Cash use in Russia decreased dramatically since 2012, with cash money making up less than one-third of all retail payments in 2019. This according to estimations based on the available data regarding cash withdrawals and payment transactions. No data exists on the actual use of cash money, outside of survey diaries. Such a diary, covering consumers' use of cash money in shops, was held in Europe only once, in 2017. As not all payment data is readily available, like the use of OTC or over-the-counter cash withdrawals, note this can still mean that the cash share numbers provided here are not necessarily accurate. In the case of Russia, the use of debit cards was heavily promoted in recent years.
Share of cash in total payment transactions in Russia from 2012 to 2019
No data is available that covers the exact volume of transactions conducted with cash money. In order to make a credible estimation, this calculation looked at the following indicators:
Value of ATM cash withdrawals (either with cards issued by resident PSPs at any terminal, provided by either a resident or non-resident PSP, or with cards issued by non-resident PSPs at terminals provided by resident PSPs;
Value of OTC or over-the-counter cash withdrawals;
Value of card payments, issued by resident PSPs;
Value of e-money payment transactions, issued by resident PSPs.
To summarize, this methodology tries to put cash withdrawals, either at an ATM or OTC, in perspective of all payment transactions (withdrawals + card payment+ e-money transactions) within a country. Numbers on checks, ACH or instant payments have not been used.
Note that numbers on OTC withdrawals and e-money are not always readily available for all years. In the case of Russia, OTC was a part of "cash withdrawals" whereas e-money was part of "cards and e-money".
The values used in the calculations for Russia were in Russian rubles.
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Statista. (July 23, 2021). Share of cash in total payment transactions in Russia from 2012 to 2019 [Graph]. In Statista. Retrieved October 04, 2022, from https://www.statista.com/statistics/1099412/cash-use-in-russia/
Statista. "Share of cash in total payment transactions in Russia from 2012 to 2019." Chart. July 23, 2021. Statista. Accessed October 04, 2022. https://www.statista.com/statistics/1099412/cash-use-in-russia/
Statista. (2021). Share of cash in total payment transactions in Russia from 2012 to 2019. Statista. Statista Inc.. Accessed: October 04, 2022. https://www.statista.com/statistics/1099412/cash-use-in-russia/
Statista. "Share of Cash in Total Payment Transactions in Russia from 2012 to 2019." Statista, Statista Inc., 23 Jul 2021, https://www.statista.com/statistics/1099412/cash-use-in-russia/
Statista, Share of cash in total payment transactions in Russia from 2012 to 2019 Statista, https://www.statista.com/statistics/1099412/cash-use-in-russia/ (last visited October 04, 2022)