<p>e main aim of the scienti c article is to present ndings and recommendations for improving the system of retail payment of the country based on international experience, innovative ideas, as well as on theoretical and methodological principles. etheoretical and practical principles of applying innovative technologies in retail payment systems, factors a ecting the processes, practices and policies implemented by commercial banks of the country have been reviewed in the following article. e study provides ndings and recommendations for the development of the in astructure of the retail payment system of the country which is based on the use of innovative technologies</p>