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Digital Payments user volume forecast in Russia 2017-2024, by segment

A gradually growing number of users both for digital commerce and mobile POS payments in Russia was expected to amount to over 70 and roughly 27 million users by 2024 respectively, according to the Digital Market Outlook.

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: digital payments user volume 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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