Russia Remittance and Bill Payments Market Outlook to 2023 (Second Edition)
By Domestic Remittance Banking & Non Banking Channels; International Remittance Flow Corridors and Channel; and Bill Payment Segment
September 2019
248
About the Report
About the Report
The report titled "Russia Remittance and Bill Payments Market Outlook to 2023 (Second Edition) - By Domestic Remittance Banking & Non Banking Channels; International Remittance Flow Corridors and Channel; and Bill Payment Segment" provides a comprehensive analysis of both international and domestic remittance and bill payments market of Russia. The report covers market size, market segmentation on inbound and outbound remi-ttance, resident and non-resident, major flow corridors, bank & non-bank, mode of remittance for international remittance. For domestic remittance, the report covers market size, market segmentation on remittance channel and major flow corridors. It also includes the bill payments market covering the market size and segmentation by mode of payments, type of platform and channel of payments. The report also covers government regulations in the market, market share and company profiles of major banking and non-banking channels in Russia remittance and bill payments market. The report provides detailed overview on future outlook & projections with analyst recommendations for the industry. The report provides detailed insights on the existing and future trends, issues and challenges prevalent in the industry and anticipated growth in the future depending upon changing industry dynamics in forecasted period.
Russia Remittance Overview
Russia is well-known as a leading cosmopolitan hub in the world with a wide range of investment and job opportunities, due to which it has been a major attraction for job seekers in Commonwealth of Independent States (CIS) and the non-independent States (non-CIS) countries. Russian population majorly constitute of expatriates. The Russian remittance industry is thus, dominated by the outflow of the remittances. During the period 2013-2018, the market for remittance has increased on account of increasing migrants to Russia, increase in internet penetration and increase in the use of digital methods for wire transfers including account to account, account to card and card to card transfers.
Russia International Remittance Market Segmentation
By Inbound & Outbound: The Russia international remittance market registered a majority of contribution from outbound remittances segment within Russia in the year 2018. Stable progress in diversity and coverage of global remittance networks has enabled more CIS and Non-CIS workers to remit money at a reasonable cost of services which include automated teller machines, web-based services, and reusable / reloadable cash cards.
By Countries: Switzerland accounted for majority of the total remittances sent and received in Russia during 2018 in Non-CIS countries. In CIS countries, Kazakhstan was the highest sender of money in Russia in 2018. Major decrease in inbound and outbound remittance was seen Ukraine in 2018 which was among the highest flow corridor before the ban during 2016.
Competitive Landscape in International Remittance Market
Russian international remittance market is fragmented with the presence of small, medium and large companies. The large players such as Sberbank, VTB Bank, Koronapay, Western Union and others are dominating the industry in terms of transaction volume during the year 2018. The Russia-Ukraine is the second largest migration corridor in the world and the Ukraine-Russia is the fourth largest corridor in the world. These corridors facilitate large scale migration and rise in competition among the players in Russia in terms of offering services for remittance flows.
Russia Domestic Remittance and Bill Payments Market
Market Overview: Domestic remittance market of Russia has witnessed tremendous growth in the past few years. Rising internal migrant population both intra-regional and inter-regional owing to better job opportunities has triggered the size of the industry. The internal immigrant population has increased slightly from 2013-2018. Also, in the recent times the Russian economy has witnessed rapid industrialization and growth in GDP which resulted to an increase in the country’s standard of living at tremendous rate owing to which the public spending on utilities, entertainment and others has increased. This has depicted a positive impact on the bill payments market. The bill payments market in Russia includes the payments made for all the utilities consumed in the country by both expatriates and citizens in the country. The market grew at positive double digit CAGR during 2013-2018.
Domestic Remittance Market Segmentation
Flow Corridors (Major Sending and Receiving Region): Internal Migration within Russia in search of Jobs accounted for major share of the total domestic remittances. Domestic remittances were observed to be transferred to districts of Central Federal Districts with highest migration in 2018 followed by Northwestern Federal District and Volga Federal Districts with highest migrations.
Mode of Payment (Offline and Online): Majority of bill payments in Russia were made offline through banking channel facilities such as ATMs, bank deposits, POS and others, whereas increasing usage of online mode have been observed in major metro cities with maximum utilization of online mode such as M-wallets, E-money and card transfers.
Competitive Landscape in Domestic Remittance and Bill Payments Market
The market is dominated by the banking channels with high penetration of banking services and majority of population hold bank accounts and restrictions on cash transfers from government. The enormous potential of domestic remittances has also engrossed international players such as the Western Union, Money Gram and others into the market. Conversely, the Russian-based service providers such as banks, regional and national money transfer operators including Sberbank, Koronapay, Russian Post and others have a noteworthy presence in the domestic market and have provided stiff competition to international players. Sberbank was the largest bank in the Russian domestic remittance market in 2018 followed by other major players in domestic remittance market in terms of transaction volume. Whereas, competition within the bill payments market is highly fragmented with presence of many third party platforms and billers desk in the country providing different types of bill payment services.
Future Potential of Domestic Remittance and Bill Payments Market
The rising infrastructural & developmental activities undertaken by the government of Russia and rising business sector in the country are anticipated to foster growth in the country’s domestic remittance market. Also, rising number of households due to internal migrations is expected to increase the usage of groceries, fuel, electricity, water, broadband, phones and other utilities in the major cities of the country. Moreover, increasing per capita household disposable income, rising standard of living, increasing salaries, emerging bill payment companies, expansion of bill payment services and others will surge the size of bill payment industry of Russia in the near future.
