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The Cards and Payments Industry in Russia: Emerging Trends and Opportunities to 2020

The Cards and Payments Industry in Russia: Emerging Trends and Opportunities to 2020

Synopsis

Timetric’s 'The Cards and Payments Industry in Russia: Emerging Trends and Opportunities to 2020' report provides detailed analysis of market trends in the Russian cards and payments industry. It provides values and volumes for a number of key performance indicators in the industry, including check payments, payment cards, cash transactions, direct debits and credit transfers during the review period (2011–2015).The report also analyzes various payment card markets operating in the industry, and provides detailed information on the number of cards in circulation, and transaction values and volumes during the review period and over the forecast period (2016–2020). It also offers information on the country's competitive landscape, including the market shares of issuers and schemes.The report brings together Timetric’s research, modeling, and analysis expertise to allow banks and card issuers to identify segment dynamics and competitive advantages. The report also covers details of regulatory policy, and recent changes in the regulatory structure.

Summary

Timetric’s 'The Cards and Payments Industry in Russia: Emerging Trends and Opportunities to 2020' report provides top-level market analysis, information and insights into the Russian cards and payments industry, including:

  • Current and forecast values for each market in the Russian cards and payments industry, including debit and credit cards
  • Detailed insights into payment instruments including credit transfers, direct debits, cash transactions, checks and payment cards, and an overview of the country's key alternative payment instruments
  • E-commerce market analysis
  • Analysis of various market drivers and regulations governing the Russian cards and payments industry
  • Detailed analysis of strategies adopted by banks and other institutions to market debit and credit cards
  • Comprehensive analysis of consumer attitudes and buying preferences for cards
  • The competitive landscape in the Russian cards and payments industry
Scope

  • This report provides a comprehensive analysis of the Russian cards and payments industry.
  • It provides current values for the Russian cards and payments industry for 2015, and forecast figures to 2020.
  • It details the different demographic, economic, infrastructural and business drivers affecting the Russian cards and payments industry.
  • It outlines the current regulatory framework in the industry.
  • It details marketing strategies used by various banks and other institutions.
  • Reasons To Buy
    • Make strategic business decisions, using top-level historic and forecast market data related to the Russian cards and payments industry and each market within it.
    • Understand the key market trends and growth opportunities in the Russian cards and payments industry.
    • Assess the competitive dynamics in the Russian cards and payments industry.
    • Gain insights into marketing strategies used for various card types in Russia.
    • Gain insights into key regulations governing the Russian cards and payments industry.
    Key Highlights
    • Following the invasion of Crimea on March 18, 2014, the US government imposed sanctions against Russia in March 2014. Consequently, Visa and MasterCard stopped processing card payments in the country. To counteract this move, the Russian government launched the National Payment Card System (NPCS) on April 1, 2014, followed by the Mir national payment card in December 2015. The Russian government plans to issue Mir cards on a large scale in 2016, and promote the cards among government employees. A total of 35 banks have expressed an interest in issuing Mir cards, with seven already issuing them during the pilot.
    • The uptake of alternative payments among Russian consumers is gaining traction as a result of the availability of options such as Yandex.Money, WebMoney, Moneta and PayPal. Banks and payment service providers are also investing in offering customers a choice of payment option, whether in-store, at home or mobile. Most recently in August 2015, Visa and Russian payment service provider Qiwi launched the Visa Qiwi Wallet. Apart from making payments, the co-branded digital wallet can also be used to receive and transfer money worldwide. Visa Qiwi Wallet accounts can be topped up at 100,000 Qiwi kiosks throughout Russia, by linking to a bank card or mobile phone account. This initiative is expected to further shift consumer focus on alternative payments.
    • Contactless technology is expected to gain prominence among Russian consumers. Banks and payment service providers are also keen to promote contactless technology, and are launching new services to increase its uptake. The latest of these is the launch of the Visa Qiwi Wallet, which incorporates Visa’s payWave contactless technology, in August 2015. In June 2014, Russia Standard Bank entered into an agreement with Samsung Electronics and MasterCard to launch a contactless payment service for NFC-enabled Samsung smart phones. As part of the agreement, users of Samsung Galaxy S4 and Samsung Galaxy Note 3 devices can make contactless mobile payments (m-payments) using MasterCard’s PayPass technology. These initiatives are anticipated to provide a push to contactless payments in the country.


