At the beginning of October marked the anniversary of the internet market, Ukrainian payment system Ru-Pay. Its developers claim that they are a limited liability company with “headquarters” in Mariupol. But the company Rupay Finansials Ltd., Dealing with the management and maintenance of the system Ru-Pay, registered in London. It supposedly provides financial services and works with partner banks. Legal address and telephone number of the company are listed on the site Ru-Pay.

Originally Ru-Pay is designed as a system for money transfers between Russia and Ukraine. Not long ago, its authors said the expansion of its operations for receiving and sending Internet payments using other electronic systems worldwide. According to information posted on the website of the company for a year of work in the system opened more than 7,000 customer accounts and it is connected to more than 250 online stores.


System Portmone the same name of the Ukrainian company (founded in 2002 and is part of the holding Efors groups “) helps customers obtain information about the accounts of the use of urban telephone, long distance communication services, mobile phone, an apartment, and other municipal services electronically – via web website and e-mail. By the same site at the customer reluctance to pay their bills by using the international plastic cards such as Visa or MasterCard / Europay. To date, the company has established contractual relationships with Ukrtelecom, Utel “, UMC, with GIVC Kyiv, JSC” Will-cable “, the insurance company” ASKA-Life “,” KievTeleServis. Planned expansion of activities in cities.

Legitimacy or NO?

Representatives of electronic payment systems recognize that their work is outside of any financial legislation. But they operate legally, ie Organizers calculations are registered as legal entities. Rhode their work enshrined in the charters of their companies – mostly consulting, information services, to provide that do not need government licenses. For the settlement of contract with banks and recipients. Representatives of electronic payment systems categorically deny that they have access to client cash money, they say, it is not we work with them, and directly by customers. They do not want to admit that the “electronic purses”, in fact, are electronic client accounts. And in the Ukrainian financial law (Law on Banks and Banking Activity “), as is known, opening and maintenance of customer accounts – a type of licensed activity. Why are none of the state structures – not controls or supervising or regulating – still did not pay his or her attention?

And wants, and Colet …

The payment systems based on the principle of “electronic cash”, the main source of risk is the possibility of uncontrolled emissions “means of payment, issuing center. Therefore, for such systems the total transparency of the emission center and the existence of a mechanism to monitor its activities – a key factor.

There is another point of view on the nature of “electronic money”. Some Russian bankers, for example, believe that this is the same fallacy as the Internet economy. The world exists in reality, not virtual. And like any chain of sales through the Internet, sooner or later leads to the exit in real life (with a real, real goods) and any chain of transactions with “electronic money” sooner or later to finish the calculation of real money. In general, the “electronic money” – a metaphor. Money can only be a cash or cashless, with a particular case, they may exist in electronic form. We believe there is only one way to reduce the risks of users of electronic payment systems to an acceptable level: the recognition of electronic forms of existence of money from the legitimate emission centers equal to the traditional forms.

So, we summarize. Electronic payment systems, of course, necessary. In cases where there is no alternative electronic payment, they allow you to pay quickly, anonymously and without putting undue risk to your bank account. But it should still be kept in mind that even the best payment system does not compare in reliability with the bank (unless, of course, it is based is not a bank product). Speed and convenience are achieved at the expense of reliability: if your account on the system of electronic payments suddenly put on hold, you are unlikely to be able to do something. Yes, and “electronic cash” is unlikely to ever make the paper, if the issuing system will cease to exist.