Key Segments Covered:
International Remittance Market
By Flow Type
- Inbound
- Outbound
By Individuals
- Residents
- Non-Residents
By Major Flow Corridors
- CIS (Kazakhstan, Uzbekistan, Tajikistan, Kyrgyzstan, Ukraine and Others)
- Non-CIS (Switzerland, Latvia, USA, UK, Germany and Others)
By Remittance Channels
- Banks
- Non Banks
By Payout Mode
- Cash
- Non-Cash/Electronic Transfer
By Channels
- Bank
- Non-Banks
Domestic Remittance Market
By Remittance Channels
- Banks
- Non Banks
By Major Flow Corridors
- Central Russian Federal District
- Volga Federal District
- North-western Federal District
Bill Payments Market
By Mode of Payment
- Offline
- Online
Method of Payment
- Cash
- Credit / Debit Cards / E-Wallets
- Direct Bank Debits and Transfers
Key Target Audience:
- Money Transfer Operators
- Banks
- Pawnshops
- Bill Payment Companies
- M-Wallets
- Mobile Money Companies
- Central Bank
- Investors and PE Firms
- Convenience Stores
Time Period Captured in the Report:
- Historical Period – 2013-2018
- Forecast Period – 2019-2024
Companies Covered:
Major Bank Channel in Russia:
- Sberbank
- VTB Bank
- Gazprombank
- Alfa Bank
Major Non-Banking Channel in Russia:
- Russian Post
- Koronapay
- Unistream
- CONTACT(QIWI)
- Money Gram
- Western Union
Key Topics Covered in the Report
- Russia Domestic Remittance Market Size (2013-2018)
- Russia Bill Payments Market Size (2013-2018)
- Russia International Remittance Market Size (2013-2018)
- Russia Remittance and Bill Payments Market Overview
- Russia Remittance and Bill Payments Market Ecosystem
- Russia Remittance and Bill payments Market Segmentation (2013-2018)
- Trends and developments
- Comparative Landscape including Strength and Weakness of the major Remittance and Bill Payments players
- Company Profiles of Major Players
- Future Outlook and Projections of Russia Domestic Remittance Market (2018-2023E)
- Future Outlook and Projections of Russia Bill Payments Markets (2018-2023E)
- Future Outlook and Projections of Russia International Remittance Markets (2018-2023E)
- Analyst Recommendation
Products
Products
International Remittance Market
By Flow Type
- Inbound
- Outbound
By Individuals
- Residents
- Non-Residents
By Major Flow Corridors
- CIS (Kazakhstan, Uzbekistan, Tajikistan, Kyrgyzstan, Ukraine and Others)
- Non-CIS (Switzerland, Latvia, USA, UK, Germany and Others)
By Remittance Channels
- Banks
- Non Banks
By Payout Mode
- Cash
- Non-Cash/Electronic Transfer
By Channels
- Bank
- Non-Banks
Domestic Remittance Market
By Remittance Channels
- Banks
- Non Banks
By Major Flow Corridors
- Central Russian Federal District
- Volga Federal District
- North-western Federal District
Bill Payments Market
By Mode of Payment
- Offline
- Online
Method of Payment
- Cash
- Credit / Debit Cards / E-Wallets
- Direct Bank Debits and Transfers
Key Target Audience:
- Money Transfer Operators
- Banks
- Pawnshops
- Bill Payment Companies
- M-Wallets
- Mobile Money Companies
- Central Bank
- Investors and PE Firms
- Convenience Stores
Companies
Major Bank Channel in Russia:
- Sberbank
- VTB Bank
- Gazprombank
- Alfa Bank
Major Non-Banking Channel in Russia:
- Russian Post
- Koronapay
- Unistream
- CONTACT(QIWI)
- Money Gram
- Western Union
Table of Contents
Table of Contents
1. Executive Summary
1.1Global Remittance Scenario
1.2Russia Remittance Industry
1.3Market Segmentation of Russia Remittance Industry
1.4Bill Payment Market in Russia
2. Research Methodology
2.1. Market Definitions
2.2. Abbreviations
2.3. Market Size and Modeling
Research Methodology
Market Sizing - International Remittance Market
Market Sizing-Domestic Remittance Market
Market Sizing-Bill Payment Market
Variables Dependent and Independent
Limitations
Final Conclusion
3. Market Ecosystem (Major Banks, Major MTOs, Mobile Money Operators, Billers Business Offices and Regulatory Bodies), 2018
4. Snapshot of Global Remittance Market (Overview, Comparison between Bank, MTOs and Mobile Operators, Region-wise Migration), 2013-2018
5. Overview and Genesis (Definition, Market Stage and Competitive Scenario),2013-2018
6. Value Chain Analysis (Market Flow, Entity Role and Problem Faced by Immigrants, Channel, Forgine Exchange Retailers and End Reciptents), 2018
6.1. Business Model for MTOs in Russia Remittance Market, 2018
7. Russia International Remittance Market, 2013-2023
7.1. Market Introduction (Inbound & Outbound, Major Flow Corridors), 2013-2018
7.2. Remittance Working Model (Flow Channels, Major Entities), 2018
7.3. Market Size by Transaction Volume, Number of Transactions and Average Fund Transfer (Reasons for Market Growth, Challenges, Key Future Takeaways), 2013-2018
7.4. Market Segmentation, 2013-2018
7.4.1. Inbound and Outbound International Remittance, 2013-2018
7.4.2. Resident and Non-Resident Individuals To and From Russia (Remittance By Purpose), 2013-2018
7.4.3. Major Flow Corridors (CIS and Non-CIS Countries), 2013-2018
7.4.3.1. Major Flow Corridors CIS Countries (Kazakhstan, Uzbekistan, Tajikistan, Kyrgyzstan, Ukraine), 2013-2018
