Transformations in
Business & Economics
- © Vilnius University, 2002-2015
- © Brno University of Technology, 2002-2015
- © University of Latvia, 2002-2015
Article
PROBLEMS AND RISKS OF DIGITAL TECHNOLOGIES INTRODUCTION INTO E-PAYMENTS
Olena Slozko, Anna Pelo
ABSTRACT. Digital technologies and the increased use of internet caused great changes in the functioning global economy. Basically, the paper researches how the introduction of digital technologies transforms the global financial environment; it studies changes in the forms of financial circulation and investigates the influence of digital technologies on payments. It also reveals possible problems and risks connected with the introduction of digital technologies that the financial sector might face. The authors believe that, first of all, the digital technologies encourage evolutional development in finance; secondly, reduce the operational costs, and increase effectiveness. The risks are analysed and some tips how to overcome it are provided at the same time. .
KEYWORDS: financial system, digital technology, e-payments, risks, virtual currency.
JEL classification: B22, C40, C87.