The Development of the National Payment Infrastructure in the Context of Digitalization
https://doi.org/10.26794/1999-849X-2025-18-5-51-59
Abstract
The purpose of the study is to analyze and determine the infrastructural role of state financial regulators in ensuring the development of the national payment system (hereinafter referred to as the NPS) in the context of digitalization. The object and subject of the study is the national payment system of Russia and the state financial instruments of its regulation. The research methodology was based on systemic, evolutionary and institutional approaches. As a result of the study, the main directions of evolution and improvement of regulation of the national payment system of Russia in order to ensure its development in the context of digitalization have been identified. Cross-border interaction has been analyzed when considering the infrastructural role of financial regulators and proposals have been developed for the development of NPS. The scientific novelty and significance of the research work carried out is to improve the regulatory aspects of the functioning of the NPS in the context of the digitalization of the economy. The results of the study can be useful for both specialized specialists and employees of regulatory and supervisory authorities.
Keywords
national payment system,
regulation,
cross-border settlements,
payment services,
payment infrastructure,
digitalization,
financial regulators
Supporting agencies: The article is based on the results of research carried out at the expense of budgetary funds under the state assignment of the Financial University under the Government of the Russian Federation. Financial University under the Government of the Russian Federation, Moscow, Russian Federation.
About the Authors
S. V. Krivoruchko
Financial University under the Government of the Russian Federation
Russian Federation
Russian Federation
Svetlana V. Krivoruchko – Dr. Sci. (Econ.), Prof., Prof of Department of Banking and Monetary Regulation,
Faculty of Finance, Senior Researcher, Institute of Financial Research, Faculty of Finance
Moscow
I. A. Rizvanova
Financial University under the Government of the Russian Federation
Russian Federation
Russian Federation
Irina A. Rizvanova – Cand. Sci. (Econ.), Senior Lecturer, Department of Banking and Monetary Regulation,
Faculty of Finance, Senior Researcher, Institute of Financial Research, Faculty of Finance
Moscow
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Review
For citations:
Krivoruchko S.V., Rizvanova I.A. The Development of the National Payment Infrastructure in the Context of Digitalization. Economics, taxes & law. 2025;18(5):51-59. (In Russ.) https://doi.org/10.26794/1999-849X-2025-18-5-51-59
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