7.4.3.2. Major Flow Corridors Non-CIS Countries (Switzerland, Latvia, US, UK, Germany), 2013-2018
7.4.4. Mode of Transfer (Cash or Electronic Transfers), 2013-2018
7.4.5. Channel (Banks and MTOs), 2013-2018
7.5. Competitive Landscape (Market Share and Strength and Weakness),2013-2018
7.5.1. Market Share of Major Banks and Non-Bank Channels (Key Services Offered and Transaction Fee Comparison), 2018
7.5.2. Strengths and Weaknesses of Top 6 Banks and MTOs in Russia International Remittance Market, 2013-2018
7.6. Market Future Outlook & Projections, 2018-2023
7.6.1. Transaction Volume (Short Term and Long Term Analysis), 2018-2023
7.6.2. Channel (Bank and MTOs), 2018-2023
7.6.3. Flow Corridors (CIS and Non-CIS Countries), 2018-2023
8. Russia Domestic Remittance Market, 2013-2023
8.1. Introduction (Overview, Remote Money Transfers and Bill Payments, Major Players, and Working Model), 2013-2018
8.2. Market Size by Transaction Volume,Number of Transactions Average Transaction Size (Reasons for Market Growth, Challenges, Key Business Strategies), 2013-2018
8.3. Market Segmentation,2013-2018
8.3.1. Flow Corridors(Major Sender and Receiving Regions) , 2018
8.3.2. Domestic Remittance Channel (Bank and Non-Banks), 2018
8.4. Competitive Landscape of Major Players in Russia Domestic Remittance Market, 2013-2018
8.4.1. Market Share of Major Players in Russia Domestic Remittance Market (Overview, Market Share By Volume), 2018
8.4.2. Strengths and Weaknesses of Top 3 Domestic Remittance Players, 2018
8.5. Market Future Outlook & Projections, 2018-2023
8.5.1. Transaction Volume (Short Term and Long Term Future Analysis, Key Future Opportunities), 2018-2023
8.5.2. Remittance Channel by Transaction Volume (Bank & Non-Bank), 2018 and 2023
9. Decision Making Process for Choosing a Remittance Service Provider in Russia Remittance Market (Remittance Fees, Time Taken, Customer Reviews, Service Portfolio, Trustworthiness, Easy Accessibility), 2018
10. Company Profile of Major Banks and MTOs in Russia Remittance Market Covering Parameters Bank Overview, USP/Strengths, Partners Associated, Number of Branches, Transaction Fee, Financials, Subsidiaries, Number of Customers, Future Plans
10.1. Sberbank
10.2. VTB Bank
10.3. GazpromBank
10.4. Alfa bank
10.5. Russian Post
10.6. KoronaPay
10.7. Western Union
10.8. Money Gram
10.9. UniStream
10.10. CONTACT
11. Russia Bill Payment Market, 2013-2023
11.1. Market Size by Volume of Transactions, 2013-2018
11.2. Market Segmentation, 2013-2018
11.2.1. Type of Bill Payment (Utilities, Insurance Premium, Taxi, Education and Others), 2018
11.2.2. Mode of Bill Payment ( Cash, Credit / Debit Cards / E-Wallets, Direct Bank Debits and Transfers), 2018
11.2.3. Offline and Online Bill Payment, 2018
11.2.4. Third Party Platforms and Billers Desk Bill Payment, 2018
11.3. Consumer Preferences and Profile (E-Payments Demographics, Categories of Purchases), 2018
11.4. Competitive Landscape, 2013-2018
11.4.1. Market Share of Major Players in Russia Bill Payment Market (Overview, Strength & Weakness of Top 7 Players, Market Share in
terms Number of Transactions, Brand Awarness Ratings, Mobile Application Downloads), 2018
11.4.2. Company Profile of Major E-Wallets in Russia Bill Payment Market Covering Parameters Overview, USP, Business Strategies, Partners Associated, Type of Bill Services, Transaction Fees, Registered Users, Recent Developments, Future Plans
11.4.2.1. Yandex
11.4.2.2. Visa Qiwi
11.4.2.3. Webmoney
11.4.2.4. A3 System
11.4.3. Other E-Wallet Providers (PayPal and Wallet One)
11.5. Technological Advancements (M-Wallets, M-POS Systems, NFC, P2P Payment Space)
11.5.1. Near Field Communication (NFC), 2018 (Overview, Government Regulations, Development in Current Market, Future Scope)
11.6. Future Outlook and Projections, 2018-2023
11.6.1. Transaction Volume (Short and Long Term Future Analysis), 2018-2023
11.6.2. Mode of Payment (Cash, Credit / Debit Cards / E-Wallets, Direct Bank Debits and Transfers), 2018-2023
12. SWOT Analysis
13. Trends and Developments
14. Issues and Challenges
15. Government Regulations
15.1. General Regulations (Amendment of Federal Law, Clean Up Tool, Currency Control Rules, Repatriation of Currency Proceeds, Requirement of Transaction Passport, Liability for Violation, Russian Payment Systems Law, Anti Money Laundering, Tap the Gray Economy, Competition Law), 2013-2018
15.2. Residency Permit Regulations (Temporary Residency Permit, Requirements for TRP, Eligibility, Required documents, Permanent Residency and Other Required documents), 2013-2018
16. Analyst Recommendations
Disclaimer
Contact Us
List of Figure
Figure 1-1: Market Structure for Russia Remittance & Bill Payments Market, 2018
Figure 3-1: Russia Remittance and Bill Payments Market Ecosystem
Figure 4-1: Top Ten Origin Countries for International Migrants in Million, as of Dec, 2017
Figure 4-2: Global Remittance Market Size on the Basis of Transaction Volume in USD Billion, 2012-2017
