The Influence of the Digitalization of the Banking System on the Transformation of Cash and Money Circulation in the Russian Federation

• Main Authors: Yuri N. Bazhenov, Svetlana T. Rumiantceva
• Format: Article
• Language: English
• Published: North-West institute of management of the Russian Presidential Academy of National Economy and Public Administration 2021-05-01
• Series: Управленческое консультирование
• Subjects: инструменты цифрофизации банковской сферы; наличные платежи; безналичные расчеты; эквайринг; онлайн-касса; фискальный накопитель; система быстрых платежей; qr-код; центральный банк
• Online Access: https://www.acjournal.ru/jour/article/view/1507
• ISSN: 1726-1139; 1816-8590

The purpose: to investigate the impact of digital technologies in the banking sector on the transformation of cash circulation in the Russian Federation.Methods: comparative-statistical, system, expert-analytical.Results: the reasons that determine the possibilities for expanding the use of non-cash payments are noted, the advantages of non-cash payments and QR payments are determined.Conclusions: the author substantiates the development and implementation of the digital economy and its impact on the control of cash flows of all counterparties of the financial system.