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Cashless payment share growth Russia Q1 2020, by business sector

The highest increase in the share of cashless payments in Russia between the first quarter of 2019 and the first three months of 2020 was observed in expenses on electronics, where the growth rate amounted to 6 percent. A significant drop in cash-free transaction share was recorded for hotels and restaurants and bars, which can be explained by the COVID-19 pandemic expansion in the country in March 2020.

Growth rate* of the share of cashless payments in Russia in 1st quarter 2020*, by business category**

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Source

Release date

April 2020

Region

Russia

Survey time period

Q1 2020

Supplementary notes

* Compared to Q1 2019.
** Including cashless payments for services; only transactions toward legal persons are considered.

The source specified that it considered the categories of consumer expenses where it was possible to assess the share of cashless payments with sufficient certainty.

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