Figure 6-1: Value Chain Analysis of Russia Domestic and International Remittance Market, 2018
Figure 7-1: General Working Model of Russia International Remittance Market
Figure 7-2: Russia International Remittance Market Size in Terms of Transaction Volume in USD Million and Growth Rate in Percentage (%), 2013-2018
Figure 7-3: Russia International Remittance Market Size in Terms of Number of Transaction in Million and Growth Rate in Percentage (%), 2013-2018
Figure 7-4: Total Immigration to Russia Federation by Country of Origin in terms of Population, 2013-2018
Figure 7-5: Total Emigration from Russia Federation by Destination Countries in Terms of Number of Population, 2013-2018
Figure 7-6: Russia International Remittance Market by Inbound and Outbound Remittances on the Basis of Transaction Volume in Percentage (%), 2013-2018
Figure 7-7: Russia International Remittance Market by Inbound and Outbound Remittances on the Basis of Transaction Volume in USD Million, 2013-2018
Figure 7-8: Russia International Remittance Market by Inbound and Outbound Remittances on the Basis of Number of Transaction in Percentage (%), 2013-2018
Figure 7-9: Russia International Remittance Market by Residents and Non-Residents on the Basis of Transaction Volume in Percentage (%), 2013-2018
Figure 7-10: Russia International Remittance Market by Residents and Non-Residents on the Basis of Transaction Volume in USD Million, 2013-2018
Figure 7-11: Russia International Remittance Market by Major Outbound Remittance Flow Corridors (CIS Countries) on the Basis of Transaction Volume in Percentage (%), 2013-2018
Figure 7-12: Russia International Remittance Market by Major Inbound Remittance Flow Corridors (CIS Countries) on the Basis of Transaction Volume in Percentage (%), 2013-2018
Figure 7-13: Russia International Remittance Market by Major Outbound Remittance Flow Corridors (Non-CIS Countries) on the Basis of Transaction Volume in Percentage (%), 2013-2018
Figure 7-14: Russia International Remittance Market by Major Inbound Remittance Flow Corridors (Non-CIS Countries) on the Basis of Transaction Volume in Percentage (%), 2013-2018
Figure 7-15: Russia International Remittance Transaction Volume by Mode of Remittance Transaction (Cash Account and Electronic Transfers) in Percentage (%), 2013-2018
Figure 7-16: Russia International Remittance Market Segmentation by Major Remittance Channel (Banks and Non-Banks) on the Basis of Transaction Volume in Percentage (%), 2013-2018
Figure 7-17: Russia International Outbound Remittance Transaction Volume by Channel of Remittance (Banks and MTOs) in Percentage (%), 2013-2018
Figure 7-18: Russia International Inbound Remittance Transaction Volume by Channel of Remittance (Banks and MTOs) in Percentage (%), 2013-2018
Figure 7-19: Total Number of International Outbound Remittance Transactions from Russia via MTOs by Non-CIS and CIS Countries, in Million, 2013-2018
Figure 7-20: Total Number of International Inbound Remittance Transactions to Russia via MTOs by Non-CIS and CIS Countries, in Million, 2013-2018
Figure 7-21: Russia International Remittance Market Future Projections on the Basis of Transaction Volume in USD Million and Growth Rate in Percentage (%), 2018-2023EE
Figure 7-22: Future Projections of Russia International Remittance Transaction Volume by Channel of Remittance (Banks and MTOs) in Percentage (%), 2018-2023EE
Figure 8-1: Working Model of the Russia Domestic Remittance Market
Figure 8-2: Russia Domestic Remittance Market Size on the Basis of Transaction Volume in USD Billion and Growth Rate in Percentage (%), 2013-2018
Figure 8-3: Russia Domestic Remittance Market Segmentation by Remittance Channel Banks and Non-bank (Russian Post, E-Wallets/Mobile Money Operators and MTOs) on the Basis of Transaction Volume in Percentage (%), 2018
Figure 8-4: Peer to Peer Money Transfer in Russia Domestic Remittance Market by Channel of Remittance (Payment Cards, Bank Account, Russian Post, E-Wallets and Money Transfer operators) in Percentage of Adult Population (%), 2018
Figure 8-5: Russia Domestic Remittance Market Future Projections on the Basis of Transaction Volume in USD Billion and Growth Rate in Percentage (%), 2018-2023EE
Figure 8-6: Russia Domestic Remittance Market Future Projections on the Basis of Number of Transactions in Million, 2018-2023EE
Figure 8-7: Average Transaction Size for Russia Domestic Remittance Market in USD, 2018-2023EE
Figure 8-8: Russia Domestic Remittance Market Segmentation by Remittance Channel Banks and Non-bank (Russian Post, E-Wallets/Mobile Money Operators and MTOs) on the Basis of Transaction Volume in Percentage (%), 2018 and 2023EE
Figure 10-1: Financial Performance of KoronaPay in Terms of Transaction Volume in USD Billion and Growth Rate in Percentage (%), 2014-2018
Figure 10-2: Financial Performance of KoronaPay in Terms of Number of Transaction in Million, 2017-2018
Figure 10-3: Financial Performance of KoronaPay in Terms of Average Transaction Size in USD, 2017-2018
