PAYMENT SERVICES OF PUBLIC TRANSPORT IN THE DIGITAL INNOVATIZATION OF THE PAYMENT BUSINESS

The relevance of the topic is that the development of payment services on public transport is hampered by the localization of payment services. The aim of the study is to substantiate the problems of innovatization of payment services of public transport as a part of the overall ecosystem of payment business and to find solutions to the problems by overcoming the localization of services. For this purpose the following is proposed: 1) integration of payment service into a single system of state and municipal services, which will: exchange information on benefits and their differentiation by categories of passengers and receive compensation for costs through the Treasury accounts; 2) inclusion in the electronic payment system of all legal carriers, which will: introduce carriers into the legal field; use state support for passengers and carriers; 3) introduction of the zoned fare, which will: use flexible payment for services; adjust transport traffic; save consumer costs; 4) expansion of payment tools, which will: use universal payment tools; create co-branded tools; provide bonuses. The novelty lies in the fact that for the sustainable development of sectoral and territorial finance, it is necessary to overcome the localization of payment services of public transport using digital innovations. The practical significance lies in obtaining a socially significant effect from the expansion of the boundaries of the payment services market. The mechanism of dissemination of digital innovations should be used in other areas and thus accelerate the creation of a highly competitive digital environment in the economy and society.

innovations, digital economy, finance, money circulation, payments, payment services, payment systems, payment market, public transport, information technology.

Korobeynikova O. M., Kuzmina M. I., Minaeva O. A. Payment services of public transport in the digital innovatization of the payment business. Business. Education. Law, 2020, no. 1, pp. 138–141. DOI: 10.25683/VOLBI.2020.50.101.