Abstract
The article emphasizes the relevance of digitalization of the banking sector at the current stage of economic development, an attempt to summarize the problems of implementing digitalization in the banking system of Uzbekistan, the analysis of factors affecting the efficiency of commercial banks, which allowed to build an economic-mathematical model and determine the forecast indicators of the national payment system. The constructed model has confirmed presence of close direct dependence of results of introduction of remote banking and digitalization on financial results of commercial banks activity. It was concluded that the purpose of improving the profitability of commercial banks serves public policy, one of the most important directions of which is the implementation of consistent measures to improve the mechanism of digitalization of the banking sector, which ultimately will improve the efficiency and profitability of the banking sector and the national economy as a whole.
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Notes
- 1.
Chernysheva M.V. (2015). The essence of payment systems and their importance in the development of the financial market // Problems of Modern Economics (Novosibirsk). №28–1. P. 31–35. URL: https://cyberleninka.ru/article/n/suschnost-platezhnyh-sistem-i-ih-znachenie-v-razvitii-finansovogo-rynka.
- 2.
Olkhovskaya I.V. (2017). Development of payment systems in Uzbekistan // Science, Technology and Education. №3 (33). P. 89–91. URL: https://cyberleninka.ru/article/n/razvitie-platezhnyh-sistem-v-uzbekistane.
- 3.
Constructed by the author.
- 4.
Constructed by the author using the Eviews software product.
- 5.
Constructed by the author using the Eviews 10 software product.
- 6.
Developed by the author on the basis of an econometric REM model constructed using panel data.
- 7.
Presidential Decree No. UP-60 of 28.01.2022 “On the New Uzbekistan Development Strategy for 2022–2026” https://www.lex.uz/ru/
- 8.
Boston Consulting Group information and analysis website https://www.bcg.com/.
- 9.
Accenture information and analysis website https://plusworld.ru/.
References
Ol’hovskaya, I.V.: Development of payment systems in Uzbekistan. Nauka, tekhnika i obrazovanie 3(33), 89–91 (2017). https://cyberleninka.ru/article/n/razvitie-platezhnyh-sistem-v-uzbekistane
Chernysheva, M.V.: The essence of payment systems and their importance in the development of the financial market. Problemy sovremennoj ekonomiki (Novosibirsk) 28–1, 31–35 (2015). https://cyberleninka.ru/article/n/suschnost-platezhnyh-sistem-i-ih-znachenie-v-razvitii-finansovogo-rynka
Presidential Decree No. UP-60 of 28.01.2022 “On the New Uzbekistan Development Strategy for 2022–2026” https://www.lex.uz/ru/.
Boston Consulting Group information and analysis website https://www.bcg.com/
Accenture information and analysis website https://plusworld.ru/
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Ugli, G.J.B. (2023). The Impact of the Digitalisation of Payment Systems on the Profitability of Commercial Banks. In: Koucheryavy, Y., Aziz, A. (eds) Internet of Things, Smart Spaces, and Next Generation Networks and Systems. NEW2AN 2022. Lecture Notes in Computer Science, vol 13772. Springer, Cham. https://doi.org/10.1007/978-3-031-30258-9_29
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