Factor Influencing to Users Acceptance of Digital Payment System

1 Lomonosov Moscow State University, Moscow, Russia The presented research reveals an approach to the construction of a legal mechanism for the functioning of payment systems. The proposed approach is based on the application of the principles of legal regulation. The purpose of a work is to determine the existing legal mechanism for the functioning of payment systems, identify its drawbacks and propose a new approach to legal regulation to ensure the proper functioning of payment systems. The proposed approach to legal regulation takes into account the specifics of the functioning of payment systems, which consists in the presence of three elements in its activities: institutional, procedural and organizational. These elements reflect the subject structure of the payment system, the process of providing money transfer services by them, and the ways in which payment system entities interact during providing payment services. Each of the elements must be defined within the legal framework of the payment system to ensure its proper functioning. The proposed principles of legal regulation take into account the features of these elements, in particular, the principles are classified into three groups, depending on the element they affect. The paper describes ways to implement the principles in the legal mechanism: the possibility of their direct application, depending on the type of significance of the payment system, is analyzed. It is also concluded that the implementation of the principles in the legal mechanism will reduce the regulatory burden on payment systems by using an approach depending on the level of significance of the payment system. The paper defines the role of the principles, which is that the principles allow to eliminate the legal gaps in the legislation on the national payment system, and prevent the emergence of new gaps.

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A Comparative Study on the Electronic Payment System between United States and Korea

International Commerce and Information Review ◽

10.15798/kaici.11.1.200903.27 ◽

2009 ◽

Vol 11 (1) ◽

pp. 27-43

Author(s):

이병렬

Keyword(s):

United States ◽

Comparative Study ◽

Payment System ◽

Electronic Payment ◽

Electronic Payment System

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Problems of Distance Banking Service under Modern Conditions of the Development of Payment System

OrelSIET Bulletin ◽

10.36683/2076-5347-2019-1-47-18-22 ◽

2019 ◽

pp. 18-22

Author(s):

L.A. Altynnikova ◽

I.V. Kuznetsova ◽

O.A. Stepanova ◽

M.E. Khanenko

Keyword(s):

Payment System ◽

Banking Service

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ANALYSIS OF THE SCO NATIONAL PAYMENT SYSTEMS AND PROPOSALS FOR OPTIMIZATION OF THE SETTLEMENTS IN SCO

EKONOMIKA I UPRAVLENIE: PROBLEMY, RESHENIYA ◽

10.36871/ek.up.p.r.2020.06.02.021 ◽

2020 ◽

Vol 2 (6) ◽

pp. 147-158

Author(s):

L. N. KRASAVINA ◽

◽

L. I. KHOMYAKOVA ◽

Keyword(s):

External Factor ◽

Digital Technologies ◽

Central Banks ◽

Payment System ◽

Payment Systems ◽

Shanghai Cooperation Organization ◽

Regional Features

The article discusses the features of the functioning of national payment systems of the countries of the Shanghai Cooperation Organization (SCO). The specifics of the payment systems of the SCO countries are revealed, the emphasis is placed on their regional features. The role of central banks in ensuring the stable and safe functioning of national payment systems is highlighted. The importance of the supervisory function of central banks in order to control the payment system operators of the SCO countries is emphasized. Forecasts of the development of remote and digital technologies in the payment sector are given taking into account the influence of a new external factor (pandemic).

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