The Impact of Digital Technologies on the Development of Payment Services

The article reveals the system of functioning of payment services as a financial institution, the emergence and development of which is due to scientific and technical progress at the present stage of development and considering the impact of globalization. This tool occupies an increasingly high sh...

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Main Author: A. Y. Chentsov
Format: Article
Language:Russian
Published: Ministry of Education of the Republic of Belarus, Establishment The Main Information and Analytical Center 2020-10-01
Series:Цифровая трансформация
Subjects:
Online Access:https://dt.bsuir.by/jour/article/view/546
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author A. Y. Chentsov
author_facet A. Y. Chentsov
author_sort A. Y. Chentsov
collection DOAJ
description The article reveals the system of functioning of payment services as a financial institution, the emergence and development of which is due to scientific and technical progress at the present stage of development and considering the impact of globalization. This tool occupies an increasingly high share of the financial sphere, but due to the novelty of electronic systems, this topic is currently little studied. The article considers the latest developments that allow you to make instant payments conveniently and safely. The problems and ways of protecting user identification, data privacy and money safety when using electronic payment services are investigated. The study revealed that, along with innovative global developments, to strengthen the electronic payment system, it is necessary to implement common international standards for combating cybercrime.
format Article
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institution Kabale University
issn 2522-9613
2524-2822
language Russian
publishDate 2020-10-01
publisher Ministry of Education of the Republic of Belarus, Establishment The Main Information and Analytical Center
record_format Article
series Цифровая трансформация
spelling doaj-art-163b1086354349b387cb9a185ba1ff622025-02-03T11:26:34ZrusMinistry of Education of the Republic of Belarus, Establishment The Main Information and Analytical CenterЦифровая трансформация2522-96132524-28222020-10-0103515710.38086/2522-9613-2020-3-51-57189The Impact of Digital Technologies on the Development of Payment ServicesA. Y. Chentsov0Research Economic Institute of the Ministry of Economy of the Republic of BelarusThe article reveals the system of functioning of payment services as a financial institution, the emergence and development of which is due to scientific and technical progress at the present stage of development and considering the impact of globalization. This tool occupies an increasingly high share of the financial sphere, but due to the novelty of electronic systems, this topic is currently little studied. The article considers the latest developments that allow you to make instant payments conveniently and safely. The problems and ways of protecting user identification, data privacy and money safety when using electronic payment services are investigated. The study revealed that, along with innovative global developments, to strengthen the electronic payment system, it is necessary to implement common international standards for combating cybercrime.https://dt.bsuir.by/jour/article/view/546electronic moneypayment systemsmoney transactionsadvanced technologiessecurity
spellingShingle A. Y. Chentsov
The Impact of Digital Technologies on the Development of Payment Services
Цифровая трансформация
electronic money
payment systems
money transactions
advanced technologies
security
title The Impact of Digital Technologies on the Development of Payment Services
title_full The Impact of Digital Technologies on the Development of Payment Services
title_fullStr The Impact of Digital Technologies on the Development of Payment Services
title_full_unstemmed The Impact of Digital Technologies on the Development of Payment Services
title_short The Impact of Digital Technologies on the Development of Payment Services
title_sort impact of digital technologies on the development of payment services
topic electronic money
payment systems
money transactions
advanced technologies
security
url https://dt.bsuir.by/jour/article/view/546
work_keys_str_mv AT aychentsov theimpactofdigitaltechnologiesonthedevelopmentofpaymentservices
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