Payment methodsEven though cash remains the most popular payment method in the country, the use of bank cards is equally widespread. The high recurrence of debit and credit card handling is closely related to the increasing popularity of online shopping in the country, contributing therefore to a rise in online payment orders received by credit institutions.
When looking at online payment dynamics, C2C transactions accounted for the largest share of electronic transfers in 2019. E-wallets and contactless payments gradually gained a customer base, despite the fact that a preference for online banking and card payments prevails up to date. In 2019, Sberbank online was revealed as the most used service for online payments countrywide.