Payment Card Year Books

Russia 2019/2020

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Payment Organisation

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 Bank. 

Alfa-Bank is the biggest private bank. Société Générale (Rosbank), UniCredit and Raiffeisen have the biggest western-owned networks. 

Mobile wallet apps are offered by all leading Russian banks. 

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

Ongoing and significant consolidation in terms of the number of banks. Increasing levels of state ownership through consolidation. 

Notable Market Trends

Contactless rollout: MIR cards, POS terminals, HCE NFC pilots, money transfer card-to-card at ATMs, ‘Giant’ Pays, Huawei Pay. Faster Payments (2019), rapidly increasing Card Not Present (CNP) fraud. 

Statistical Key Figures for 2018 provided in this profile:

UPDATED: tables with card business data 2014-2018; 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

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Version

1.1 last updated 12th January 2020