Development of payment infrastructure in context growth of cashless settlements in Ukraine

Svitlana Pyrih

E-Forum Working Papers, 2023, vol. 13, issue 4, 167-174

Abstract: The article summarizes the issue of payment infrastructure development in the context of the growth of cashless payments in Ukraine, which is one of the main elements of operations, regarding the transfer of monetary value in exchange for goods/services in non-cash form.The main purpose of the study is to assess the development of the payment infrastructure and the dependence of the growth of non-cash payments on the development of the payment infrastructure. Systematization of literary sources and approaches to problem solving shows that this process requires improvement of modern technologies and new habits.The urgency of solving this scientific problem is that the development of the payment infrastructure ensures economic activity, creating conditions for the movement of funds between participants in economic circulation and provides an opportunity to effectively use financial resources that affect the stability of the financial system, the cost of operations, the liquidity of the banking system and, in general, the effective operation of the economy. Research topic development of the payment infrastructure in the context of the growth of cashless payments in Ukraine is carried out in the following logical sequence: relevance is determined; the performance indicators of the payment infrastructure in Ukraine were evaluated; the value of the correlation coefficient and the closeness of the relationship between the number of non-cash transactions and the payment infrastructure were determined.The methodological tools of the research methods were the last few years of research. The object of the research ispaymenta infrastructure, what affects the dynamic development of non-cash payments in Ukraine.The article presents the results of the empirical analysis of the relationship growth payment infrastructure and the growth of non-cash payments. The study empirically confirms and theoretically proves that development of the payment infrastructure is a significant factor in the development potential of cashless payments in Ukraine. The results of the study can be useful for scientists and practitioners engaged in researching the development of cashless payments in Ukraine

Keywords: payment infrastructure; non-cash payments; payment systems; payment devices (search for similar items in EconPapers)
Date: 2023
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Persistent link: https://EconPapers.repec.org/RePEc:cuc:eforum:v:13:y:2023:i:4:p:167-174

DOI: 10.62763/cb/4.2023.167

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