Payment Systems in Digital Economy

Digital technologies are changing business models and business process management systems in banks. The fintech phenomenon—a combination of technology and innovation—is creating a completely new competitive environment in which credit institutions, as traditional financial intermediaries, face virtual cryptocurrency emission centres that also account for the movement of payment and settlement means. The payment system does not just enter the virtual space but acquires a new quality. The chapter compares traditional payment systems with virtual ones. The object of the research is payment and settlement systems, the subject of the research is the features of the payment systems that make payments and settlements in cyberspace and are based on the blockchain technology.