logo

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

space 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 journal

Topics of the journal:

051 Economics

071 Accounting and taxation

072 Finance, banking and insurance

073 Management

075 Marketing

076 Business, trade and exchange activities

241 Hotel, restaurant and catering 

281 Public administration

 

Key information:
ISSN (print): 2411-4413
DOI: 10.37128

The journal “Economy, finances, management: Topical issues of science and practice” is included in the "List of Scientific Professional Editions of Ukraine". 

The scientific edition is assigned the Category "Б" in the field of economics in specialties 051, 071, 072, 073, 075, 076, 241, 281

(Order of the Ministry of Education and Science of Ukraine No. 249, March 17, 2020).

The journal “Economy, finances, management: Topical issues of science and practice” has a Digital Object Identifier (DOI)

The journal “Economy, finances, management: Topical issues of science and practice” is indexed in such database as Index Copernicus Value (https://journals.indexcopernicus.com/search/form)

 

The editorial board of the journal is guided by the principles of scientific, objectivity, professionalism, informational support of the most significant innovative researches, observance of standards of publishing ethics.

The purpose of the journal "Economics, finances, management: Topical issues of science and practical activity» is the coverage of leading scientific ideas in the economic, financial and management activities of the sectors of the national economy and the involvement of representatives of the domestic and foreign scientific professional community.

 

Objectives of the journal:

  • publication of research findings on innovation in the economy, financial and management spheres, innovation of production processes;
  • expanding partnerships with international scientific publishing organizations;
  • enhancing the culture of reviewing and annotating published material;
  • adherence to editorial ethics.

 

Article publishing is a paid service. Cost for printing in professional publications in accordance with the Decree of the Cabinet of Ministers of Ukraine of August 27, 2010 No. 796 "On approval of the list of paid services that can be provided by state educational institutions, other institutions of the educational system belonging to state and communal ownership" and the order Rector of the Higher Education University Mazura VA dated March 14, 2018 No. 93 “On setting the cost of printing in professional editions of the University”.

The cost of printing one page in professional editions of the university is 60 UAH.

An additional copy of the magazine with the mailing list costs 250 UAH.

Recipient: Vinnytsia National Agrarian University MFO 820172 Current account No. 31256282102055 Code 00497236 Bank State Treasury Service of Ukraine, Kyiv. VAT payer code 004972302286. Registration number 100271744. Purpose of payment: for printing an article in the journal: ”Economy, finances, management: Topical issues of science and practical activity "

History of journal:

It was founded in 1997 under the name "Bulletin of the Vinnytsia State Agricultural Institute". In 2010-2014 he was published under the title “Collection of scientific works of Vinnitsa National Agrarian University”.

From 2015 ”Economy, finances, management: Topical issues of science and practical activity” (Certificate of State Registration of Mass Media No. 21154-10954 of PR as of December 31, 2014)

The journal is the successor to the edition ”Collection of Scientific Papers of Vinnytsia National Agrarian University. Series: Economic Sciences. "