Cash-out in trade and service networks: advantages and prospects in Russia
- 10.2991/iscde-19.2019.78How to use a DOI?
- trade and service enterprises; cashless payments; "cash purchase", payment system; acquiring interchange; ATM network
It is no secret that banks incur serious costs for maintaining cash flow. Several bank services are involved in this at once: cash desk, collection, bookkeeping. Some Russian banks have already begun testing a new service. In Russia, a new Cash-out service (purchase with cash) has appeared, which allows you to receive cash directly at the cash desk at trade and service enterprises. There are several stakeholders in the development of this project: banks, trade and service enterprises (TSE), as well as customers. The article discusses the advantages of this project for each of its participants, the problems of its introduction from a technological and legal point of view. The economic effect of introducing a pilot project for trade and service enterprises and banks is substantiated. The whole system of banking acquiring, the charging of all operations is considered.
- © 2019, 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/).
Cite this article
TY - CONF AU - V.V. Kremleva AU - O.I. Dudina AU - N.S. Necheukhina PY - 2019/12 DA - 2019/12 TI - Cash-out in trade and service networks: advantages and prospects in Russia BT - Proceedings of the International Scientific and Practical Conference on Digital Economy (ISCDE 2019) PB - Atlantis Press SP - 128 EP - 131 SN - 2352-5428 UR - https://doi.org/10.2991/iscde-19.2019.78 DO - 10.2991/iscde-19.2019.78 ID - Kremleva2019/12 ER -