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{"id":20764,"date":"2025-10-01T18:39:26","date_gmt":"2025-10-01T15:39:26","guid":{"rendered":"https:\/\/modecon.mnau.edu.ua\/?p=20764"},"modified":"2025-10-01T18:39:26","modified_gmt":"2025-10-01T15:39:26","slug":"electronic-money-in-enterprise-settlements","status":"publish","type":"post","link":"https:\/\/modecon.mnau.edu.ua\/en\/electronic-money-in-enterprise-settlements\/","title":{"rendered":"Chaplia P. Electronic Money in Enterprise Settlements: State Supervision and Control"},"content":{"rendered":"

[vc_row][vc_column][vc_column_text]<\/p>\n\n\n\n
JEL Classification:<\/strong> G28, E42, L21, M41.<\/td>\nDOI<\/b>: https:\/\/doi.org\/10.31521\/modecon.V52(2025)-32<\/a><\/span><\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n

[\/vc_column_text][vc_column_text]Chaplia Pavlo, <\/b>PhD Student, Taras Shevchenko National University of Kyiv, Kyiv, Ukraine<\/span><\/p>\n

ORCID ID:<\/strong> 0009-0005-8406-737X<\/span><\/a>
\ne-mail: <\/strong>pashachaplia@gmail.com<\/span><\/a><\/p>\n

 <\/p>\n

Electronic Money in Enterprise Settlements: State Supervision and Control<\/b><\/h2>\n

Abstract. Introduction<\/i><\/b>. <\/span><\/i>The article examines theoretical, legal, and practical aspects of electronic money (e-money) in enterprise payment systems, with attention to state supervision and regulatory control in Ukraine. In the era of rapid digital transformation, e-money is viewed not only as a technical tool but also as an economic and legal instrument influencing payment infrastructure, accounting, and financial stability.<\/span><\/i><\/p>\n

Purpose<\/i><\/b>. The study aims to systematize the legal definitions of e-money under Ukrainian law, especially the Law \u201cOn Payment Services\u201d and National Bank of Ukraine (NBU) regulations, and to evaluate its impact on business operations and compliance.<\/span><\/i><\/p>\n

Results<\/i><\/b>. The research identifies main types and forms of e-money, their benefits (transaction speed, cost efficiency), and risks (fraud, weak consumer protection, regulatory gaps). Practical cases show its use in B2B, B2C, payroll, and e-commerce. Accounting challenges are analyzed in terms of asset recognition, tax reporting, internal control, and alignment with international standards. The analysis of institutional oversight highlights weak interagency coordination, fragmented legislation, and insufficient digital monitoring. Recommendations include harmonization with EU directives (PSD2, AMLD), a centralized wallet registry, real-time monitoring, and digitalized data exchange.<\/span><\/i><\/p>\n

Conclusions. The paper proposes strategic steps for enterprises: aligning policies with legal norms, adopting secure payment tools, and building digital resilience through e-money. These actions are key to compliance, risk reduction, and competitiveness in digital finance.<\/span><\/i><\/p>\n

Keywords<\/b>: electronic money; state control; payment services; National Bank of Ukraine; enterprise; accounting; financial supervision; digitalization.<\/span><\/i><\/p>\n

