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

Authors

  • Yuri N. Bazhenov North-West Institute of Management, Branch of RANEPA Автор
  • Svetlana T. Rumiantceva North-West Institute of Management, Branch of RANEPA Автор

DOI:

https://doi.org/10.22394/10.22394/1726-1139-2021-2-55-68

Keywords:

digital banking tools, cash payments, non-cash payments, acquiring, online cash register, fiscal storage, quick payment system, QR code, central bank

Abstract

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.

Published

2021-03-15

Issue

No. 2 (2021)

Section

Articles