DOI: 10.33917/mic-3.110.2023.24-28

A modern model of money turnover associated with the use of electronic payments and payment systems of various levels is considered. The analysis of the statistical data of the Central Bank of Russia is carried out, the indicators of the popularity of electronic payment means in the Russian Federation for 2010-2022 are compared, the historical aspect of the development of public relations related to money circulation, in which cash prevailed, is touched upon. The prerequisites for the transition of the economy to non-cash means of payment and the role of electronic money in the modern life of people are revealed. The definition of the payment system, its main components, as well as the types of payment systems depending on the level of coverage are revealed, the relationship and interdependence of the development of the national payment system and the security of the country’s money circulation and the financial independence of the state are analyzed.

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Currently, the issue of mobile payments application while forming the independent national payment system is one of the most urgent. Since the transition to mobile payment systems in Russia, as well as introduction of security systems against their break-in require certain costs, in the current economic conditions credit institutions should have sufficiently serious motivation for the new systems introduction. While business revenues are going down, increased spending for new systems introduction may seem irrational strategy. However, the positive side of mobile payments is that they will allow to reduce capital expenditures, taking into account that introduction technologies have been already developed, they should not be re-created. Further widespread use of mobile payments is inseparably connected with ensuring the required security level. The article examines the main threats that consumers could face while paying for goods and services via mobile phone.