Розвиток електронних грошей в Україні
This article explores the development of electronic money in Ukraine as an essential component of the country’s digital transformation in the financial sector. The study aims to provide both a theoretical foundation and a practical analysis of the current state of electronic money and to formulate...
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| Date: | 2025 |
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| Main Authors: | , |
| Format: | Article |
| Language: | Ukrainian |
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Odesa National University of Technology
2025
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| Online Access: | //journals.ontu.edu.ua/index.php/fie/article/view/3168 |
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| Journal Title: | Food Industry Economics |
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Food Industry Economics| id |
oai:ojs.pkp.sfu.ca:article-3168 |
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Food Industry Economics |
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2025-08-04T10:31:06Z |
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| language |
Ukrainian |
| format |
Article |
| author |
Євтушевська, Ольга Марковська, Ольга |
| spellingShingle |
Євтушевська, Ольга Марковська, Ольга Розвиток електронних грошей в Україні |
| author_facet |
Євтушевська, Ольга Марковська, Ольга |
| author_sort |
Євтушевська, Ольга |
| title |
Розвиток електронних грошей в Україні |
| title_short |
Розвиток електронних грошей в Україні |
| title_full |
Розвиток електронних грошей в Україні |
| title_fullStr |
Розвиток електронних грошей в Україні |
| title_full_unstemmed |
Розвиток електронних грошей в Україні |
| title_sort |
розвиток електронних грошей в україні |
| title_alt |
Development of electronic money in Ukraine |
| description |
This article explores the development of electronic money in Ukraine as an essential component of the country’s digital transformation in the financial sector. The study aims to provide both a theoretical foundation and a practical analysis of the current state of electronic money and to formulate evidence-based recommendations for improving its implementation and regulation. The research investigates the historical stages of the emergence and evolution of digital payment systems and offers a detailed classification of electronic money based on storage technology, type of carrier, degree of user anonymity, and transaction volume.
A key focus is placed on the legal framework governing electronic money circulation in Ukraine. The analysis is based on the provisions of the new Law of Ukraine "On Payment Services" (entered into force in 2023), which aligns national regulation with EU standards, particularly the PSD2 Directive.
Methodologically, the research is grounded in a comparative analysis of regulatory practices and market data. It examines statistical indicators such as the number and volume of cashless transactions, the popularity of payment platforms (e.g., Privat24, Monobank, Google Pay), and the increasing dominance of card-based and contactless payments. Special attention is given to the growing relevance of cybersecurity, with a review of threats like phishing, malware, and social engineering targeting financial institutions. The author discusses the implementation of protection mechanisms such as multi-factor authentication, encryption, and national cybersecurity centers.
In addition, the paper touches on the legal status of cryptocurrencies in Ukraine. While not considered electronic money per se, crypto assets are gradually being integrated into national legislation, guided by the principles of the EU MiCA regulation. The article also addresses the National Bank of Ukraine’s pilot project for the development of a central bank digital currency (CBDC) — the digital hryvnia — which is expected to serve as a secure and efficient payment method for both retail and institutional use.
The scientific novelty of this work lies in its comprehensive, multidisciplinary approach that considers not only financial, legal, and technological dimensions, but also the socio-economic implications of digital finance. Its practical significance is evident in the formulation of policy proposals aimed at strengthening public trust in electronic money, improving regulatory transparency, and enhancing Ukraine’s integration into the European digital financial space.
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| publisher |
Odesa National University of Technology |
| publishDate |
2025 |
| url |
//journals.ontu.edu.ua/index.php/fie/article/view/3168 |
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2025-09-24T17:26:03Z |
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2025-09-24T17:26:03Z |
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oai:ojs.pkp.sfu.ca:article-31682025-08-04T10:31:06Z Development of electronic money in Ukraine Розвиток електронних грошей в Україні Євтушевська, Ольга Марковська, Ольга This article explores the development of electronic money in Ukraine as an essential component of the country’s digital transformation in the financial sector. The study aims to provide both a theoretical foundation and a practical analysis of the current state of electronic money and to formulate evidence-based recommendations for improving its implementation and regulation. The research investigates the historical stages of the emergence and evolution of digital payment systems and offers a detailed classification of electronic money based on storage technology, type of carrier, degree of user anonymity, and transaction volume. A key focus is placed on the legal framework governing electronic money circulation in Ukraine. The analysis is based on the provisions of the new Law of Ukraine "On Payment Services" (entered into force in 2023), which aligns national regulation with EU standards, particularly the PSD2 Directive. Methodologically, the research is grounded in a comparative analysis of regulatory practices and market data. It examines statistical indicators such as the number and volume of cashless transactions, the popularity of payment platforms (e.g., Privat24, Monobank, Google Pay), and the increasing dominance of card-based and contactless payments. Special attention is given to the growing relevance of cybersecurity, with a review of threats like phishing, malware, and social engineering targeting financial institutions. The author discusses the implementation of protection mechanisms such as multi-factor authentication, encryption, and national cybersecurity centers. In addition, the paper touches on the legal status of cryptocurrencies in Ukraine. While not considered electronic money per se, crypto assets are gradually being integrated into national legislation, guided by the principles of the EU MiCA regulation. The article also addresses the National Bank of Ukraine’s pilot project for the development of a central bank digital currency (CBDC) — the digital hryvnia — which is expected to serve as a secure and efficient payment method for both retail and institutional use. The scientific novelty of this work lies in its comprehensive, multidisciplinary approach that considers not only financial, legal, and technological dimensions, but also the socio-economic implications of digital finance. Its practical significance is evident in the formulation of policy proposals aimed at strengthening public trust in electronic money, improving regulatory transparency, and enhancing Ukraine’s integration into the European digital financial space. У статті досліджено процес розвитку електронних грошей в Україні як складової цифрової трансформації фінансової системи. Метою дослідження є теоретичне обґрунтування та практичний аналіз сучасного стану електронних грошей, а також формування рекомендацій щодо підвищення ефективності їх впровадження. У роботі охарактеризовано історичні етапи становлення електронних платіжних засобів, а також здійснено класифікацію електронних грошей за типом носія, технологією зберігання, рівнем анонімності та розміром транзакцій. Дослідження базується як на аналізі законодавчої бази, так і на фактичних даних щодо поширення електронних платіжних систем в Україні. Наводяться приклади провідних учасників ринку, динаміка безготівкових операцій та окреслюються ризики кіберзагроз. Окремо розглядається статус криптовалют, з урахуванням чинного українського законодавства та тенденцій у ЄС. Практичне значення роботи полягає у формулюванні пропозицій щодо посилення довіри до цифрових фінансових інструментів, покращення систем захисту даних та сприяння інтеграції України у європейську фінансову екосистему. Odesa National University of Technology 2025-07-15 Article Article application/pdf //journals.ontu.edu.ua/index.php/fie/article/view/3168 10.15673/fie.v17i2.3168 Food Industry Economics; Vol 17 No 2 (2025): FOOD INDUSTRY ECONOMICS; 49-57 Food Industry Economics; Том 17 № 2 (2025): ЕКОНОМІКА ХАРЧОВОЇ ПРОМИСЛОВОСТІ; 49-57 Food Industry Economics; Том 17 № 2 (2025): ЕКОНОМІКА ХАРЧОВОЇ ПРОМИСЛОВОСТІ; 49-57 2312-847X 2411-4111 10.15673/fie.v17i2 uk //journals.ontu.edu.ua/index.php/fie/article/view/3168/3412 Авторське право (c) 2025 Food Industry Economics |