It is proposed to create a National Payment System, which will allow on a qualitatively new level to solve two important tasks: strengthening the role of the state as the controller of the national currency turnover and overcoming corruption and shadow economy.The main idea of this new concept...

A long-standing process to harmonise national rules on the transfer of funds has been underway at European Union level since the nineteen-eighties. This process aims to improve the proper functioning of the internal market for domestic and cross-border payment transactions, and is performed...

Recent years have witnessed the emergence and rapid growth of a large, diverse, and constantly evolving shadow payment system. The shadow payment platforms (SPPs) that populate this system perform many of the same core payment functions as conventional deposit-taking banks: including custody,...