Russia Payment Services Market Outlook to 2025: Ken Research

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The report titled “Russia Payment Services Market Outlook to 2025- Breaking New Grounds through Alternative Payment Systems such as Contactless Payments albeit Challenging Profitability of Incumbent Firms)” provides in-depth analysis of the Russia Payment system including cash and non-cash payments, issuing side of the non-cash payments including payment cards, e-money and the acquiring side entailing ATM terminals, and POS Terminals segment. The report also provides comprehensive information on Demographic and Economic overview of Russia, Shadow Economy of Russia and Critical Analysis of the Current Customer Adaptability and Payment Infrastructure for non-cash payments. Under the ATM Terminals segment, the report provides a competitive landscape on ATM manufacturers and ATM Management Service Providing companies and followed by a Snapshot on Cash Management Companies. The POS Terminals Market entails analysis on market size by number and value of transactions processed; segmentation by type of devices, geography and end user industry; followed by competitive landscape of POS Terminals Manufacturers including company profiles of major players. The payment cards segment of the report depicts the operating model, value chain, profile of the card holder, market size by number of cards in circulation, by number and value of transactions. The segment also includes a detailed analysis of the segmentation by type of cards, type of cardholders and type of transactions; competitive landscape of major card issuers and major payment system operators. The E-money segment of the report includes analysis on market size by number and value of transactions, trends and developments, issues and challenges and government regulations governing the segment. The Payment Aggregator segment outlines the operating model, different commissions charged, market size and competitive landscape of major players including company profiles, heat maps and cross comparison matrix. The report concludes with covering the future outlook and analyst recommendations. The recommendations involve key strategies for the existing players to cope up with the declining margins and ensure their profitability for the coming years.

Russia Payment Services Overview and Size

The advent and adaptability to non-cash payments have reduced the dependency on cash for doing payments. At the end of 2018, around 80.0% of the money in circulation was observed to be non-cash. Simultaneously, the growth observed in cash in circulation was less than the growth in nominal GDP, indicating a shift in the consumer preferences to non-cash payments. The rise in the non-cash payments can be further attributed to the rising merchant acceptance and breakthrough innovations such as e-wallets, m-wallets and contactless payments, which have promoted easy and speedy way of doing transactions. However, Russia has been categorized at the “Converging” stage for becoming cashless in nature. It is expected that the high commissions and tariffs charged from merchants would ease in the coming years in the wake of implementation of white label schemes throughout the industry; thereby easing the pain-points of merchants.

Russia Terminals Market (Banking ATMs)

The ATM Terminal industry was observed to be approaching the optimality stage with a decline in the number of operational ATM Terminals and a simultaneous rise in the number of transactions per ATM Terminal during the study period. This is expected to result in innovations capable of disrupting the existing CAPEX model of operations such as introduction of cash recyclers and White Label Scheme for ATM Terminals. The analysis of the industry has been covered through segmentation on the basis of type of transactions and geographical location of ATM Terminals. The segment also covers the competitive landscape of ATM Terminal Manufacturers, ATM Management Service Providers and Issuers and concludes with a snapshot on Cash Management Companies, followed by the future outlook of the segment.

Russia Terminals Market (POS Terminals)

The growth stage of the POS Terminals market allows the firms to capture the untapped opportunities in the market space; stimulating them to expand their reach and coping up with changing customer preferences to non-cash payments. The rising acceptability in terms of installation of POS Terminals from small turnover merchants operating in retail, delivery and others industry in the wake of increasing cardholding population have spurred the demand for POS devices, number of processed transactions and the value of processed transactions. While Ingenico and Verifone continue to capture majority of the installed base of POS terminals, their position is constantly challenged by Chinese and Korean companies, which compete majorly on Price. The analysis also covers the segmentation on the basis of type of devices, geographical distribution of POS terminals and demand from end user industries. The segment concludes with the future outlook covering the number of POS terminals and the expected processed number of transactions by 2025.

Russia Payment Cards Market

Payment cards have been dominantly used be the people of Russia as the mode of non-cash payments. However, with the introduction of e-money operators, direct bank transfer supporting contactless payments, prepaid and virtual cards and instant payments through open banking, the number and value of transactions performed through payment cards was observed increasing at a decreasing rate. While in Russia unbanked population still prevails, the demand for credit cards by the working population is expected to drive the payment cards industry in the coming years. The report covers an extensive competitive landscape of Issuers and Payment System Operators; followed by the future outlook of industry governing the major key operating parameters of number and value of transactions during the forecast period.

Russia E-Money Market

The industry was characterized at a growth stage with an accelerated growth experienced in the number and value of transactions during the study period. However, declining net revenue yields and low switching costs in the wake of fierce competition from contactless Payment systems and Fintech companies is expected to replace the traditional business models to becoming a ubiquitous payment resource offering broader reach for payment of goods and service. The report extensively covers the company profiles of the major players including Yandex.Money, QIWI, WebMoney and Paypal and concludes with recommendations for operating firms to remain profitable for the next few years.

