Russia Remittance and Bill Payments Market Outlook to 2023: Ken Research REQUEST FOR SAMPLE REPORT Buy Now Request For sample Report × Report Title Name Email Designation Phone No Comapny Name Comapny URL Country -- Please Select Your Country -- Afganistan Africa Albania Algeria Andorra Angola Anguilla Antigua and Barbuda Argentina Armenia Aruba Asia Australasia Australia Austria Azerbaijan Bahamas Bahrain Bangladesh Barbados Belarus Belgium Belize Benin Bermuda Bhutan Bolivia Bonaire Bosnia Herzegovina Botswana Brazil BRICS British Virgin Islands Brunei Darussalam Bulgaria Burkina Faso Cambodia Cameroon Canada Cape Verde Cayman Islands Central African Republic Central and South America Chad Chile China Colombia Comoros Congo Costa Rica Cote d'Ivoire Croatia Cuba Curacao Cyprus Czech Republic Denmark Djibouti Dominica Dominican Republic Ecuador Egypt El Salvador Equatorial Guinea Eritrea Estonia Ethiopia Europe European Union Falkland Islands Faroe Islands Fiji Finland France French Guiana French Polynesia Gabon Gambia Georgia Germany Ghana Gibraltar Global Great Britain Greece Greenland Grenada Guadeloupe Guam Guatemala Guerney & Alderney Guinea Guinea-Bissau Guyana Haiti Honduras Hong Kong Hungary Iceland India Indonesia Iran Iraq Ireland Isle of Man Israel Italy Ivory Coast Jamaica Japan Jersey Jordan Kazakhstan Kenya Kiribati Kosovo Kuwait Kyrgyzstan Laos Latvia Lebanon Lesotho Liberia Libyan Arab Jamahiriya Liechtenstein Lithuania Luxembourg Macao Macau Macedonia Madagascar Malawi Malaysia Maldives Mali Malta Man (Island of) Marshall Islands Martinique Mauritania Mauritius Mayotte Mexico Micronesia Middle East Minnesota Moldova Monaco Mongolia Monserrat Montenegro Morocco Morroco Mozambique Myanmar Namibia Nepal Netherlands New Caledonia New Zealand Nicaragua Niger Nigeria Niue North America North Korea Norway Oman Pakistan Palau Palestine Panama Papua New Guinea Paraguay Peru Philippines Poland Portugal Puerto Rico Qatar Reunion Romania Russia Rwanda Saint Helena Saint Lucia Saint Martin Saint Pierre and Miquelon Saint Vincent and the Grenadines Samoa Samoa (American) San Marino Sao Tome and Principe Saudi Arabia Scandinavia Senegal Serbia Seychelles Sierra Leone Singapore Sint Maarten Slovakia Slovenia Solomon (Islands) Somalia South Africa South Korea South Sudan Spain Sri Lanka Sudan Suriname Svalbard and Jan Mayen Islands Swaziland Sweden Switzerland Syria Taiwan Tajikistan Tanzania Thailand Timor Leste Togo Tonga Trinidad and Tobago Tunisia Turkey Turkmenistan Turks and Caicos Islands Uganda Ukraine United Arab Emirates United Kingdom United States Uruguay Uzbekistan Vanuatu Vatican City Venezuela Vietnam Virgin Islands Western Sahara Yemen Zambia Zimbabwe Requirement Submit 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. To learn more about this report Download a Free Sample Report 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 For More Information on the Research Report, Click on the below link:- Russia Remittance and Bill Payments Market Related Reports by Ken Research:- Singapore International Remittance Market Outlook to 2023 – By Inbound & Outbound Remittance, By Banking and Non-Banking Channel, By Inflow & Outflow Remittance Corridors Philippines Remittance and Payments Market Outlook to 2024 – Growth Backed by Sustained Internal Migration, Rise in Overseas Filipino Workers and Surge in BPO Sector Europe International Remittance Market Outlook to 2023 – By Inbound & Outbound Remittance, By Channels (Banks, MTOs, M-wallets and Others), By Inflow & Outflow Remittance Corridors, By Point of Contact (Branch Pick-up, Mobile Payment & Online Transactions, Prepaid Cards Contact Us:- Ken Research Ankur Gupta, Head Marketing & Communications Ankur@kenresearch.com +91-9015378249 Post Views: 5 Tags: Alfa Bank Russia Remittance and Bill Payments Market Revenue, Average Bill Payment Market Russia, Average Fund Transfer Russia International Remittance Market, Average Remittance Transactions Russia, Banking Channel Money Transfer Russia, Banks Channels Russia Remittance Market, Bill Payments Industry