Print

Books

  • 03.03.2012

    Ukraine's Payments Market: International Framework and National Regulation"

    ISBN: 978-966-187-141-9

    Modern payment systems are undoubtedly an  important part of economic and financial infrastructure of any country. Efficient and safe payment systems are crucial for functioning of the economy and financial stability. In Ukraine over the last decade payment card infra-structure expanded very quickly and overtook a number of similar countries. Ukrainian cardholders increasingly move from ATMs to POSs in line with the experiences of the more developed markets. In this context functioning of payment industry in Ukraine, its regulation and the probable effects of recent legislative and regulatory initiatives deserve special attention.


    TABLE OF CONTENTS

    CHAPTER 1  MODERN PAYMENTS: INTERNATIONAL FRAMEWORK 10
      1.1 ASPECTS OF PAYMENTS SYSTEM DEVELOPMENT IN MODERN WORLD 10
        1.1.1 The global nature of the market: advantages and challenges 10
        1.1.2 The innovative nature of the market: advantages and challenges 11
        1.1.3 Payments as social phenomenon 13
      1.2 PAYMENT CARDS AND OTHER NON-CASH PAYMENT INSTRUMENTS: THE ECONOMIC ROLE 14
        1.2.1 Description/review of non-cash payment instruments 14
        1.2.2 Overview of the payment card market 23
        1.2.3 The advantages of non-cash payments: efficiency, speed, cost, control 26
        1.2.4 The development of e-commerce and payment systems 29
      1.3 PAYMENT INDUSTRY GOVERNANCE 33
        1.3.1 Payment networks as an example of multilateral market 33
        1.3.2 Governance principles established by international organizations 34
        1.3.3 The basic principles of national regulation: the role of separation of state and market 35
    CHAPTER 2  PAYMENTS INDUSTRY OF UKRAINE: THE SITUATION IN THE SECTOR AND CURRENT REGULATORY ISSUES 37
      2.1 DEVELOPMENT OF THE PAYMENT CARD MARKET 37
      2.2 REGULATION OF PAYMENTS INDUSTRY OF UKRAINE 45
      2.3 ANALYSIS OF RECENT LEGISLATIVE AND REGULATORY INITIATIVES 47
    CONCLUSIONS AND RECOMMENDATIONS: PROPOSALS FOR REGULATION 53
    Authors:  Kravchuk Vitaliy, '
Share:
Powered by

Activemedia
© 2020
The Institute
for Economic Research
and Policy Consulting
address:
Reytarska 8/5-,
01054 Kyiv, Ukraine
tel.:
+ 38 044 278-63-42
+ 38 044 278-63-60
fax:
e-mail:
+ 38 044 278-63-36
institute@ier.kyiv.ua
Use of site materials is allowed on condition of reference (for the internet publishing - links) on www.ier.com.ua