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Finance and Credit
 

Evaluating the development of electronic payment means in Russia

Vol. 26, Iss. 6, JUNE 2020

Received: 20 April 2020

Received in revised form: 4 May 2020

Accepted: 18 May 2020

Available online: 29 June 2020

Subject Heading: Banking

JEL Classification: G21

Pages: 1264–1282

https://doi.org/10.24891/fc.26.6.1264

Kara-ool A.L. Novosibirsk State University of Economics and Management (NSUEM), Novosibirsk, Russian Federation
ayana-kara-ool@yandex.ru

https://orcid.org/0000-0002-6735-9320

Shmyreva A.I. Novosibirsk State University of Economics and Management (NSUEM) Novosibirsk, Russian Federation
a.i.shmyreva@edu.nsuem.ru

ORCID id: not available

Subject. The article presents the methodological approach to evaluating the development of electronic means of payment.
Objectives. We formulate the methodological approach to evaluating the development of electronic means of payment.
Methods. We apply methods of statistical analysis, abstraction, induction, analysis ans synthesis. The methodological and theoretical framework comprises proceedings of the Russian scholars on the theory and practice of cashless payments.
Results. The article sets forth the methodological approach to evaluating the development of electronic payment means. We devised metrics describing the development of electronic payment means. The findings are applied by the Ministry of Finance of the Tyva Republic, and the Department of the National Bank for the Tyva Republic – the Central Department of the Central Bank of the Russian Federation.
Conclusions and Relevance. The findings can serve for improving cashless payments at the regional level or nationwide. The conclusions and methodological approach are practicable for the theory of cashless payments and operations of national financial institutions.

Keywords: electronic payment, payment system, online banking, mobile banking, cashless payments

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