Issues on Diffusion of Digital Payment Innovations in Agribusiness in Russia

DOI

10.2991/agrosmart-18.2018.71How to use a DOI?

Keywords

agricultural territories, agribusiness, payment systems, payment infrastructure, payment services, digital economy

Abstract

The article states that to achieve the advanced development in agrarian sector and to ensure food sovereignty of Russia it is required to introduce a digital economy model. Diffusion of financial digital innovations into agriculture can occur through industrial adaptation of platforms and technologies, on the basis of which general and specific competencies are formed to develop payment and adjacent markets. The identified tendencies indicate towards the reduction in physical presence of banks and other financial institutions located in the peripheral territories relating to the federal center that could be agents of digital innovations in agribusiness sector. The applicability of new technologies (cloud technologies, big data, artificial intelligence and robotics, open interfaces (API), biometrics, distributed registries, mobile contactless technologies) used by representatives of agribusiness is considered. It is proposed to develop the regional banking sector and the regional payment infrastructure that create conditions not only for leveling the economic development of the regions, but also making it possible to increase the availability to innovative financial technologies that can be used in agribusiness and in other traditional industries. We propose the measures of territorial diversification to make payments and of the infrastructure development and of the diffusion of digital payment innovations used in agriculture.

Copyright

© 2018, the Authors. Published by Atlantis Press.

Open Access

This is an open access article distributed under the CC BY-NC license (http://creativecommons.org/licenses/by-nc/4.0/).

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TY  - CONF
AU  - Olga Korobeynikova
AU  - Dmitry Korobeynikov
AU  - Tatiana Dugina
PY  - 2018/12
DA  - 2018/12
TI  - Issues on Diffusion of Digital Payment Innovations in Agribusiness in Russia
BT  - International scientific and practical conference "AgroSMART - Smart solutions for agriculture" (AgroSMART 2018)
PB  - Atlantis Press
SP  - 378
EP  - 382
SN  - 2352-5401
UR  - https://doi.org/10.2991/agrosmart-18.2018.71
DO  - 10.2991/agrosmart-18.2018.71
ID  - Korobeynikova2018/12
ER  -