Russias Cards and Payments Industry: Emerging Opportunities, Trends, Size, Drivers, Strategies, Products and Competitive Landscape

Russias Cards and Payments Industry: Emerging Opportunities, Trends, Size, Drivers, Strategies, Products and Competitive Landscape

The Russian card payments channel grew significantly each in volume and worth terms during the evaluation period. relating to total playing cards extent, the channel grew at a CAGR of 19.70% and is expected to grow at a CAGR of 7.00% over the forecast duration. In value terms, the cardboard payments channel increased from RUB8.eight trillion (US$354.6 billion) in 2008 to RUB21.eight trillion (US$700.eight billion) in 2012, at a CAGR of 25.39%. the value is expected to succeed in RUB43.9 trillion (US$1.four trillion) in 2017, rising at a CAGR of thirteen.19% over the forecast length. Dominating the cardboard funds channel in terms of volume are debit playing cards, with a sixty five.7% share in 2012, adopted by way of prepaid and bank cards with respective shares of 25.5% and 8.7%.

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