WAYS TO IMPROVE THE PRACTICE OF WORKING WITH ELECTRONIC MONEY IN COMMERCIAL BANKS

The rapid development of digital technologies has significantly transformed the global financial system, particularly the banking sector. Electronic money has become one of the most important innovations in modern financial services, providing customers with fast, secure, and convenient payment solutions. Commercial banks play a central role in the circulation, management, and regulation of electronic money systems. However, despite the increasing popularity of electronic payments, several organizational, technological, legal, and security-related challenges continue to hinder the effective implementation of electronic money practices in commercial banks. This article analyzes the theoretical foundations of electronic money, examines current practices in commercial banking systems, identifies major challenges associated with electronic money operations, and proposes practical recommendations for improving the management and usage of electronic money in commercial banks. The research is based on comparative analysis, institutional approaches, and modern banking practices. The findings demonstrate that strengthening cybersecurity systems, improving legal frameworks, enhancing customer trust, implementing innovative financial technologies, and developing digital literacy can significantly improve the effectiveness of electronic money operations in commercial banks.