Figure 11-1: Russia Bill Payment Market Size in Terms of Recurring Bills Transaction Volume in USD Billion and Growth Rate in Percentage (%), 2013-2018
Figure 11-2: Russia Recurring Bill Payment Market Segmentation by Type of Bill Payment (Utilities Bill, Mobile Bills, Insurance Premium, Taxi, Education and Others) on the Basis of Transaction Volume in Percentage (%), 2018
Figure 11-3: Number of Mobile Subscriptions in Russia in Million, 2013-2018
Figure 11-4: Russia Electricity Consumption Per-Capita in Thousand kWh, 2013-2018
Figure 11-5: Russia Bill Payment Market Segmentation by Payment Methods (Cash, Credit/Debit Card/E-Wallets and Electronic Transfer) on the Basis of Recurring Bill Transaction Volume in Percentage (%), 2018
Figure 11-6: Money Storage Composition in Russia by Type of Storage Methods in Percentage of Population (%), 2018
Figure 11-7: Russia Bill Payment Market Segmentation by Mode of Payment (Offline and Online) on the Basis of Recurring Bill Transaction Volume in Percentage (%), 2018
Figure 11-8 Russia Bill Payment Market Segmentation by Third Party Platforms and Billers Desk Transaction Volume on the Basis of Recurring Bill Transaction Volume in Percentage (%), 2018
Figure 11-9: Population of Russia Using E-Wallet through Desktop by Occupation in Percentage (%), 2018
Figure 11-10: Population of Russia Using E-Wallet through Mobile by Occupation in Percentage (%), 2018
Figure 11-11: Population of Russia Using E-Wallet by Marital Status in Percentage (%), 2018
Figure 11-12: Population of Russia Using E-Wallet through Desktop by Income in Percentage (%), 2018
Figure 11-13: Population of Russia Using E-Wallet through Mobile by Income in Percentage (%), 2018
Figure 11-14: Population of Russia Using E-Wallet through Desktop by Type of Users in Percentage (%), 2018
Figure 11-15: Population of Russia Using E-Wallet through Mobile by Type of Users in Percentage (%), 2018
Figure 11-16: Population of Russia Using E-Money through Desktop and Smartphone by Categories of Payments in Percentage (%), 2018
Figure 11-17: Population of Russia Using E-Money through Desktop by Categories of Payments in Percentage (%), 2018
Figure 11-18: Population of Russia Using E-Money through Smartphone by Categories of Payments in Percentage (%), 2018
Figure 11-19: Population of Russia Using E-money by Frequency in Percentage (%), 2018
Figure 11-20: Population of Russia Using Non-Cash Payment by Methods in Percentage (%), 2018
Figure 11-21: Brand Awareness Rating of Online Payment Services in Russia in Percentage (%), 2017-2018
Figure 11-22: Financial Performance of QIWI Payment Services on the Basis of Net Revenue Generated in Terms of RUB Million, 2014-2018
Figure 11-22: Financial Performance of QIWI Payment Services on the Basis of Total Payment Services Volume in Terms of RUB Million, 2014-2018
Figure 11-23: Russia Recurring Bill Payment Market Future Projections on the Basis of Recurring Bill Transaction Volume in USD Billion and Growth Rate in Percentage (%), 2018-2023E
Figure 13-1: Type of Usage of Smartphone Applications in Russia in terms of Installation and Frequency of Usage in Percentage of Population (%), 2018
Figure 14-1: WTI Crude Oil Prices per Barrel, in USD, 2013-2018
Figure 14-2: Inflation Rates in Russia, in Percentage (%), 2013-2018
List of Table
Table 2-1: Correlation Matrix of Russia International Remittance Market
Table 2-2: Correlation Matrix of Russia Domestic Remittance Market
Table 2-3: Correlation Matrix of Russia Bill Payment Market
Table 2-4: Regression Coefficients Output for Russia International Remittance Market
Table 2-5: Regression Coefficients Output for Russia Domestic Remittance Market
Table 2-6: Regression Coefficients Output for Russia Bill Payment
Table 4-1: Comparative Analysis of Sending Money through Banks, MTOs and Mobile Money Transfer, 2018
Table 4-2: Region-wise International Migration in Millions
Table 5-1: International and Domestic Remittance Market in Russia, 2013-2018
Table 5-2: National Payment System of Russia, 2013-2018
Table 5-3: Domestic and International Fund transfers on behalf of individuals without a bank account in Terms of Transaction Volume in RUB Billion, 2013-2018
Table 5-4: Domestic and International Fund transfers on behalf of individuals without a bank account in terms of Number of Transactions, 2013-2018
Table 6-1: Money Transfer through Depository and Non-Depository Institutions in Russia Remittance Industry
Table 6-2: Value Chain Analysis with Major Parties and the Problems faced in the Process Involved in Russia International Remittance
Table 6-3: Business Model for MTOs in Russia Remittance Market
Table 7-1: Major Entities Involved in the Russia International Remittance Market and their Role and Challenges
Table 7-2: Rationale and Description for Russia International Remittance Market Size in Terms of Transaction Volume, 2013-2018
Table 7-3: Immigration to Russian Federation by Country of Origin in Terms of Population, 2013-2018
Table 7-4: Emigration from Russian Federation by Destination Countries in Terms of Number of Population, 2013-2018
