Scenarios of digital innovation of the payment market in Russia

Abstract

In order to ensure national sovereignty and global competitiveness on the basis of non-resource development, it is necessary to form a model of the digital economy and its diffusion into all spheres of Russian society. It is noted that in the financial sphere the provision of innovative digital infrastructure is much higher than in other areas. The current state of the payment market in Russia is characterized by high susceptibility to innovation, its subjects implement part of the tasks of the digital economy, which allows us to consider the national payment system and the subjects of the payment market as one of the points of implementation, transmission and acceleration of digital innovation in the economy. On the basis of the statement of tasks of the digital economy for the payment sphere, three scenarios of development are considered: conservative, innovative and forced. The innovative scenario assumes the activation of investments in the expansion and integration of payment systems and payment services that serve the sources of economic growth in the sectors of high-tech industries. The forced scenario is characterized by accelerated economic growth and includes a set of measures to create a digital financial ecosystem that combines markets and industries on the basis of innovative platforms and standardized technologies of payment systems. Realization of the accelerated scenario is presented in three stages: inclusion of consumers of payment services to all sectors of the economy and stakeholders of the payments market in the digital economy with the transition of payment systems and payment services digital technical and technological standards; the formation of new segments of the payment market and the corresponding competencies; formation of a unified digital environment, which is provided by the institutional and infrastructural measures. The proposed approaches to the implementation of the forced scenario of innovating the payment market correspond to the priorities and forecasts of long-term socio-economic development of Russia. Keywords— digital economy, innovations, scenario forecasting, payment market, payment systems, payment infrastructure, payment services