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

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

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.

About the Authors

Yuri N. Bazhenov
North-West Institute of Management, Branch of RANEPA

Associate Professor of the Chair of Economics, PhD in Economics

St. Petersburg



Svetlana T. Rumiantceva
North-West Institute of Management, Branch of RANEPA
Russian Federation

Senior Lecturer of the Chair of Economics

St. Petersburg



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Review

For citations:


Bazhenov Yu.N., Rumiantceva S.T. The Influence of the Digitalization of the Banking System on the Transformation of Cash and Money Circulation in the Russian Federation. Administrative Consulting. 2021;(2):55-68. (In Russ.) https://doi.org/10.22394/10.22394/1726-1139-2021-2-55-68

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ISSN 1726-1139 (Print)
ISSN 1816-8590 (Online)