Author(s): Kozunova O.M.

Rubric: Economy

DOI: 10.21777/2587-554X-2021-4-7-13

Release: 2021-4 (39)

Pages: 7-13

Keywords: economic security, electronic payment system, foreign trade, economic security threats, export, import, globalization, digital economy

Annotation: The purpose of the article is to identify the main directions of improving economic security in the field of payment systems functioning in the Russian Federation. The article reveals the main directions that contribute to international cooperation and highly effective provision of foreign economic activity in order to ensure economic security and the development of electronic technologies. Important areas of increasing economic security include the following: improving international trade security, ensuring electronic payment systems security from various threats, providing conditions for the implementation of foreign trade policy, production, industrial and economic priorities of the country, forming a system of foreign trade security in the digital economy. The author carries out a brief statistical data analysis characterizing the development of electronic payment systems and Russian foreign trade policy as well as its integration into the world economy. Innovative economic trends in the development of international relations have been identified, which have high demand and can provide an increase in trade turnover between countries, as well as inefficient areas of development of payment systems. In general, the issue of the national payment system development remains open, which affects trade policy and Russian exports. It should be noted that the increase in foreign trade turnover is not accompanied by a similar increase in capital injections and investments into the Russian economy, but is characterized mainly by capital flight. The author also considers various problems related to the impact of the pandemic on the development of electronic payment systems and economic security in the new conditions of international relations. The article concludes that the improvement of business and trade activity of our economy is possible only with the use of electronic payment systems that will help to reach new economic horizons.

Bibliography: Kozunova O.M. TOPICAL ISSUES OF ELECTRONIC PAYMENT ECONOMIC SECURITY // Economics and Management. – 2021. – № 4 (39). – С. 7-13. doi: 10.21777/2587-554X-2021-4-7-13

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