Russia Payment Services Market Research Report to 2025: 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 How Payment Services market is positioned in Russia? Russia is located in Eastern Europe with an area of around 17,098,242 square km and is home to around 144.5 million populations, as at 31st December 2018. With around 63.2% smartphone penetration rate, the country has come a long way in developing the Payment Services infrastructure and adapting to the simultaneous change in customer payment preferences for non-cash payment services. As per our framework, Russia was observed at a ‘Converging’ stage in terms of its progression towards becoming cashless, ahead of economies such as India, Indonesia and Saudi Arabia while lagging behind United States and Australia. The Y-o-Y nominal GDP growth rate was observed to be 7.3% for the past six years with a simultaneous reduction in the share of Shadow Economy which stood at around RUB 12.7 Trillion as at 31st December 2018. To learn more about this report Download a Free Sample Report The number of non-cash transactions were recorded at ~ in 2018, an increase by CAGR of ~ during 2013-2018. The non-cash payments were dominated by Payment Cards owing to its easy availability and high number of users. While the introduction of domestic payment system, MIR cards, usage of NFC Technology backed contactless payments are expected to reap benefits in terms of covering the unbanked population and increasing the usage of non-cash transactions, the competitive landscape is expected to become fiercer; thereby taking heavy toll on margins for every participant. A change in user’s demand for a ubiquitous payment resource that offers broader reach for payments is gaining traction, enabling incumbent firms to search for alternative strategies to remain profitable in the market. Introduction of white label schemes under different segments and simultaneous partnerships with Big Tech companies are some of the suggested strategies for the players in the payment services market. Russia ATM Terminals market: Changing industry dynamics The ATM terminals industry was characterized at a juncture, facing continuous innovation in terms of cash recyclers with white label scheme of operations and declining usage and reducing base of installed terminals. The number of installed ATM Terminals was observed to be ~ as at 31st December, which processed around ~ number of transactions in 2018. The annual volume of transaction per ATM terminal is continuously rising with a subsequent reduction in the average value of a transaction; highlighting the usage of ATM terminals for small value transactions as well. Segmentation: By Type of Transactions (Financial and Non-Financial): The demand for cash withdrawals transactions have fairly remained around ~ during study period. The increase in the usage of ATM terminals for non-financial transaction including bill payments has been on the rise, with a share of around ~% in 2018. The negligible commission charges for payment through ATM terminals make it a preferred mode for payment by the users. By Geographical Location: The installation of ATM terminals is highly dependent on the population density and area of the region. the trade-off between cost of installation and the expected revenue influences the location of installation of the terminal. While Central Federal district leads the segmentation with ~ % share, regions such as Urals and Southern Federal district have less number of ATM terminals per 1,000 populations. Competitive Landscape: ATM Manufacturers: A concentrated industry space with 4 major players competing on the basis of price, quality, level of innovation, after-sales services through a tie-up with ATM Management Company, and other parameters. ATM Management Company: A highly fragmented market space with partnerships in different segments being the core business model. The firms majorly compete on prices of FLM and SLM, SLA, partner manufacturer supported, geographical areas supported, and others. Snapshot on Cash Management Companies: There are majorly 3 players operating in the industry supporting management of cash-in-transit. Such companies have partnered with installing entities and ATM management service providers to get contracts. Slow growth in cash-in-transit management is expected owing to the reducing usage of ATM Terminals for cash withdrawal transactions. Future Outlook: The numbers of ATM terminals located in Russia are expected to reach ~ by 2025E. This would be majorly led by the rising profitability concerns of the installing entities owing to the decrease in the usage of cash by the customer. The introduction of cash recyclers and implementation of the White Label Scheme by ATM management companies could change the industry dynamics. Russia POS Terminals Market: Shaping the Future The POS Terminals segment forms a major part of the acquiring business for credit organizations. The number of POS terminals as at 31st December 2018, stood at ~ facilitating the processing of around ~ number of transactions. A higher commission charge is detrimental to the increasing installed base of POS terminals by the small turnover merchants, which lends much space for the new entrant to ease the pain-point and gain high market share in less time frame. Although the demand of Mobile POS devices is rising, much innovation in POS Terminals in terms of contactless, supporting e-wallet and contactless payment transactions is expected in the coming years. The introduction of white label scheme with lower commission charges could be the new business model for the players operating in the industry. Key Segments Covered: – Russia Payment Services Market By Cash and Non-Cash Payments Russia