CROWDFUNDING SYSTEMS: evaluation and government regulation in the conditions of reengineering

way to transfer funds is to use payment cards and various electronic systems. Most often, contributors make a decision to support the project quickly or even spontaneously, so in such circumstances, it is important to make the transfer simple and easy, without unnecessary registration, bank checks, etc, which can be done only in the conditions of a developed banking system and the market of payment instruments. Every year, the number of non-cash transactions, i.e. transfers using payment cards and banking services of institutions, in the world is growing by an average of 10%. Table 1.4 shows that the number of transactions increases significantly every year. Thus, in 2013, the percentage increase in the total number of non-cash transfers was 8.74%, in 2014 — 8.82%, in 2015 — 11.72% and in 2016 — 10.03%. It is interesting that the structure of the analyzed operations also changes. For example, there is a noticeable positive trend in the number of transactions in Asian countries, where the share has grown significantly: from 17.3% in 2012 to 25% in 2016. Table 1.4 Share of the number of non-cash transactions in the world by region, 2012–2016 Years North American countries Western European countries Asian countries Latin American countries Other countries 2012 38,50 25,17 17,30 9,65 9,38 2013 37,87 24,37 18,44 9,76 9,56 2014 36,61 23,82 20,38 9,43 9,76 2015 34,78 22,99 23,19 8,87 10,17 2016 33,39 22,49 24,99 8,31 10,82 Note: calculated by the authors based on sources (World payments report, 2018; Capgemini world fintech report, 2018) Countries such as Japan, South Korea, and Singapore have a particular influence on the overall dynamics. The contribution of other countries, in particular those in Africa, the Middle East, and Eastern Europe, is also increasing. The availability of credit products for entrepreneurs and newly created enterprises affects crowdfunding activities because, in post-crisis conditions, banks and other financial and credit intermediaries require 24