ПРАВОВОЕ РЕГУЛИРОВАНИЕ ПЛАТЕЖНЫХ СИСТЕМ РОССИЙСКОЙ ФЕДЕРАЦИИ КАК ОСНОВЫ РАЗВИТИЯ РЫНКА ПЛАТЕЖНЫХ КАРТ

Payment card market in Russia: tendencies and prospects for development

Russia's financial market infrastructures have evolved rapidly in response to economic growth, technical innovation and regulatory initiatives. The development of the country's payment system requires a sound legal framework. The paper provides detailed overview of national payment system's legal framework and organizational governance in the Russian Federation. In conclusion key points and legal framework development forecasts are underlying.