Russia, Bill Payments Market Russia, Cash Transfer Russia Remittance Market, Central Bank Russia Remittance Market, Contact Payment Services Market Russia, CONTACT(QIWI) Remittance Market Revenue Russia, Convenience Stores Bill Payment Russia, Domestic Remittance Transactions Russia, Door to Door Delivery Remittance Russia, E-Money Remittance Market Size, Electronic Transfers Russia Remittance Market, Europe Remittance and Bill Payments Market, Flow Corridor Remittance Russia, Gazprombank Russia Remittance and Bill Payments Market Size, Germany International Remittance Market, Global Remittance and Bill Payments Market, Inbound Remittance Market Russia, Industry Research Report Of Russia Remittance and Bill Payments, Insurance Premium Bill Payment Market Russia, Kazakhstan International Remittance Market, KoronaPay Remittance Market Size Russia, Kyrgyzstan International Remittance Market, Latvia International Remittance Market, Market Research Report Of Russia Remittance and Bill Payments, Mobile Money Companies Russia Remittance Market, Mobile Phone Payment Market Russia, Money Gram Remittance Market Shares Russia, Money Transfer Operators in Russia, Money Transfer Operators Russia Remittance Market, MTOs Channels Russia Remittance Market, Non Banks Channels Russia Remittance Market, Non Residents Russia International Remittance Market, Number of Transactions Russia International Remittance Market, P2P Domestic Remittance Market, Pawnshops Russia Remittance Market, Penetration Mobile Money Transfers Russia, Remittance and Bill Payments Industry In Russia, Remittance and Bill Payments Market In Russia, Residents Russia International Remittance Market, Russia Bill Payments Market Growth, Russia Domestic Money Transfer Future, Russia Domestic Remittance Market, Russia Domestic Remittance Migrants, Russia Domestic Remittance Transaction Volume, Russia International Money Transfer Industry, Russia International Remittance Market, Russia International Remittance Market Growth, Russia Remittance and Bill Payments Industry, Russia Remittance and Bill Payments Industry Research Report, Russia Remittance and Bill Payments Market, Russia Remittance and Bill Payments Market Analysis, Russia Remittance and Bill Payments Market competition, Russia Remittance and Bill Payments Market Forecast, Russia Remittance and Bill Payments Market Growth, Russia Remittance and Bill Payments Market Major Players, Russia Remittance and Bill Payments Market Research Report, Russia Remittance and Bill Payments Market Revenue, Russia Remittance and Bill Payments Market Shares, Russia Remittance and Bill Payments Market Size, Russia Remittance and Bill Payments Market Trends, Russia Remittance Bill Payment Companies, Russia Remittance Credit Cards Payment Market, Russia Remittance Debit Cards Payment Market, Russia Remittance Direct Bank Transfer Payment Market, Russia Remittance Industry, Russia Remittance Market, Russia Remittance Offline Payment Market, Russia Remittance Online Payment Market, Russian Bill Payments Expenditure, Russian Cross Border Remittance Size, Russian Outbound Remittance Market, Sberbank Russia Remittance and Bill Payments Market Revenue, Switzerland International Remittance Market, Tajikistan International Remittance Market, Third Party Bill Payment Market Russia, Transportation Bill Market Russia, UK International Remittance Market, Ukraine International Remittance Market, Unistream Remittance Market Size Russia, USA International Remittance Market, Utilities Bill Market Russia, Uzbekistan International Remittance Market, VTB Bank Russia Remittance and Bill Payments Market Shares, Western Union Remittance And Bill Payment Market Size Russia, Внутренний рынок денежных переводов России, Европейский рынок денежных переводов и платежей, Количество сделок Россия Международный рынок денежных переводов, Небанковские каналы направляют российский рынок денежных переводов, Российский рынок денежных переводов и вексельных платежей, Рост международного рынка денежных переводов в России, Рынок платежей по кредитным картам в России