Adaptation of foreign practices of regulation of national payment systems in the context of expansion of the perimeter of the payment market

The objective of the study is to develop proposals for improving the regulation of the national payment system (hereinafter referred to as NPS) of the Russian Federation (hereinafter referred to as RF) in order to ensure its development in modern conditions based on the adaptation of advanced foreign practices in the payment sphere. To achieve this goal, the following tasks were set: study of advanced foreign practices in regulating NPS in the context of digitalization; determination of the perimeters of payment markets taking into account the regulation of new types of payment service providers and increasing the level of competition; determination of infrastructure features in foreign practice in the context of ensuring the development of NPS; development of a map of regulatory trends in the functioning of the NPS of the RF. The theoretical basis of the study is the scientific works of scientists on the problems of development of regulatory frameworks for NPS. The sources of information were information and analytical materials, as well as empirical data from open sources. The research methodology was based on the use of systemic, evolutionary and institutional approaches, as well as the method of stepwise assessment based on the analysis of directions, models and approaches to the development of regulation in the NPS. The significance of the conducted research work consists in improving the regulatory aspects of the functioning of NPS in the context of digitalization. The main results of the work are systematization of advanced foreign practices for regulating NPS; development of proposals for the development of regulation in the context of expanding the perimeter of the payment market; development of directions for improving the development of regulation of the payment market in the context of increasing competition in the payment services market.

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