Open AccessMARKET OF PAYMENT CARDS: STATE, PROBLEMS AND PROSPECTS FOR DEVELOPMENT IN UKRAINE
Author(s) -
Igor Legkostup,
Olha Vaganowa
Publication year - 2019
Publication title -
naukovij vìsnik černìvecʹkogo unìversitetu. èkonomika
Language(s) - English
Resource type - Journals
eISSN - 2519-4372
pISSN - 2519-240X
DOI - 10.31861/ecovis/2019-809-9
Subject(s) - payment , settlement (finance) , business , payment service provider , position (finance) , distribution (mathematics) , payment card , order (exchange) , commerce , finance , mathematical analysis , mathematics
The purpose of the research work is to conduct a scientific analysis of the payment cards market in Ukraine, as well as to find ways to improve it using foreign experience.The urgency of the research topic is conditioned by the significant growth of the role of cashless payments at the present stage of the formation and development of the Ukrainian economy. Formation of a market economy, improvement of technical means of payments, growth of volumes of domestic and foreign economic operations of Ukraine with other countries, cause a large distribution of cashless payments, replacement of traditional payment instruments with new ones, rapid development and improvement of the payment card market.Using non-cash payments leads to acceleration of settlement operations and cash flow. Also, formation of a market economy, improvement of technical means of payments, growth of volumes of domestic and foreign economic operations of Ukraine with other countries, cause a large distribution of cashless payments, replacement of traditional payment instruments with new, rapid development and improvement of the payment cards market.Therefore, the use of technologies encourages banks to expand the range of services provided by them, improve their quality, increase the level of accessibility, reliability and convenience for customers, and, accordingly, is one of the strategic factors for strengthening the competitive position in the market of banking services of the country.