Table 7-5: Number of Foreign Citizens with Valid Work Permits by Country, 2013-2017
Table 7-6: Number of Foreign Citizens with a Valid Patent to Perform Labor Activities, 2013-2017
Table 7-7: CIS Countries’ Citizens Employed in Russia by Sector from Azerbaijan, Armenia, Belarus and Kazakhstan, in Percentage, 2017
Table 7-8: CIS Countries’ Citizens Employed in Russia by Sector from Kyrgyzstan, Republic of Moldova, Tajikistan and Ukraine in Percentage (%), 2017
Table 7-9: European Union Countries’ Citizens Employed in Russia by Sector from Germany, Poland, UK and Finland in Percentage, 2017
Table 7-10: European Union Countries’ Citizens Employed in Russia by Sector from France, Sweden, Estonia and USA in Percentage, 2017
Table 7-11: Rationale and Description for Russia International Remittance Market by Inbound and Outbound Remittances on the Basis of Transaction Volume, 2013-2018
Table 7-12: Russia International Remittance Market by Outbound and Inbound Remittances on the Basis of Number of Transaction in Million, 2013-2018
Table 7-13: Russia International Remittance Market Size on the Basis of Average Transaction Size in USD, 2013-2018
Table 7-14: Rationale and Description for Russia International Remittance Market by Remittances by Residents and Non-Residents to and from Russia on the Basis of Transaction Volume, 2013-2018
Table 7-15: Russia International Outbound Remittance Transaction Volume by Residents and Non-Residents in USD Million, 2013-2018
Table 7-16: Russia International Inbound Remittance Transaction Volume by Residents and Non-Residents in USD Million, 2013-2018
Table 7-17: Russia Remittance Market Outbound Remittance Transaction Volume by Resident Individuals by Purpose in USD Million, 2013-2018
Table 7-18: Russia Remittance Market Inbound Remittance Transaction Volume by Resident Individuals by Purpose in USD Million, 2013-2018
Table 7-19: Rationale and Description for Russia International Remittance Market by Major Flow Corridors (CIS Countries) on the Basis of Transaction Volume in USD Million, 2013-2018
Table 7-20: Russia International Remittance Market by Major Outbound Remittance Flow Corridors (CIS Countries) on the Basis of Transaction Volume in USD Million, 2013-2018
Table 7-21: Russia International Remittance Market by Major Inbound Remittance Flow Corridors (CIS Countries) on the Basis of Transaction Volume in USD Million, 2013-2018
Table 7-22: Migrants by Country of Origin and Occupational Skills (CIS Countries) in Percentage (%), 2018
Table 7-23: Currency Composition of Russia International Inbound Remittance by Individuals (Residents and Non-residents) in Percentage (%), 2013-2018
Table 7-24: Currency Composition of Russia International Outbound Remittance by Individuals (Residents and Non-residents) in Percentage (%), 2013-2018
Table 7-25: Rationale and Description for Russia International Remittance Market By Major Flow Corridors (Non-CIS Countries) on the Basis of Transaction Volume in USD Million, 2013-2018
Table 7-26: Russia International Remittance Market by Major Outbound Remittance Flow Corridors (Non-CIS Countries) on the Basis of Transaction Volume in USD Million, 2013-2018
Table 7-27: Russia International Remittance Market by Major Inbound Remittance Flow Corridors (Non-CIS Countries) on the Basis of Transaction Volume in USD Million, 2013-2018
Table 7-28: Rationale and Description for Russia International Remittance Market Segmentation by Mode of Remittance Transaction (Cash and Electronic Transfers) on the Basis of Transaction Volume, 2013-2018
Table 7-29: Russia International Remittance Transaction Volume by Mode of Remittance Transaction (Cash Account and Electronic Transfers) in USD Million, 2013-2018
Table 7-30: Comparison of Remittance through Cash and Electronic Transfers in Russia International Remittance Market on the Basis of Fees, Target Audience, Inbound/Outbound and CIS/Non-CIS Countries, 2018
Table 7-31: Rationale and Description for Russia International Remittance Market by Channel of Remittance (Banks and MTOs) on the Basis of Transaction Volume, 2013-2018
Table 7-32: Russia International Remittance Transaction Volume by Channel of Remittance (Banks and MTOs) in USD Million, 2013-2018
Table 7-33: Cross-Comparison of Banks and MTO’s Working in Russia Remittance Market Based on Restrictions on Transfer Amount, Commission Fees, Time Taken for Completion, Geographical Presence and Additional Services, 2018
Table 7-34: Russia International Outbound Remittance Transaction Volume of Remittance via Banks and MTOs by Non-CIS and CIS Countries in USD Million, 2013-2018
Table 7-35: Russia International Outbound Remittance Transaction Volume of Remittance via Banks (by Residents and Non-Residents) by Regions in Russia in USD Million, 2013-2018
Table 7-36: Russia International Inbound Remittance Transaction Volume of Remittance via Banks and MTOs by Non-CIS and CIS Countries in USD Million, 2013-2018
