The book discusses the theoretical issues of building a payment system, its functions and role in the economy, presents aspects of managing the risks of payment systems, as well as options for the participation of central banks and other regulators in the organization and functioning of national payment systems. The manual gives an idea of the composition and structure of the national payment system of Russia, describing in detail the organization of the activities of its main subjects. A special place is given to the payment system of the Bank of Russia. Considerable attention is paid to the consideration of innovative non-bank payment systems, as well as the organization of supervision and supervision in the payment system of Russia. The textbook provides a set of modern knowledge necessary for researchers and analysts dealing with the problems of development of the payment system and its infrastructure.