TRANSFORMATION OF THE FINANCIAL AND BANKING SYSTEM IN THE CONDITIONS OF THE DIGITAL ECONOMY

Abstract

Today, the importance of digital technologies in society is increasing. The issues of their widespread introduction and development of the digital economy have become a serious vital issue for every country nowadays. The implementation of electronic government elements and support of the digital economy have a strong place in Uzbekistan’s near-term development plan. First of all, this concerns the tasks of further increasing the share of electronic document exchange and gradually transferring a certain part of state services to electronic form through State Service Centers. Telecommunications infrastructure plays an important role in this process. Undoubtedly, the effectiveness of the digital economy is influenced not only by the coverage of information technologies and the availability of infrastructure, but also by standard economic criteria such as the business environment, human capital, and successful management instruments. Therefore, economic development relies on them, which means that these criteria are as important as before in the development of the digital economy.

Keywords

Revolutionary changes, mobile payment,, electronic payment system