Non–cash payments in international business between Russia and China
https://doi.org/10.24182/2073-6258-2022-21-1-57-60
Abstract
Innovation is the first driver of development. The integration of the payment industry and mobile operations, the Internet, e–commerce, and other industries has created new opportunities for innovation and the development of payment services. Banking financial institutions, being the main part of the payment services market, assume the role of the main provider of non>cash payment services. The integration of non–cash payment instruments and bank management functions continues to deepen, and industry applications are becoming more mature. Through cooperation and exchange between China and Russia, as well as the development of the cultural economy, tourism, trade and other areas, Russia has adopted such Chinese non–cash payment methods as Alipay, WeChat and UnionPay. This has played an active role in improving the diversification of the transaction channels of two peoples, as well as in personalization and simplification of payment instruments, and it is very consistent with the requirements of convenience and efficiency of modern payments.
Supporting agencies: The study was carried out with the financial support of the Russian Foundation for Basic Research within the scientific project № 20-010-00616.
About the Authors
F. F. Sharipov
The State University of Management
Russian Federation
Russian Federation
Cand. Sci. (Econ.), Assoc. Prof.
Moscow
Man Xu
The State University of Management
Russian Federation
Russian Federation
Postgraduate student
Moscow
References
1. Dyakonova M.A., Larin K.E., Kochelaeva E.D., Osipov S.S. Cross-border e-commerce as a factor in the development of international business. In the collection: Lviv Readings – 2019. Collection of Articles of the VII All-Russian Scientific Conference. Under the scientific edition of G.B. Kleiner. 2019. Pp. 109–111.
2. Lomakin, N.I., Samorodova, I.A. Efficiency of remote banking services to clients / N.I. Lomakin, I.A. Samorodova. Terra Economicus. 2009. V. 2-2. Pp.183–186.
3. Najdyonova D.A., Dyakonova M.A. The main strategies of motivation in the business environment. In the collection: Reforms in Russia and problems of management – 2019. Materials of the 34th All-Russian Scientific Conference of Young Scientists. 2019. P. 347–350.
4. Sharipov F.F., Dyakonova M.A. Prospects for the development of cross-border electronic commerce between the Russian Federation and the People’s Republic of China. Entrepreneur’s Guide. 2021. V. 14. No 3. Pp. 18–28.
5. Sharipov F.F. Some of the results and prospects of the scientific and technological development of the PRC. Scientific Notes of the Russian Academy of Entrepreneurship. 2021. V. 20. No 3. Pp. 44–51.
6. AliPay payment system overview / https://fitnessbraslet.com/nfc/obzor-platyozhnoj-sistemy-alipay.html.
7. JSC Commercial Bank «Solidarity». https:/solid.ru.
8. JSC «Solidarity» first issued credit card UnionPay / http://www.unionpayintl.com/cn/mediaCenter/newsCenter/marketUpdate/6805.shtml.
9. UnionPay International cooperates with the Russian Solidarity Bank and Huawei to further promote contactless payments in Russia / http://www.unionpayintl.com/cn/mediaCenter/newsCenter/marketUpdate/7260.shtm.
10. Bank «Solidarity» will help Russia to establish economic relations with China /https://plus.rbc.ru/news/5dfc641a7a8aa9fb3fa963e5?utm_source=yxnews&utm_medium=desktop&utm_referrer=https%3A%2F%2Fyandex.ua%2Fnews.
Review
For citations:
Sharipov F.F., Xu M. Non–cash payments in international business between Russia and China. Scientific notes of the Russian academy of entrepreneurship. 2022;21(1):57-60. (In Russ.) https://doi.org/10.24182/2073-6258-2022-21-1-57-60
Views:
257
Email this article 
