Digital payments transaction value forecast in Russia 2017-2024, by segment

According to the Digital Market Outlook, the digital commerce segment in Russia was expected to grow to over 45 billion U.S. dollars in 2024. As for mobile POS payments volume, it was projected to mark twofold less than digital commerce segment by 2024.

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FinTech: digital payments 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.

The Digital Payments market segment is led by consumer transactions and includes payments for products and services which are made over the Internet as well as mobile payments at point-of-sale (POS) via smartphone applications . The following are not included in this segment: transactions between businesses (Business-to-Business payments), bank transfers initiated online (that are not in connection with products and services purchased online), and payment transactions at the point-of-sale where mobile card readers (terminals) are used.

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Statistics on "Fintech in Russia "

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