Opportunities and challenges of using mobile payments and banking for Ukraine’s economic recovery

  • Iurii Zadvornyi аспірант

Abstract

Purpose: research on the opportunities and challenges of implementing mobile payments and banking for ensuring economic stability and recovery of Ukraine’s economy during the war and in the post-war period.

Design/Method/Approach (only for empirical papers): statistical analysis, empirical analysis, case study, qualitative analysis, theoretical analysis, systemic analysis.

Findings: generalized analytical data necessary for developing recommendations on the implementation of mobile payments and banking as tools for economic stabilization and Ukraine's recovery. Measures are proposed for financial institutions, government agencies, and international partners aimed at improving access to financial services, optimizing their use during crises, and integrating modern technologies into the country's financial system.

Theoretical implications (if applicable): the research will help deepen the understanding of the role of mobile payments and banking in conditions of economic instability caused by war, particularly their impact on financial inclusion, support for small and medium-sized businesses, and the integration of innovative technologies into the country's financial system.

Practical implications (if applicable): the results of the research can be used by government institutions, financial institutions, and international organizations to develop strategies for implementing mobile payments and banking aimed at ensuring economic stability, supporting small and medium-sized businesses, expanding access to financial services, and facilitating Ukraine's economic recovery in the post-war period.

Originality/Value: is in conducting an analysis and developing recommendations that can be utilized by the government, financial institutions, and international organizations for the implementation of mobile payments and banking as tools for economic stabilization, support for financial inclusion, and the recovery of Ukraine's economy during a crisis and in the post-war period.

Research limitations/Future research: the limitations of the research lie in the use of data available from open sources and the lack of detailed information from financial institutions regarding the specifics of implementing mobile payments and banking in crisis conditions. Future research will focus on analyzing the practical experience of using these technologies for economic recovery in Ukraine and other countries that have experienced war.

Paper type: theoretical, practical.

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Abstract views: 21
PDF Downloads: 18
Published
2024-12-31
How to Cite
Zadvornyi, I. (2024). Opportunities and challenges of using mobile payments and banking for Ukraine’s economic recovery. Social Development and Security, 14(6), 159-171. https://doi.org/10.33445/sds.2024.14.6.16
Section
E-Commerce