The Development of the National Payment Infrastructure in the Context of Digitalization

The purpose of the study is to analyze and determine the infrastructural role of state financial regulators in ensuring the development of the national payment system (hereinafter referred to as the NPS) in the context of digitalization. The object and subject of the study is the national payment system of Russia and the state financial instruments of its regulation. The research methodology was based on systemic, evolutionary and institutional approaches. As a result of the study, the main directions of evolution and improvement of regulation of the national payment system of Russia in order to ensure its development in the context of digitalization have been identified. Cross-border interaction has been analyzed when considering the infrastructural role of financial regulators and proposals have been developed for the development of NPS. The scientific novelty and significance of the research work carried out is to improve the regulatory aspects of the functioning of the NPS in the context of the digitalization of the economy. The results of the study can be useful for both specialized specialists and employees of regulatory and supervisory authorities.