Dynamics of development of the payment system of Russia and the social aspect of its functioning
The article deals with the development of the Russian payment system, the level of availability of payment services for individuals, as well as the current state and degree of development of the payment infrastructure. The analysis allows us to conclude about a significant increase in the number of devices related to the payment infrastructure, as well as a change in their composition for the performed functionality. There is a positive trend in the part of open accounts of individuals with access via the Internet. However, the growth rate of Internet availability is ahead of the development of payment services, which indicates the insufficient level of financial literacy of a wide range of persons who are potential consumers of payment systems. Also, there is a significant share of inactive accounts of individuals opened in credit institutions, although recently there has been a positive trend in this issue. The insufficiently high level of payment culture is affected, which is reflected in the nature of the transactions, the vast majority of which are aimed at obtaining funds from ATMs and terminals with the function of issuing cash. Despite the increase in the share of transactions for payment of goods and services in the total volume of transactions, they are still insignificant in terms of amounts, as evidenced by the results of the presented analysis. However, a positive trend emerging in recent years suggests that there is active development of this segment contributing to the growth of competition between players leads to an increase in the quality of services, decreasing costs for consumers.