THE ROLE OF DIGITAL PAYMENT SYSTEMS IN THE MODERN ECONOMY AND FINANCIAL SYSTEM
DOI:
https://doi.org/10.5281/Keywords:
digital payment systems, digital economy, electronic payments, financial inclusion, financial transparency, financial stability, fintech, mobile banking, electronic wallets, international financial system, digital transformation, international trade, investment, innovation, financial technologies.Abstract
This paper examines the role and significance of digital payment systems in the modern economy and financial system. It analyzes their economic essence and contribution to improving the efficiency of monetary circulation, enhancing financial transparency, promoting financial inclusion, and supporting the development of innovative financial services. The study also highlights the importance of digital payment systems in facilitating international trade, investment, and global financial integration. Based on the experience of developed countries, the paper identifies key directions for the further development of digital payment systems and emphasizes their strategic importance for strengthening the competitiveness, stability, and digital transformation of Uzbekistan's financial system.
References
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2. Law of the Republic of Uzbekistan No. ZRU-578. (2019). On Payments and Payment Systems. Tashkent, Uzbekistan.
3. President of the Republic of Uzbekistan. (2020). Decree No. UP-6079 "On the Approval of the Digital Uzbekistan–2030 Strategy and Measures for Its Effective Implementation". Tashkent, Uzbekistan.
4. Akbarov, A. A., & Aliyev, X. R. (2025). Formation and Development Dynamics of Digital Payment Infrastructure in Uzbekistan: Historical, Scientific and Market Analysis. Green Economy and Development Journal, 4(1), 35–42.