    • Definitions and Methodology
      • Definitions
        • Table Key Definitions
      • Methodology
        • Table Annual Average Exchange Rate
    • Key Facts and Events
      • Table Russia - Key Facts, 2015
      • Table Regional Benchmarking of Russian Payment Cards, 2015
    • Executive Summary
    • Payment Instruments
      • Current Payment Environment
    • E-Commerce
      • E-Commerce Market Analysis
    • Alternative Payments
      • Alternative Payment Instruments
        • Yandex.Money
        • WebMoney
        • Visa Qiwi Wallet
        • Moneta
        • PayPal
        • MasterPass
    • Regulations in the Cards and Payments Industry
      • Regulatory Framework
        • Minimum authorized and equity capital requirement
        • Rules pertaining to foreign participation
        • Capital adequacy requirements
      • Anti-Money Laundering (AML)
      • Foreign Direct Investment (FDI) Regulations
        • Table Russia - Mode of Entry of Foreign Banks
    • Analysis of Cards and Payments Industry Drivers
      • Demographic Drivers
      • Economic Drivers
      • Infrastructure Drivers
      • Business Drivers
    • Market Segmentation and New Product Launches
      • Market Segmentation and Targeting
        • Consumer cards
          • Table Cards for High-Income Consumers, 2016
          • Table Cards for Travelers, 2016
          • Table Cards for Shoppers, 2016
          • Table Cards for Students and Young People, 2016
        • Commercial cards
          • Table Commercial Cards Comparison and Key Features, 2016
      • New Product Launches
        • Table Russia - New Product Launches
    • Payment Cards
      • Payment Cards Market Analysis
        • Volume and value of payment card transactions by type
    • Debit Cards
      • Debit Card Market Analysis
        • Turnover per debit card and transaction values by channel
        • Debit card scheme and issuer shares in terms of transaction value
        • Debit cards comparison
          • Table Russia - Debit Card Comparisons and Key Features, 2016
    • Credit Cards
      • Credit Card Market Analysis
        • Turnover per credit card and transaction values by channel
        • Credit card scheme and issuer shares in terms of transaction values
        • Credit cards comparison
          • Table Russia - Gold Credit Cards Comparison and Key Features, 2016
          • Table Russia - Premium Credit Cards Comparison and Key Features, 2016
    • Commercial Credit Cards
      • Commercial Credit Card Market Analysis
        • Commercial credit cards comparison
          • Table Russia - Commercial Credit Card Comparisons and Key Features, 2016
    • Card Issuers
      • Sberbank
      • VTB24
      • Russian Standard Bank
      • OTP Bank
      • Raiffeisen Bank
    • Prepaid Cards
      • Prepaid Card Market Analysis
        • Prepaid cards comparison
          • Table Russia - Prepaid Card Comparisons and Key Features, 2016
    • Merchant Acquiring
      • Merchant Acquiring Market Analysis
    • Appendix
      • Tables
        • Table Russia - Payment Instrument Transaction Values (RUB Billion), 2011-2015
        • Table Russia - Payment Instrument Transaction Values (US$ Billion), 2011-2015
        • Table Russia - Payment Instrument Transaction Volumes (Million), 2011-2015
        • Table Russia - Number of Payment Cards in Circulation by Type (Million), 2011-2020
        • Table Russia - Volume of Payment Card Transactions by Type (Million), 2011-2020
        • Table Russia - Value of Payment Card Transactions by Type (RUB Billion), 2011-2020
        • Table Russia - Value of Payment Card Transactions by Type (US$ Billion), 2011-2020
        • Table Russia - Number of Debit Cards in Circulation (Million), 2011-2020
        • Table Russia - Debit Card Transaction Volumes and Frequency by Channel, 2011-2020
        • Table Russia - Debit Card Total and Average Transaction Values by Channel, 2011-2020
        • Table Russia - Number of Debit Cards in Circulation by Scheme (Million), 2011-2015
        • Table Russia - Debit Card Transaction Values by Scheme (RUB Billion), 2011-2015
        • Table Russia - Debit Card Transaction Values by Scheme (US$ Billion), 2011-2015
        • Table Russia - Debit Card Transaction Values by Issuer (RUB Billion), 2011-2015
        • Table Russia - Debit Card Transaction Values by Issuer (US$ Billion), 2011-2015
        • Table Russia - Number of Credit Cards in Circulation (Million), 2011-2020
        • Table Russia - Credit Card Transaction Volumes and Frequency by Channel, 2011-2020
        • Table Russia - Credit Card Total and Average Transaction Values by Channel, 2011-2020
        • Table Russia - Number of Credit Cards in Circulation by Scheme (Million), 2011-2015
        • Table Russia - Credit Card Transaction Values by Scheme (RUB Billion), 2011-2015
        • Table Russia - Credit Card Transaction Values by Scheme (US$ Billion), 2011-2015
        • Table Russia - Credit Card Transaction Values by Issuer (RUB Billion), 2011-2015
        • Table Russia - Credit Card Transaction Values by Issuer (US$ Billion), 2011-2015
        • Table Russia - Personal and Commercial Credit Card Transaction Volumes (Million), 2011-2020
        • Table Russia - Personal and Commercial Credit Card Transaction Values (RUB Billion), 2011-2020
        • Table Russia - Personal and Commercial Credit Card Transaction Values (US$ Billion), 2011-2020
        • Table Russia - Number of Commercial Credit Cards in Circulation (Thousand), 2011-2020
        • Table Russia - Commercial Credit Card Transaction Values (RUB Billion), 2011-2020
        • Table Russia - Commercial Credit Card Transaction Values (US$ Billion), 2011-2020
        • Table Russia - Commercial Credit Card Transaction Volumes (Million), 2011-2020
        • Table Russia - Number of Prepaid Cards in Circulation (Million), 2011-2020
        • Table Russia - Prepaid Card Transaction Values (RUB Billion), 2011-2020
        • Table Russia - Prepaid Card Transaction Values (US$ Billion), 2011-2020
        • Table Russia - Merchant Acquiring Transaction Volume by Card Type (Million), 2010-2019
        • Table Russia - Merchant Acquiring Transaction Value by Card Type (RUB Trillion), 2011-2020
        • Table Russia - Merchant Acquiring Transaction Value by Card Type (US$ Billion), 2011-2020
        • Table Russia - Acquirers' Transaction Volume (Million), 2011-2015
        • Table Russia - Acquirers' Transaction Value (RUB Billion), 2011-2015
        • Table Russia - Acquirers' Transaction Value (US$ Billion), 2011-2015
        • Table Russia - Retail Outlets and Card Accepting Merchants (Thousand), 2011-2020
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