CURRENT STATE AND DEVELOPMENT PROSPECTS OF CASHLESS PAYMENTS IN UKRAINE

Authors

  • Z.M. Rudenko Lviv educational and scientific institute Banking University, Ministry of education and science of Ukraine, Department of Banking, Т. Shevchenko boulevard, 9, Lviv, 79005

DOI:

https://doi.org/10.15330/apred.1.13.16-24

Keywords:

cashless payments, remote and traditional banking services, internet banking, payment cards, payment infrastructure

Abstract

In Ukraine financial sector reform, whose main objective is to reduce cash and expanse cashless payment amount by using modern remote channels, is conducted.

The article discusses the theoretical foundations providing of traditional and remote banking services and  their main features. Among distance services provided by banking institutions in Ukraine main advantage belongs to Internet banking. Internet banking services were classified on main and additional. The infrastructure of cashless payments in Ukraine and other countries, including the number of ATMs and POS-terminals, the number of cardholders and member banks of card payment systems and banks, with the largest number of issued payment cards in Ukraine, were analyzed. Separately, in the article the remote customer service channels Privatbank and Oschadbank with help leading place in the market system Privat24 and Oschad24 were analyzed. Recommendations for expansion of volume of banks cashless services were given.

Author Biography

Z.M. Rudenko, Lviv educational and scientific institute Banking University, Ministry of education and science of Ukraine, Department of Banking, Т. Shevchenko boulevard, 9, Lviv, 79005

Ph.D (Econ.),  associate professor

References

1. “Complex program of development financial to the sector of Ukraine 2020. Resolution of Rule of the National bank of Ukraine on June18,2015 № 391.” The National bank of Ukraine official website, www.nbuv.gov.ua/old_jrn/Soc_Gum/VUABS/2010_2/29_03_09.pdf. Accessed 20 Feb. 2017.
2. Shaluga,T. “Development of the controlled from distancebank services as index of modernisation of elements of thenational banking system.” The National bank of Ukraine official website, www.nbuv.gov.ua/old_jrn/Soc_Gum/VUABS/2010_2/29_03_09.pdf. Accessed 20 Feb. 2017.
3. Ohiienko, V.I., Luniakov, O.V., and O.Yu. Lisniak. “Online Banking as a perspective direction of development of the financial services market.” Efektyvna ekonomika, vol. 6, 2012, www.economy.nayka.com.ua/?op=1&z=1217. Accessed 24 July 2015.
4. Cashless of economy. А9. Conception of project is the National bank of Ukraine, 2016, The National bank of Ukraine official website, bank.gov.ua/control/uk/publish. Accessed 20 Feb. 2017.
5. “The National bank of Ukraine marks the stable increase ofamount and volumes of сashless settlements in Ukraine. Press-release.” The National bank of Ukraine official website, bank.gov.ua/control/uk/publish/printable_article;jsessionid=124E2FE9BB8128AAA86968EB24A3B5D7?art_id=31075398&showTitle=true. Accessed 20 Feb. 2017.
6. “Report on the operation of payment system and money transfers in Ukreine. 2015.” The National bank of Ukraine official website, bank.gov.ua/control/uk/publish/printable_article;jsessionid=124E2FE9BB8128AAA86968EB24A3B5D7?art_id=31075398&showTitle=true. Accessed 20 Feb. 2017.
7. “Internet banking: Oschadbank and Privat.” Wikipedia, uk.wikipedia.org/wiki/. Accessed 20 Feb. 2017.
8. Batrakova T.I., and A.V. Polovaia. “The modern state of cash circulation and issue of cashless payments in Ukraine.” Young Scientist, no. 2 (29), Feb. 2016, molodyvcheny.in.ua/files/journal/2016/2/2.pdf. Accessed 20 Feb. 2017.

Downloads

Published

2017-04-25

How to Cite

Rudenko, . Z. (2017). CURRENT STATE AND DEVELOPMENT PROSPECTS OF CASHLESS PAYMENTS IN UKRAINE. The Actual Problems of Regional Economy Development, 1(13), 16–24. https://doi.org/10.15330/apred.1.13.16-24

Issue

Vol. 1 No. 13 (2017): THE ACTUAL PROBLEMS OF REGIONAL ECONOMY DEVELOPMENT"

Section

Development of financial-credit and insurance market of Ukraine

License

Authors who publish in this journal agree to the following terms:

  • Authors retain copyright of their work.
  • Authors grant the journal the right of first publication.
  • The published article is simultaneously licensed under CC BY 4.0.
  • Authors may enter into separate, non-exclusive agreements for the distribution of the published version of the work (e.g., institutional repositories, academic networks, inclusion in books), provided that the original publication in this journal is properly acknowledged.
  • Authors are permitted and encouraged to post their work online (preprints) before and during the submission process.