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Accepted Paper:
Electronic Payment System and Its Impact on Economic Performance of Banking Sector in the Kyrgyz Republic
Bermet Talasbek kyzy
(American University of Central Asia)
Urmat Ryskulov
(American University of Central Asia)
Paper abstract:
The analysis of whether the Electronic Payment System (EPS) has an impact on bank performance, the attention is often paid to its direct impact on economic growth. Therefore, this study intends to show the indirect impact of EPS and proposes to look at the bank performance, rather than economic growth. Combined methods of analysis and procedures such as the Unit-Root test, LM serial correlation test, and Vector Auto-Regressive (VAR) were used to measure the impact. We have used consolidated quarterly data on the EPS and banking sectors of the Kyrgyz Republic for the period between 2008 and 2019. The results of the study show that Bank Card Payment systems are the most meaningful to measure the changes in Income from Fees, Services, and Commissions. It also stresses the problem of speed adjustment due to the asymmetric distribution in regard to the source of income formation of the bank profitability.