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Payments Landscape in Russia: Opportunities and Risks to 2022 | Sberbank, VTB Bank, OTP Bank, Russian Standard Bank, Alfa-Bank, Gazprombank, Raiffeisen Bank, Societe Generale Group, Bank Uralsib

02-19-2019 02:36 PM CET | Business, Economy, Finances, Banking & Insurance

Press release from: ReportsWeb

Payments Landscape in Russia Market

Payments Landscape in Russia Market

Publisher's "Payments Landscape in Russia: Opportunities and Risks to 2022", 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 credit transfers, direct debits, cash, and cards during the review-period (2014-18e).

Payments Landscape in Russia Market research report is being presented with a motive to enrich readers by offering an extensive and explicit analysis of Payments Landscape in Russia industry. The report covers each characteristic of the Payments Landscape in Russia industry including market growth.

Top Key Players:

Sberbank, VTB Bank, OTP Bank, Russian Standard Bank, Alfa-Bank, Gazprombank, Raiffeisen Bank, Societe Generale Group, Bank Uralsib, UniCredit Bank, Mastercard, Visa, Mir, Golden Crown, American Express.

Get Sample Copy of this Report at https://www.reportsweb.com/inquiry&RW00012485787/sample

This 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, and cards. It also, includes 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.

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.

Get discount on Purchase report @ https://www.reportsweb.com/inquiry&RW00012485787/discount

Scope

-A federal law signed by the Russian president in May 2017 mandated that all public sector employees and workers who receive welfare benefits from federal or state funds to migrate to Mir payment cards from July 1, 2018. To increase acceptance in international markets, these cards are now being issued as co-badged cards with American Express, JCB and Mastercard.

-Alternative payments are gradually gaining adoption in Russia. Consequently several players are entering this market to capitalize on its growth. Most recently, Google Pay-initially launched as Android Pay-was introduced to Russian customers in May 2017. This solution enables users to make in-app, in-store and online payments using the payment card details stored in the wallet. Several leading players are also present in the mobile payments space in Russia, including Samsung Pay, launched in September 2016, and Apple Pay, which was launched in October 2016. Yandex.Money, launched in 2002, is now one of the most popular payment solutions in Russia; as of December 2018, the solution serves around 46 million users.

-Contactless card usage in Russia is gradually on the rise, supported by a rise in consumer adoption and merchant acceptance of contactless payments during the Fifa World Cup. More specifically, Visa-which was the official payment service partner of Fifa in 2018-enabled over 3,500 POS terminals in stadiums to accept contactless payments. According to data published by Visa in July 2018, over 50% of purchases made by Visa cardholders in the tournament venues were made through contactless technology, including cards and mobile apps. In addition, to boost contactless payments in 2018, Russian banks introduced contactless ATMs, which enabled users to make transactions via Apple Pay, Samsung Pay and Google Pay.

Table of Contents:

Market Overview

Executive Summary

Card-based Payments

Merchant Acquiring

E-commerce Payments

Mobile Proximity Payments

P2P Payments

Bill Payments

Alternative Payments

Payment Innovations

Payments Infrastructure & Regulation

Appendix

Purchase a Copy of Report at https://www.reportsweb.com/buy&RW00012485787/buy/2750

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ReportsWeb is a one stop shop of market research reports and solutions to various companies across the globe. We help our clients in their decision support system by helping them choose most relevant and cost effective research reports and solutions from various publishers.

The market research industry has changed in last decade. As corporate focus has shifted to niche markets and emerging countries, a number of publishers have stepped in to fulfil these information needs. We have experienced and trained staff that helps you navigate different options and lets you choose best research solution at most effective cost.

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