The interaction of SPFS and CIPS: as an indispensable condition for the expansion of the international payments system: historical analysis

Abstract

The relevance of the article is due to the high importance for any national economy of a financially stable and well-functioning banking sector, for which the banking payment system is a fundamental element that ensures the transfer of international financial information and the transfer of funds. In the course of the study, various methodological approaches were applied, providing an in-depth and objective analysis of the situation.