System of non-cash settlements in retail payments in the Republic of Belarus: state of art and development trends
The article is devoted to the current state of the non-cash settlements system for retail payments in the Republic of Belarus. The author presents an analysis of the development of the market of bank payment cards, electronic money, and systems of remote banking services in the country. The author identifies challenging issues, the solution of which will make it possible to develop the system of non-cash settlements for retail payments in a proactive way. The article also highlights some initiatives and innovations of the National Bank in the indicated direction.