Institutionalization of the payment environment of e-commerce in Russia

TL;DR

This paper examines the development and institutionalization of e-commerce payment systems in Russia, analyzing trends, challenges, and the potential for establishing an international financial center amid globalization.

Contribution

It provides an analysis of the development of payment institutions in Russia and discusses prospects for creating an international financial center based on e-commerce growth.

Findings

Analysis of payment system development trends in Russia

Discussion on the role of transboundary private payments

Prospects for establishing an international financial center

Abstract

Article about problems of Institutionalization of the payment environment of e-commerce. The author analyzes tendencies of development of payment institutes and prospect of creation of the International financial Centre in Russia on the basis of primary development of e-commerce in spheres B2C and C2C. The author proves, that in the conditions of globalization of the consumer markets the analysis of a role and a place of transboundary private payments in structure of National payment system of the Russian Federation become especially current.