Журнал Viche 2012 №17

№17, 2012

New adventures of Electronic. Real money is being replacing by virtual

The rapid development of the payment systems’ market leads to increase of demand for payments via the Internet. More often banks prefer credit cards with a chip, trying to reconstruct its infrastructure for smart cards (with the help of which such services as bonus, social, transport, insurance, medical and other are introduced). Does this mean that the entire transition to noncash electronic money is not far off?

As early as June 2012 the National Bank of Ukraine (NBU) has submitted draft № 10656: “On amendments to some legislative acts of Ukraine (concerning the functioning of the payment systems and the development of the non-cash payments)” to the Parliament of Ukraine. On July, 4, 2012 it was adopted in the first reading, and in the autumn it can become the law.