References<\/b>:<\/strong><\/p>\n

    \n
  1. Verkhovna Rada of Ukraine. (2021). <\/span>About payment services. \u2116 1591-IX<\/span><\/i>. <\/span>https:\/\/zakon.rada.gov.ua\/laws\/show\/1591-20#Text<\/span>.<\/span><\/li>\n
  2. Mokiienko, T. V., Pryidak, T. B., & L\u0456pskyi, R. V. (2019). Elektronni hroshi: sutnist, klasyfikatsiia ta oblikove vidobrazhennia. <\/span>Efektyvna ekonomika<\/span><\/i>, (6). https:\/\/doi.org\/10.32702\/2307-2105-2019.6.35<\/span><\/li>\n
  3. Batrakova, T. I., & Hrinchenko, A. Yu. (2016). Problemy ta perspektyvy rozvytku elektronnykh hroshei v Ukraini. <\/span>Ekonomika i suspilstvo<\/span><\/i>, (7), 702\u2013706. Retrieved from <\/span>https:\/\/economyandsociety.in.ua\/journals\/7_ukr\/118.pdf<\/span>.<\/span><\/li>\n
  4. National Bank of Ukraine. (2022). <\/span>On approval of the Regulation on the issuance of electronic money and the implementation of payment transactions with them dated 09\/29\/2022<\/span><\/i>. <\/span>https:\/\/zakon.rada.gov.ua\/laws\/show\/v0210500-22#Text<\/span><\/li>\n
  5. Verkhovna Rada of Ukraine. (2023). <\/span>On amendments to the Tax Code of Ukraine and other legislative acts of Ukraine regarding payment services\u00a0 \u2116 2888-IX<\/span><\/i>. <\/span>https:\/\/zakon.rada.gov.ua\/laws\/show\/2888-20#Text<\/span>\u00a0<\/span><\/li>\n
  6. Fartushniak, O. V. (2021). Poniattia elektronnykh hroshei, yikh klasyfikatsiini oznaky ta vydy. In <\/span>Suchasni problemy upravlinnia pidpryiemstvamy: teoriia ta praktyka: Proceedings of the International Scientific Conference, Kharkiv \u2013 Torun, April 16, 2021<\/span><\/i> (pp. 328\u2013330). <\/span>https:\/\/surl.li\/ltzjlt<\/span>\u00a0<\/span><\/li>\n
  7. Stellar. (n.d.). Ukraine Electronic Hryvnia Pilot Launched by TASCOMBANK and Bitt on Stellar. <\/span>https:\/\/stellar.org\/press\/ukraine-electronic-hryvnia-pilot-launched-by-tascombank-and-bitt-on-stellar?utm_source=chatgpt.com<\/span>.<\/span><\/li>\n
  8. Zuora. (n.d.). eMoney. <\/span>https:\/\/www.zuora.com\/our-customers\/case-studies\/emoney\/?utm_source=chatgpt.com<\/span>.<\/span><\/li>\n
  9. Cabinet of Ministers of Ukraine. (2023). <\/span>Pro vnesennia zmin do Polozhennia pro Derzhavnu podatkovu sluzhbu Ukrainy: Postanova \u2116 888 vid 22 serpnia 2023 r.<\/span><\/i> https:\/\/zakon.rada.gov.ua\/laws\/show\/888-2023-%D0%BF#Text<\/span>.<\/span><\/li>\n
  10. Pyrih, A. V. (2024). Osoblyvosti derzhavnoho finansovoho kontroliu u sferi obihu biudzhetnykh koshtiv. <\/span>Naukovyi visnyk Uzhhorodskoho natsionalnoho universytetu. Seriia: Pravo<\/span><\/i>, 4(86). <\/span>https:\/\/doi.org\/10.24144\/2307-3322.2024.86.1.4.6<\/span><\/li>\n
  11. National Bank of Ukraine. (2020). Rehliuvannia rynku elektronnykh hroshei stane suchasnym ta prozoryshim. Retrieved from <\/span>https:\/\/bank.gov.ua\/ua\/news\/all\/regulyuvannya-rinku-elektronnih-groshey-stane-suchasnim-ta-prozorishim?utm_source=chatgpt.com<\/span>\u00a0<\/span><\/li>\n
  12. Diia. (n.d.). Systema elektronnoi vzaiemodii derzhavnykh elektronnykh informatsiinykh resursiv \u201cTrembita\u201d. <\/span>https:\/\/se.diia.gov.ua\/trembita<\/span>.<\/span><\/li>\n
  13. European Commission. (n.d.). Digital euro. <\/span>Finance<\/span><\/i>. <\/span>https:\/\/finance.ec.europa.eu\/digital-finance\/digital-euro_en<\/span>\u00a0<\/span><\/li>\n
  14. National Bank of Ukraine. (n.d.). Pro e-hryvniu \u2013 tsyfrovi hroshi Natsionalnoho banku. <\/span>https:\/\/bank.gov.ua\/ua\/payments\/e-hryvnia<\/span>\u00a0<\/span><\/li>\n<\/ol>\n

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    Chaplia P. (2025). Electronic Money in Enterprise Settlements: State Supervision and Control. Modern Economics, 52(2025), 227-232. DOI: https:\/\/doi.org\/10.31521\/modecon.V52(2025)-32.<\/span><\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n

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    [vc_row][vc_column][vc_column_text] JEL Classification: G28, E42, L21, M41. DOI: https:\/\/doi.org\/10.31521\/modecon.V52(2025)-32 [\/vc_column_text][vc_column_text]Chaplia Pavlo, PhD Student, Taras Shevchenko National University of Kyiv, Kyiv, Ukraine ORCID ID: 0009-0005-8406-737X e-mail: pashachaplia@gmail.com   Electronic Money in Enterprise Settlements: State Supervision and Control Abstract. Introduction. The article examines theoretical, legal, and practical aspects of electronic money (e-money) in enterprise payment systems, with
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