On the development dynamics of payment system operations using electronic money
https://doi.org/10.35854/1998-1627-2022-7-646-654
Abstract
Aim. The presented study aims to analyze the development dynamics of payment system operations using electronic money (e-money).
Tasks. The authors analyze the main indicators of the development of payment systems using e-money; calculate the concentration coefficient and the Herfindahl–Hirschman index; determine the degree of competition between e-money operators.
Methods. This study analyzes financial statements and statistics available on the Bank of Russia website and uses the methods of scientific inference, comparison, abstraction, mathematical and static analysis.
Results. On the basis of statistics, the authors analyze the development dynamics of payment system operations using electronic money and calculate the market concentration coefficient and the Herfindahl–Hirschman index, which show a low degree of competition between e-money operators.
Conclusions. The results of the study make it obvious that the development dynamics of payment systems using e-money in recent years has been unstable according to many indicators. That said, “the amount of operations using electronic means of payment to transfer e-money” shows stable growth, which is a positive sign. The calculated concentration coefficient and Herfindahl–Hirschman index indicate a low level of competition between e-money operators. Despite this, e-money has prospects for development.
About the Author
F. I. Aminova
St. Petersburg State Marine Technical University
Russian Federation
Russian Federation
Firuza I. Aminova, PhD in Economics, Associate Professor
Department of Economics of the Shipbuilding Industry
190121
3 Lotsmanskaya str.
St. Petersburg
References
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Review
For citations:
Aminova F.I. On the development dynamics of payment system operations using electronic money. Economics and Management. 2022;28(7):646-654. (In Russ.) https://doi.org/10.35854/1998-1627-2022-7-646-654
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