Khmelnytskyi national university: Economic science, 1, 19-22 [in Ukrainian].

4. Bortnyk N. & Yesimov S. (2017). Struktura natsional'noi platizhnoi systemy Ukrainy [The

structure of the national system of Ukraine]. Visnyk Natsional'noho universytetu “L'vivs'ka politekhnika”.

Yurydychni nauky – Bulletin of Lviv Polytechnic National University. Law, 865, 177-183 [in Ukrainian].

5. Nazarenko V. (2017). Do pytannia vyznachennia poniattia “platizhna systema” v Ukraini [On the

issue of determining the concept of “payment system” in Ukraine]. Pidpryiemnytstvo, hospodarstvo i

pravo. Finansove pravo – Entrepreneurship, Economy and Law, 10, 151-155 [in Ukrainian].

6. Chernomor V. (2017). Teoretychni zasady, stan i praktyka rozvytku platizhnykh system v Ukraini

[Theoretical foundations, condition and practice of development of payment systems in Ukraine], Skhid –

East, 1, 32-37 [in Ukrainian].

7. Bondarenko L.P., Yaroshevych N.B. & Tarabinovych A.B. (2019). Praktyka vykorystannia

bezkontaktnykh platezhiv v Ukraini ta sviti [Practice of using contactless payments in Ukraine and the

world]. Efektyvna ekonomika – An efficient economy, 2. Retrieved from

http://www.economy.nayka.com.ua [in Ukrainian].

8. Mel'nyk O. I. & Bodnar O.A. (2018). Zaprovadzhennia finansovykh innovatsij u vitchyznianij

bankivs'kij praktytsi [Implementation of financial innovations in domestic banking practice], Modern

Economics, 8, 102-111 [in Ukrainian].

9. Zakon Ukrainy Pro platizhni systemy ta perekaz koshtiv v Ukraini: pryjniatyj 05 kvitn. 2001 roku

№ 2346-III [Law of Ukraine On Payment Systems and Funds Transfer in Ukraine from April 05, 2001, №

2346-III]. Retrieved from https://zakon.rada.gov.ua/laws/show/2346-14 [in Ukrainian].

10. Zakon Ukrainy Pro Natsional'nyj bank Ukrainy: pryjniatyj 20 travn. 1999 roku № 679-XIV [Law

of Ukraine On the National Bank of Ukraine: from May 20, 1999 No. 679-XIV]. Retrieved from

https://zakon.rada.gov.ua/laws/show/679-14 [in Ukrainian].

11. Sajt Natsional'noho banku Ukrainy [Site of the National Bank of Ukraine]. bank.gov.ua.

Retrieved from https://bank.gov.ua/ [in Ukrainian].

12. Sajt Natsional'noi platizhnoi systemy “Ukrains'kyj platizhnyj prostir” [Site of the National

Payment System “Ukrainian Payment Space”]. www.prostir.gov.ua. Retrieved from

http://www.prostir.gov.ua/ [in Ukrainian].

13. Bilyk O.I., Drebot N.N. Sovremennye tendencii innovacionnogo razvitija bankov Ukrainy

[Modern trends of innovative development of Ukrainian banks]. (n.d.). rep.polessu.by. Retrieved from

https://rep.polessu.by/bitstream/123456789/10223/1/2.pdf [in Ukrainian].

14. Scho take NFC i iak tse pratsiuie? [What is NFC and how does it work?]. (n.d.). blog.easypay.ua.

Retrieved from https://blog.easypay.ua/uk/shho-take-nfc-i-yak-tse-pratsyuye/ [in Ukrainian].

15. Sajt Mastercard v Ukraini. [Sajt Mastercard in Ukraine]. www.mastercard.ua. Retrieved from

https://www.mastercard.ua/ [in Ukrainian].

16. Torhovyj ekvajrynh: terminaly mPOS. [Trading Acquisition: mPOS terminals]. (n.d.).

bank.com.ua. Retrieved from https://bank.com.ua/mpos-terminal [in Ukrainian].

17. Preimushhestva QR- platezhej dlja biznesa. [Benefits of QR Payments for Business]. (n.d.). ain.ua.

Retrieved from https://ain.ua/2019/03/19/preimushhestva-qr- platezhej- dlya- biznesa/ [in Ukrainian].

