Russia’s cashless payment market has a huge potential and is growing rapidly, with payments doubling in the last four years. In 2017, the amount of non-cash transactions increased by 20%, the number of transactions increased by 30%, and bank card withdrawal increased by 65%.
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According to a recent report by the Russian PRIME network, the general manager of the VISA card in Russia, Beterina, said that the Russian non-cash payment market will grow by 15%-20% annually in the next three years.
Russia’s cashless payment market has great potential. VISA, which has been in the Russian market for 30 years, is one of the top 10 companies in Russia in terms of business volume and some of its indicators are in the top three.
Russia’s cashless payment market has great potential and is growing rapidly, with payments doubling in the last four years. In 2017, the amount of non-cash transactions increased by 20%, the number of transactions increased by 30%, and bank card withdrawal increased by 65%.