Key trends of the Russian payment industry

The article is devoted to the study of the impact of the geopolitical sanctions and the achievements of the financial technology industry on the development of the Russian payment system. The author revealed that the driver of the current stage of development of settlements and payments in Russia are the geopolitical risks, which caused the transformation of both external and internal perimeters of settlements, as well as the active introduction of the digital solutions in payments. The key factor of the development of an effective national payment system is to ensure its technological sovereignty, search for reliable partners and tools for the settling monetary claims, including alternative ones. An important place in the article is given to the identification of promising and priority directions for the development of such elements of the Russian payment system as the National Payment Cards System, the Fast Payments System, the Financial Messages Transmission System. The author paid special attention to the digital ruble, studied its evolution, mechanism, and conducted the PESTEL - analysis of its implementation. It is concluded that the main efforts of the Bank of Russia are aimed at the uninterrupted development of national and cross-border payments, which will ensure economic growth and financial stability of the country.