All journal issues

About the journal

Topics of the journal:

С1 Economics and International Economic Relations (by specialization)

D1 Accounting and Taxation

D2 Finance, Banking, Insurance and Stock Market

D3 Management

D4 Public Management and Administration

D5 Marketing

D7 Trade

J3 Tourism and Recreation

Keywords: economics , international economic relations , accounting , taxation , finance , banking , insurance , stock market , management , public management and administration , marketing , trade , tourism and recreation

Key information:

ISSN (print): 2411-4413

DOI: 10.37128

All-Ukrainian scientific and production journal “Economics, finance, management: topical issues of science and practical activity” is a peer-reviewed open-access journal that publishes original research, theoretical articles and reviews on a wide range of economic and business issues. The articles, which have scientific and scientific-practical significance, highlight theoretical and methodological aspects of the development of agrarian sector of economy and related industries, the results of fundamental and applied research.

The purpose of the journal is to highlight the results of fundamental and applied research in the field of economic sciences, aimed at developing modern approaches to managing economic processes, financial support for enterprise activities and increasing the efficiency of economic systems. The publication is focused on creating a scientific environment for the exchange of research results between scientists, higher education students and practitioners in economic sphere, as well as on the dissemination of modern scientific and methodological approaches to solving current economic and management problems. The journal contributes to the development of the research in the field of enterprise economics, finance, accounting, auditing, management, marketing, entrepreneurship, trade, tourism and recreation, public management and administration, economic development and international economic relations, which meets the modern needs of the socio-economic development of the state.

The journal’s objectives are:

• publishing the results of fundamental and applied research in the fields of economics, international economic relations, finance, management, public administration, accounting, marketing, tourism and recreation, and entrepreneurship;

• promoting the development of modern methods of managing enterprises and organizations, increasing the efficiency of using financial and material resources;

• supporting the research aimed at improving the economic mechanisms of enterprise functioning, developing innovative activity, and increasing the competitiveness of economic structures;

• ensuring the scientific exchange of research results between higher education institutions, scientific institutions, and business entities;

• developing methods of economic analysis, forecasting, and modeling of socio-economic processes;

• disseminating of modern approaches to financial management, accounting, taxation, and control of economic activity;

• promoting the development of interdisciplinary research related to the economic support of the development of agrarian sector of economy and rural areas;

• integration of scientific research results into the international scientific space and increasing the level of scientific communication.

Publisher: Vinnytsia National Agrarian University

Link to the journal on the publisher’s website: ”Economics, finance, management: topical issues of science and practical activity”

Frequency of issue: 4 times a year.

Language of publication: Ukrainian, English.

Editor-in-Chief: Inna Honcharuk

State registration: Decision of the National Council of Ukraine on Television and Radio Broadcasting No. 1337 and No. 1178. Media identifier – R30-05171. Publisher registration number (EDRPOU) 00497236.

Publisher’s ROR: https://ror.org/05m3ysc06 Publisher’s DOI prefix: 10.37128 ISSN (print): 2411-4413

Publisher DOI prefix: 10.37128 ISSN (print): 2411-4413

The scientific journal is included in category "B" of the List of scientific professional publications of Ukraine, in which the results of dissertations for the degree of Doctor and Candidate of Sciences in the specialties C1 (051) - Economics, D1 (071) - Accounting and Taxation, D2 (072) – Finance, Banking, Insurance and Stock Market, D3 (073) – Management, D5 (075) – Marketing, D7 (076) – Entrepreneurship and Trade, (241) – Hotel and Restaurant Business, D4 (281) – Public Management and Administration (Order of the Ministry of Education and Science of Ukraine dated March 17, 2020 №409)

History of journal:

Founded in 1997 under the name ”Bulletin of Vinnytsia State Agricultural Institute”. In 2010-2014 it was published under the name “Collection of Scientific Papers of Vinnytsia National Agrarian University”. Since 2015 “Economics, finance, management: current issues of science and practical activity” (Certificate of State Registration of Mass Media No. 21154-10954 PR dated 12/31/2014).