|Generate QR code
Open Access
Subscription Access
Financial technologies in the field of retail payments: Current trends and perspectives in EU and Russia
https://doi.org/10.32609/0042-8736-2018-3-48-63
Abstract
The article analyzes tendencies of national payment systems development in the European Union and Russia: electronic and deposit money, bank cards, financial technologies in the field of retail payments. The author identifies factors that stimulate the development of cashless retail payments and the national payment card systems in the European Union, as well as the problems and prospects of this sector forming in Russia. Recommendations on the development of a competitive environment and financial technologies in the field of retail payments in Russia are proposed.
References
1. ECB (2006). The Eurosystem’s view of a “SEPA for cards”. Frankfurt am Main: European Central Bank.
2. ECB (2017). Press release. Payments statistics for 2016. Frankfurt am Main: European Central Bank.
3. European Commission (2015). Survey on merchants’ costs of processing cash and card payments. Luxembourg: Publications Office of the European Union.
4. G4S (2016). Cash report 2016: Europe. Utrecht: G4S Cash Solutions.
5. Hayashi F. (2010). Public authority involvement in credit and debit card markets: Various countries. Kansas City, MO: Federal Reserve Bank of Kansas City.
6. LINK (2017). Annual report 2016. Harrogate: LINK Consumer Council.
7. McKinsey & Company (2016). McKinsey on payments. June.
8. Oliver Wyman (2016). European retail and SME payments. State of the industry. New York.
9. Ovum (2017). 2017 Global payments insight survey: Merchants and retailers. London etc.
10. PaymentsCM (2017). National payment systems in the open era. Whitepaper. October.
11. Schmiedel H., Kostova G., Ruttenberg W. (2012). The social and private costs of retail payment instruments - A European perspective. ECB Occasional Paper, No. 137.
12. Toynbee Hall (2014). How far is too far? Is there low income consumer detriment from gaps in free-to-use ATM provision? London.
Review
For citations:
Trofimov D.V. Financial technologies in the field of retail payments: Current trends and perspectives in EU and Russia. Voprosy Ekonomiki. 2018;(3):48-63. (In Russ.) https://doi.org/10.32609/0042-8736-2018-3-48-63
Views:
806
Email this article 
