Russia 2017/2018

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Payment Organization

National Payments Council Association. 

National Payment Card System (NCPS). 

Domestic Card Brand

MIR cards, also co-badged Mastercard, VISA, JCB, or UnionPay. 

Zolotaya Korona “Golden Crown” cards  

Universal Electronic Card (UEC) as electronic ID-cards. 

Market Structure

Most cards are issued under ‘payroll schemes’ and are primarily used for cash withdrawals, though POS payments are growing rapidly year by year. Credit card issuance has increased as well.

In 2016, the Russian banks started the domestic MIR card payments system, designed to take on VISA and Mastercard. 

Sberbank, the Savings Bank of the Russian Federation, dominates the retail banking market, followed by VTB. 

Alfa-Bank is the biggest private bank. 

Société Générale (Rosbank), UniCredit and Raiffeisen have the biggest western-owned networks. 

In 2015, CBR published a Core Russian Banks list of 20 banks and a Core Russian Payment services providers list of 51 institutions. 

The state, CBR and Russian banks setup a FinTech Association for the development and introduction of digital technological solutions. 

Notable Market Trends

Rollout of contactless cards and POS terminals; HCE NFC pilots; money transfer card-to-card at ATMs. 

Statistical Key Figures for 2016 provided in this profile:

UPDATED: tables with card business data 2012-2016; growth rates: Y-o-Y, CAGR

Population, Cards per Capita, Card Value per Capita

Debit Cards, Credit/Delayed Debit Cards, Total Cards

Card payments by number and by value, ATV per card, payments per card/year

ATMs, POS terminals, ATMs/POS terminals per 1 million capita

ATM withdrawals by number/by value, ATV per withdrawal, TXs per ATM/month

POS payments by number/by value, ATV per POS payment, TXs per POS/month

Internet Use, e-payment mix, B2C e-Commerce by value and growth rate

Issued Card brands by individual major issuer bank

Accepted card brands by individual major acquirer

Drill down into the debit card use and credit cards use details

Product information

Digital product provided in PDF format. You will receive a download link to a zip file containing your files after checkout. 

Version

1.0.0 last updated 2nd December 2017