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FinTech transaction value in Russia 2017-2024, by segment

According to the Digital Market Outlook, the Digital Payments segment in Russia was expected to grow to nearly 69 billion U.S. dollars in 2024. Personal financing was the second major FinTech segment in the region, with an expected value of over 20 billon dollars by 2024.

Statista’s Digital Market Outlook offers forecasts, detailed market insights and essential performance indicators of the most significant areas in the Digital Economy, including various digital goods and services.

FinTech transaction value in Russia from 2017 to 2019 with a forecast until 2024*, by segment

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Supplementary notes

* The Forecast was adjusted for the expected impact of COVID-19.

FinTech is short for ‘Financial Technology’, the central concept of structural change and digitization within the financial services industry. Under the collective name FinTech (which still lacks a clear definition even within the industry), financial services are understood within the framework of the Digital Market Outlook. Digital infrastructures allowing the establishment of new types of agreements and procedures in the classic areas of banking such as lending, investment strategies and payments.

You can read full segments definitions here.

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Statistics on "Fintech in Russia "

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