Digital Payment Technologies: Impact on the Development of e-Commerce and the Network Sector of the Economy

The article presents an analysis of the impact of digital payment technologies on the development of e-Commerce and the network sector of the economy. Using economic and mathematical modelling tools, the authors found that the number of active payment cards has the greatest impact on the change in the volume of non-cash payments. The aim of the scientific paper is to analyse the impact of digital payment technologies on the development of e-Commerce and network sector of the economy. The study was made with the help of statistical data for the period from 2012 to 2018 from National Bank of the Republic of Kazakhstan, Committee on statistics of Ministry of national economics of the Republic of Kazakhstan, analytical reports, and studies. Using the method of comparative and dynamic analysis, system-structural and cause-and-effect analysis, as well as analysis and forecasting based on a multifactor correlation and regression model the authors found out that the number of active payment cards currently has the greatest impact on the change in the volume of non-cash payments. The analysis of the obtained regression coefficients shows that if the number of used payment cards increases by an average of 1 million units per month, the volume of non-cash payments will increase by 0.271 trillion tenge; an increase in the number of transactions made on non-cash payments by 1 million units will result in an increase in the volume of non-cash payments by 0.008 trillion tenge.