Table 7-37: Russia International Inbound Remittance Transaction Volume of Remittance via Banks (by Residents and Non-Residents) by Regions in Russia in USD Million, 2013-2018
Table 7-38: Average Outbound Remittance Transaction Size via MTOs by Non-CIS and CIS Countries in USD, 2013-2018
Table 7-39: Average Inbound Remittance Transaction Size via MTOs by Non-CIS and CIS Countries in USD, 2013-2018
Table 7-40 : Major Parameters of the Companies for Competing in the Remittance Market in Russia, 2018
Table 7-41: Comparison of Remittance Fees and Transfer Methods of Major MTOs in Russia International Remittance Industry, 2018
Table 7-42: Market Share of Major MTOs in the International Russia MTOs Remittance Market on the Basis of Transaction Volume via MTO in Percentage (%), 2018
Table 7-43: Market Share of Major Banks in the International Russia Bank Remittance Market on the Basis of Transaction Volume via Bank in Percentage (%), 2018
Table 7-44: Strength and Weaknesses of Major Banks in Russia Remittance Market, 2018
Table 7-45: Strength and Weaknesses of Major MTOs in the Russia International Remittance Market, 2018
Table 7-46: Future Outlook for Russia International Remittance Market on the Basis of Transaction Volume, 2019-2023E
Table 7-47: Russia International Remittance Transaction Volume by Channel of Remittance (Banks and MTOs) in USD Million, 2018-2023EE
Table 7-48: Future Projections of Russia International Remittance Transaction Volume by Flow Corridor (CIS and Non-CIS) in USD Million, 2018-2023EE
Table 8-1: Rationale and Description for Russia Domestic Remittance Market Size on the basis of Transaction Volume, 2013-2018
Table 8-2: Russia Domestic Remittance Market Size on the Basis of Number of Transactions in Million, 2013-2018
Table 8-3: Average Transaction Size for Russia Domestic Remittance Market in USD, 2013-2018
Table 8-4: Brief Description of Major Migrant Cities in Russia
Table 8-5: Cross-Comparison of Top Remittance Sender Cities in Russia on the Basis of Population, Number of Migrants, Number of Offices and Working Population, 2018
Table 8-6: Rationale and Description for Russia Domestic Remittance Market Segmentation by Remittance Channel (Non-Bank and Bank), 2018
Table 8-7: Cross Comparison of Banks and Non Banks on the Basis of Mode of Payment, Average Fees, Target Audience, Major Regions and Major Players , 2018
Table 8-8: Russia Domestic Remittance Market Segmentation by Remittance Channel Banks and Non-bank (Russian Post, E-Wallets/Mobile Money Operators and MTOs) on the Basis of Transaction Volume in USD Billion, 2018
Table 8-9: Usage of Mobile and Online Banking in Russia by Type and Region in Percentage of Adult Population (%), 2018
Table 8-10: Usage of Payment Systems in Russia by Type and Region in Percentage of Adult Population (%), 2018
Table 8-11: Market Share of Major Channels in the Domestic Russia Remittance Market on the Basis of Transaction Volume in Percentage (%), 2018
Table 8-12: Strengths and Weaknesses of Major Players in the Russia Domestic Remittance Market
Table 8-13: Russia Domestic Remittance Market Future Outlook and Projections in Terms of Transaction Volume, 2018-2023EE
Table 8-14: Russia Domestic Remittance Market Segmentation by Remittance Channel Banks and Non-bank (Russian Post, E-Wallets/Mobile Money Operators and MTOs) on the Basis of Transaction Volume in USD Billion, 2018 & 2023EE
Table 9 1: Customer Preferences for Choosing Remittance Service Provider in Russia Remittance Market
Table 10-1: Competitive Landscape for Sberbank Including Company Overview, Transaction fees, Future Plans, Employees, Business Segment, Distribution Channel, Transaction Volume and other Parameters, 2018
Table 10-2: Credit Card Portfolio of Sberbank in Russia, 2014-2018
Table 10-3: Debit Card Portfolio of Sberbank in Russia, 2014-2018
Table 10-4: Wire Transfer from Card to Bank Account
Table 10-5: Wire Transfer from Card to Card, 2018
Table 10-6: Wire Transfer from Bank Account to Bank Account, 2018
Table 10-7: Wire Transfer from Bank Account to Card, 2018
Table 10-8: Cash Transfer Non-urgent via Sberbank Office, 2018
Table 10-9: Cash Transfer via Colibri Express Transfer, 2018
Table 10-10: Competitive Landscape for VTB Bank including Bank Overview, Partners Associated, Transaction Fees, Employees and Other Parameters, 2018
Table 10-11: Competitive Landscape for Gazprombank including Bank Overview, Partners Associated, Transaction Fees, Employees and Other Parameters, 2018
Table 10-12: Competitive Landscape for Alfa Bank including Bank Overview, Partners Associated, Transaction Fees, Employees and Other Parameters, 2018
Table 10-13: Company Profile of Russia Post including Company Overview, Operational Information, Money Transfers and Recent Developments, 2018
Table 10-14: Russian Post Total by Individual Volume of Remittance, Domestic Remittance and International Remittance in USD Billion, 2013-2018
Table 10-15: Transfer Fees Charged by Russian Post for Money Transfer in Regions of Russia in RUB, 2018
Table 10-16: Transfer Fees for Sending Money from Russian Post to Other Countries, 2018