Terminals Market (Banking ATMs) By Transaction Type (Financial and Non-Financial) By Geographical Location (Federal Districts wise) Russia Terminals Market (POS Terminals) By End-User (Retail, Delivery, Restaurant, Healthcare and Others) By Type of Devices (Fixed and Mobile) By Geographical Location (Federal Districts wise) Russia Payment Cards Market By Type of Cards (Debit and Credit Cards) By Type of Cardholder (Individual and Legal Entities) By Type of Transactions (Cash Withdrawals, Payment Transactions and Others) Russia Payment Aggregators Market By Type of Merchant Services (Payment Aggregator, Payment Gateways and Particular Instruments) Time Period Captured in the Report: Historical Period – 2013-2018 Forecast Period – 2018-2025 Companies Covered: ATM Terminals Market NCR Corporation Diebold Nixdorf Nautilus Hyosung Oki Indemit, Lanit ATM, MultiCarta Ridgast POS Terminals Market Ingenico Verifone PAX E-Money Operators Yandex.Money QIWI WebMoney PayPal Payment Aggregators Market Yandex.Checkout Robokassa UnitPay Payeer PayAnyWay Payment Cards Market VISA MasterCard NSPK, Sberbank Alfa Bank VTB 24 Novacard Rosan Finance Alioth Key Topics Covered in the Report Demographic Analysis of Russia Consumer Profile in Russia Economic Analysis of Russia Shadow Economy of Russia Consumer Adaptability of Non-Cash Payments Russia Payment Infrastructure of Non-Cash Payments Russia Ken Research Framework of Payments Landscape Cross Comparison of Russia with other developed, developing and emerging economies Russia ATM Terminals Market Overview, Market Size and Introduction Competitive Landscape of ATM Manufacturers and ATM Management Companies Future Outlook on ATM Terminals industry by Number of ATM Terminals and Number of Transactions Russia POS Terminals Market Overview, Genesis and Size Competitive Landscape of POS Terminal Manufacturers including Market share and Company Profiles Future Outlook of POS Terminals; By Installed base, Number of Transactions and By Type of Devices Russia Payment Cards Market Overview, Genesis and Market Size Card Holder Profile in Russia Competitive Landscape of Issuers and Payment System Operators in Payment Cards Market Snapshot on Card Manufacturing Companies Future Outlook of Payment Cards Industry; By Number of Users, By Number of Cards in Circulation, By Type of Cards and By Type of Transactions Russia E-Money Market Introduction, Overview and Genesis Company Profile of Yandex.Money, QIWI, WebMoney and PayPal Russia Payment Aggregator Market Introduction, Overview and Market Size Competitive Landscape of Major Players Company Profile of Yandex.Checkout, Robokassa, UnitPay, Payeer and PayAnyWay Future Outlook of Russia Payment Aggregator Market Analyst Recommendations for Russia Payment Services Market Suggested Strategies to ensure Business Sustainability For More Information on the Research Report, refer to below links: – Russia Payment Services Market Related Reports by Ken Research India Payment Services Market Research Forecast to 2023 – By Online Payments, M-PoS, IMPS, AePS, USSD-BHIM Transactions, UPI, M-Wallet, PoS Terminal, Payment Gateways, CUG Cards and Payment Security Segment Russia Remittance and Bill Payments Market Outlook to 2023 – By Domestic Remittance Banking & Non Banking Channels; International Remittance Flow Corridors and Channel; and Bill Payment Segment Indonesia Domestic and International Remittance Market Outlook to 2023 – By Inbound & Outbound Remittance, By Banking and Non-Banking Channel, By Income Level Group and By Inflow and Outflow Remittance Corridors Contact Us:- Ken Research Ankur Gupta, Head Marketing & Communications Ankur@kenresearch.com +91-9015378249 Tags: API Market Russia, ATM Terminals Future Russia, Benefits E-Wallet Russia, Blockchain in Payment Aggregator Russia, Business Model POS Russia, Card Manufacturing Industry Russia, Card Manufacturing Russia, Cash Withdrawals Transaction Russia, Commission charges Payment Platform Russia, Commission Charges QIWI, Commission charges Yandex.Money, Commission on POS transaction Russia, Contactless Payments Threats Russia, Declining Trend ATM Terminals Russia, Digital Credit at POS, Disruptive Model POS terminal Russia, District Wise ATM Installed Russia, E-wallet operators Russia, E-Wallet Services Russia, Future Non-cash Payments Russia, Growth Rate Non-Cash Payments Russia, Integrated Merchant Websites Future, Major Players Card Manufacturing, Market share of Robokassa, Market share of Yandex.Checkout, MPOS Manufacturers Russia, MPOS number and uses Russia, Non-Cash Payments Number, Non-Cash Transaction Value Russia, Number of ATM Terminals Russia, Number of Cash Transactions Russia, Number of Credit Card Transactions Russia, Number of Credit Cards Issued Russia, Number of POS transactions Russia, Number of Self employed people Russia, Number of Transactions at ATM Russia, Operating Model Debit Cards Russia, Operating Model POS Terminal Russia, Payment Gateway Linkage Procedure, Payment Services Market in Russia, Payment Spend in Russia, POS Terminal Installed Base Russia, POS Terminals Future Russia, Potential API Market Russia, Presentation Payment Aggregator Russia, Price of Mobile POS Russia, Profitability concerns ATM Russia, Profitability POS Russia, Region wise ATM installed Russia, Revenue POS Terminals Russia, Russia Credit Card Users, Russia Debit Card Users, Russia E-Money Overview, Russia Payment Aggregator Overview, Russia Payment Services Industry Research Report, Russia Payment Services Market, Russia Payment Services Market Research Report, Type of Cardholder Russia, Use of POS by industries Russia, Value of Shadow Economy Russia, Value of Transactions at ATM Russia, White Label Scheme ATM Russia, White Label Scheme POS Russia