PAYMENT CARDS IN THE SYSTEM OF NON-CASH SETTLEMENTS OF THE REPUBLIC OF KAZAKHSTAN

Abstract

The developed payment system is a competitive advantage of the country, which allows attracting foreign tourists, investors, contractors. An effectively functioning payment system contributes to the development of domestic business, accelerates money turnover and increases the efficiency of the monetary system. Speeding up the processing of financial information, ensuring a high degree of information protection, uninterrupted maintenance of payment bank cards have made the payment card one of the most attractive forms of payments.
The article analyzes the turnover of payment instruments used on the territory of the Republic of Kazakhstan in the context of the number of transactions and the volume of payments, and also reveals the features of the circulation of payment cards in the system of noncash settlements in the context of regions and payment systems. The advantages of using payment cards as payment forms for participants
of money turnover are formulated. The problems hindering the further development of payment cards as forms of non-cash payments have been identified, including the problems of security of banking information about customers and accounts. It is proved that the absence of
a unified national card payment system leads to the vulnerability of the economy of the Republic of Kazakhstan. Recommendations on the further development of payment cards as forms of non-cash payments are presented.