Features And Prospects Of The Digital Payments Market Development

Mosakova Elizaveta A. Shmeleva Maiia A.

Abstract. Today we live in a world of technology and innovation. They are increasingly penetrating into the most diverse areas of our lives. The economic sphere was no exception. One of the most promising financial instruments today is the Central Bank’s digital currencies. Their implementation makes it possible to speed up, reduce the cost and secure transactions while ensuring their transparency. The use of central securities in international settlements is also beneficial, especially in modern conditions of Western sanctions pressure, when the need to find alternatives has intensified. However, for the full implementation of the Central Bank’s digital currencies into the international financial structure, it is necessary to establish cooperation between countries in the context of the multi-level development of the Central Bank and direct common efforts to create a single digital platform.
In the course of the work, empirical (comparison, as well as observation) and theoretical (analogy, modeling, comparison) methods of work were used.
The overview of the level of development of central securities of different countries (in particular, the EAEU and BRICS member countries) has revealed the most promising areas for the regulated development of the digital currency market, which include cooperation and modernization and optimization of existing institutions under the conditions necessary to scale the system of international transactions using digital currencies of the Central Bank.
Key words: digital currency, digitalization, digital economy, global economy, digital ruble, digital yuan.