The study reports on Russia Cards and Payments Market report provides detailed overview of variables that influence international business range. Russia Cards and Payments Market report indicates the most recent market insights with forthcoming trends and breakdowns of services and products. This report provides data on the industry situation, dimensions, areas and growth variables. Russia Cards and Payments Market report comprises emerging players assess data such as aggressive scenarios, sales, earnings and market share of leading producers.
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Top Firms cited
Russian Standard Bank
Societe Generale Group
Scope of the Report-
– To be able to become on par with European nations, in January 2019, the fundamental bank introduced the Faster Payments System (FPS), that empowers users to create fund transfers in 15 seconds with the recipients phone number. Users may create transfers online 24/7 through their own banks cellular or online banking services. Presently, 42 banks such as AK Bars Bank, Alfa Bank, VTB, Post Bank Rosbank and Tinkoff Bank are engaging in the system. To promote the adoption of FPS, the fundamental bank obliged systemically important banks to take part in the FPS from October 1, 2019 along with other banks from October 1, 2020. The charges on transfers through FPS was likewise waived in 2019. After the successful launching of FPS, the fundamental bank also included a QR-based performance to the machine, allowing payments of products and services using mobile devices.
– The Russian authorities introduced the Unified Biometric System (UBS) in June 2018. This system makes it possible for people to authenticate their identity with their biometric parameters, and access financial solutions liberally. Users may sign up for the system in bank branches, in which the photograph picture and voice profile of this user is recorded and uploaded into the UBS. According to UBS, banks are currently developing new payment options. Back in September 2019, Rostelecom collaborated with Russian Conventional Bank into some launching biometric-based payment options to both online and in-store payments. For payments at shops, users should simply confront the camera. The user is confirmed with the UBS database, and payment is made of the connected card. For online payments, users will need to confront their desktop or mobile and state a five-digit code.
– Option payments are slowly gaining adoption in Russia. Several leading foreign players can be found in the nation, such as Google Purchase, Samsung Pay and Apple Pay. To capitalize on its expansion, the National Payment Card System introduced Mir Pay, a mobile payment option, in March 2019. The alternative makes it possible for Mir cardholders to make payments merchant shops by incorporating their Mir cards into the wallet. Yandex.Money, established in 2002, is presently among the most popular payment options in Russia; instead of June 2019, the alternative works around 46 million consumers.
Russia Cards and Payments Market report offers comprehensive analysis of market trends in the Russian cards and payments sector. It supplies volumes and values for several key performance indicators from the market, such as cash, cards, credit transfers, and direct debits throughout the review-period (2015-19e).
The report also assesses various charge card markets working in the business and offers detailed information regarding the amount of cards in circulation, trade values and volumes throughout the review-period and within the forecast-period (2019e-23f). Additionally, it supplies advice on the country’s competitive landscape, such as market stocks of issuers and strategies.
The report brings GlobalDatas research, modeling, and evaluation experience to permit banks and card issuers to detect section dynamics and competitive benefits. The report also covers detailed regulatory policies and current changes in regulatory arrangement.
This report offers top-level market evaluation, data and insights to the cards and payments sector, such as –
– Current and forecast values for every market from the Russian cards and payments sector, including credit and debit cards.
– Comprehensive insights into payment tools such as cash, cardscredit transfers, and direct debits. It also, includes a synopsis of the country’s key alternative payment tools.
– E-commerce marketplace evaluation.
– Investigation of different market drivers and regulations regulating the Russian cards and payments sector.
– Thorough evaluation of plans adopted by banks and other associations to advertise credit and debit.
Reasons to purchase this Report-
– Create tactical company decisions, using top notch historical and forecast market information, associated with the Russian cards and obligations industry and every market inside.
– Know the important market trends and growth opportunities in the Russian cards and payments sector.
– Evaluate the competitive dynamics in the Russian cards and payments sector.
– Gain insights into advertising strategies utilized for various card types from Russia.
– Gain insights into essential regulations regulating the Russian cards and payments sector.
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Table of Contents within this Report-
Buy Now Pay Later
Mobile Proximity Payments
Payments Infrastructure & Regulation