Table 10-17: Competitive Landscape for KoronaPay including Company Overview, USP, Future Plans, Recent Development, Business Strategies, Type of services and other Parameters, 2018
Table 10-18: Competitive Landscape for Western Union including Company Overview, USP, Future Plans, Recent Development, Business Strategies, Type of services and other Parameters, 2018
Table 10-19: Number of Agents for Western Union in Russia by Cities, As of 31 December, 2018
Table 10-20: Transfer Fees for Sending Money at Russian Post, of 31 December, As of December, 2018
Table 10-21: Transfer Fees for Sending Money in Bank Locations, As of 31 December, 2018
Table 10-22: Transfer Fees for Sending Money at Megafon, As of 31 December, 2018
Table 10-23: Competitive Landscape for Money Gram including Company Overview, USP, Future Plans, Business Strategies, Type of services and other Parameters, 2018
Table 10-24: Competitive Landscape for Unistream including Company Overview, USP, Future Plans, Business Strategies, Type of services and other Parameters, 2018
Table 10-25: Number of Agents for Unistream in Russia by Cities, As of 31 December, 2018
Table 10-26: Unistream Money Transfer Volume of Transactions, Number of Transactions, and Average Sum of Transfer, 2014 & 2018
Table 10-27: Competitive Landscape for Contact including Company Overview, USP, Future Plans, Business Strategies, Type of services and other Parameters, 2018
Table 10-28: Transfer Fees for Sending Money through Contact System, 2018
Table 10-29: Average Transfer Fee Charged by the Major MTOs for Sending Money within Russia, 2018
Table 11-1: Rationale and Description for Russia Recurring Bill Payment Market and Year-on-Year Developments, 2013-2018
Table 11-2: Rationale and Description for Russia Bill Payment Market Segmentation by Type of Bill Payment (Utilities, Insurance Premium, Taxi, Education and Others) on the Basis of Recurring Bills Transaction Volume in USD Billion, 2018
Table 11-3: Rationale and Description for Russia Bill Payment Market Segmentation by Payment Methods (Cash, Credit/Debit Card/E-Wallets and Electronic Transfer) on the Basis of Recurring Bill Transaction Volume in USD Billion, 2018
Table 11-4: Rationale and Description for Russia Bill Payment Market Segmentation by Online and Offline Transaction Volume on the Basis of Recurring Bill Transaction Volume in USD Billion, 2018
Table 11-5: Comparison of Offline and Online Mode of Bill Payment in Russia Bill Payment Market on the Basis of Fees, Major Entities, Type of Bill Paid and Target Audience
Table 11-6: Rationale and Description for Russia Bill Payment Market Segmentation by Third Party Platforms and Billers Desk Transaction Volume on the Basis of Recurring Bill Transaction Volume in USD Billion, 2018
Table 11-7: Population of Russia Using E-Wallets through Desktop by Age and Gender in Percentage (%), 2018
Table 11-8: Population of Russia Using E-Wallets through Mobile by Age and Gender in Percentage (%), 2018
Table 11-9: Strength and Weakness of the Major Players in the Russia Recurring Bill Payment Market, 2018
Table 11-10: Market Share of Major Players in Russia Recurring Bill Payment Market on the Basis of Transaction Volume in Terms of Percentage(%), 2018
Table 11-11: Mobile Application Downloads for Major Online Payment Servce Provider in Russia in Terms of Million, 2018
Table 11-12: Competitive Landscape for Yandex including Company Overview, USP, Business Strategy, Partners Associated, Number of Transactions, Type of Bill Services and other Parameters
Table 11-13: Competitive Landscape for Visa Qiwi including Company Overview, USP, Business Strategy, Partners Associated, Type of Bill Services, Transaction fees and other Parameters
Table 11-14: Competitive Landscape for WebMoney including Company Overview, USP, Business Strategy, and Total Number of Registrations, Transaction Fees and other Parameters
Table 11-15: Competitive Landscape for A3 System including Company Overview, USP, Business Strategy, Partners Associated, Type of Bill Services, Transaction fees and other Parameters
Table 11-16: Competitive Landscape of Other E-Wallets in Russia Bill Payment Market
Table 11-17: Major M-Wallets in Russia
Table 11-18: Parameters Related to E-money License in Russia VS European Union
Table 11-19: Major M-PoS Players in Russia
Table 11-19: Snapshot on Near Field Communication in Russia, 2018
Table 11-20: Russia Bill Payment Market Future Projections in Terms of Recurring Bill Transaction Volume, 2018-2023E
Table 11-21: Future Projections of Bill Payment Market by Mode of Payment in terms of Recurring Bill Transaction Volume in Percentage (%), 2018 & 2023E
Table 12-1: SWOT Analysis of Russia Remittance and Bill Payments Market, 2018
Table 15-1: Government Regulations in Russia Remittance Industry, 2018
Table 15-2: Government Regulations Residency Permit in Russia, 2018
Table 16-1: Analyst Recommendation for Russia Remittance & Bill Payment Market
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