ANALYSIS OF THE STATE OF PAYMENT SYSTEMSIN UKRAINE IN THE CONTEXT OF THE EUROPEAN VECTOR OF DIGITAL ECONOMY DEVELOPMENT AND GLOBALIZATION AND INTEGRATION PROCESSES

The current conditions of the world economy functioning in a digital format actualize approaches to understanding the characteristics of globalization and integration processes in such and are becoming increasingly important, because the world is changing rapidly in the third millennium. The introduction of a single national currency within the system of relations between the member states of the Union has raised the issue of creating payment systems with new features for settlements between central and commercial banks at the European level. The implementation of this approach required the development of theoretical aspects of globalization and integration processes in the context of digitalization of the economy and the study of their impact on the development of European and national, including Ukrainian payment systems. The aim of the article is to study the trends and analyze the state of payment systems in Ukraine at the stage of further development of the economy, taking into account aspects of its digital transformation, specifying the tasks and prospects of European integration as a key benchmark. The article examines the operation of the EURO1 payment system, which is a development of the European Banking Association, and substantiates the feasibility of its use in terms of the purpose for transferring large payments, transfers in euros between banks that are registered or branches in the European Union. It is confirmed that the consideration of such specific characteristics will ensure the effective implementation of the functions of such a payment system. The results of statistical analysis of changes in the dynamics of the initial parameters of the EURO1 payment system from the moment of its foundation to the present day are presented. At the stage of consideration of theoretical and practical aspects of globalization and integration processes, their influence on the development of payment systems was revealed. A comparative analysis of the functioning of the payment space in the European Union and Ukraine was carried out, which established that the system of payments and settlements of the euro area has the characteristics of a more modern and open. As a result, the expediency of further development of the theoretical provisions on understanding the essence of the concept of "payment system", as well as improving the forms of interbank settlements and increasing the efficiency of the payment system of Ukraine on the principles of organization and functioning of European payment systems through the introduction of appropriate regulations and standards in the payment sphere of the country by the regulator is proved.