Russia Payment Aggregators Market

With the major emphasis placed on self –employed people and high demand online merchants, the payment aggregators are changing their existing offerings to API led services. The high commission charges act as a major barrier for the low margin retailers to connect with a payment aggregator. Despite this, the number of integrated merchants is expected to grow due to the changing preferences to e-commerce. The concentrated industry space paves way for the new entrants to unleash their innovative disruptions at a cost-effective sustaining model. The segment concludes with emerging trends and their quantified impact on the outlook of the industry.

Key Segments Covered

Russia Payment Services Market

By Cash and Non-Cash Payments

Russia Terminals Market (Banking ATMs)

By Transaction Type (Financial and Non-Financial)

By Geographical Location (Federal Districts wise)

Russia Terminals Market (POS Terminals)

By End-User (Retail, Delivery, Restaurant, Healthcare and Others)

By Type of Devices (Fixed and Mobile)

By Geographical Location (Federal Districts wise)

Russia Payment Cards Market

By Type of Cards (Debit and Credit Cards)

By Type of Cardholder (Individual and Legal Entities)

By Type of Transactions (Cash Withdrawals, Payment Transactions and Others)

Russia Payment Aggregators Market

By Type of Merchant Services (Payment Aggregator, Payment Gateways and Particular Instruments)

Time Period Captured in the Report:

Historical Period – 2013-2018

Forecast Period – 2018-2025

Companies Covered:

ATM Terminals Market

NCR Corporation

Diebold Nixdorf

Nautilus Hyosung

Oki

Indemit,

Lanit ATM,

MultiCarta

Ridgast

POS Terminals Market

Ingenico

Verifone

PAX

E-Money Operators

Yandex.Money

QIWI

WebMoney

PayPal

Payment Aggregators Market

Yandex.Checkout

Robokassa

UnitPay

Payeer

PayAnyWay

Payment Cards Market

VISA

MasterCard

NSPK,

Sberbank

Alfa Bank

VTB 24

Novacard

Rosan Finance

Alioth

Key Topics Covered in the Report

Demographic Analysis of Russia

Consumer Profile in Russia

Economic Analysis of Russia

Shadow Economy of Russia

Consumer Adaptability of Non-Cash Payments Russia

Payment Infrastructure of Non-Cash Payments Russia

Ken Research Framework of Payments Landscape

Cross Comparison of Russia with other developed, developing and emerging economies

Russia ATM Terminals Market Overview, Market Size and Introduction

Competitive Landscape of ATM Manufacturers and ATM Management Companies

Future Outlook on ATM Terminals industry by Number of ATM Terminals and Number of Transactions

Russia POS Terminals Market Overview, Genesis and Size

Competitive Landscape of POS Terminal Manufacturers including Market share and Company Profiles

Future Outlook of POS Terminals; By Installed base, Number of Transactions and By Type of Devices

Russia Payment Cards Market Overview, Genesis and Market Size

Card Holder Profile in Russia

Competitive Landscape of Issuers and Payment System Operators in Payment Cards Market

Snapshot on Card Manufacturing Companies

Future Outlook of Payment Cards Industry; By Number of Users, By Number of Cards in Circulation, By Type of Cards and By Type of Transactions

Russia E-Money Market Introduction, Overview and Genesis

Company Profile of Yandex.Money, QIWI, WebMoney and PayPal

Russia Payment Aggregator Market Introduction, Overview and Market Size

Competitive Landscape of Major Players

Company Profile of Yandex.Checkout, Robokassa, UnitPay, Payeer and PayAnyWay

Future Outlook of Russia Payment Aggregator Market

Analyst Recommendations for Russia Payment Services Market

Suggested Strategies to ensure Business Sustainability

For more information, refer to below link:

Russia Payment Services Market

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India Payment Services Market Research Forecast to 2023 - By Online Payments, M-PoS, IMPS, AePS, USSD-BHIM Transactions, UPI, M-Wallet, PoS Terminal, Payment Gateways, CUG Cards and Payment Security Segment

Russia Remittance and Bill Payments Market Outlook to 2023 – By Domestic Remittance Banking & Non Banking Channels; International Remittance Flow Corridors and Channel; and Bill Payment Segment

Indonesia Domestic and International Remittance Market Outlook to 2023 - By Inbound & Outbound Remittance, By Banking and Non-Banking Channel, By Income Level Group and By Inflow and Outflow Remittance Corridors

Contact Us:

Ken Research

Ankur Gupta, Head Marketing & Communications

sales@kenresearch.com

+91-9015378249

Financial Brokerage Market Outlook: Ken Research

In recent times, the financial market is one of the most propitious markets across the globe with the vast variety of financial items offered for trading at recent time. Whereas in the Philippines the trading activities are exceedingly regulated owing to the very lower trading volume and comparatively fewer trading accounts, numerous of the brokerage firms deliver the brokerage services at the lower rates prearranged by the SEC. The players presently control the brokerage fees for the equity trading and plan to extend the financial services towards asset management, mutual funds, wealth maintenance, top picks, algorithmic trading and several other services that can lure the consumers. Not only has this, the entire revenue in the industry of financial brokerage effectively monitored the trend on account of reduction in the simplification of the tax structure for trading, the effective rise in the investor’s attitude and trust and political permanency in the Philippines in the recent past years.

Dependent on the type of trading activity, financial brokerage market in the Philippines, the sector of the equity has accounted for the entire market in the volume transaction terms throughout the review duration which was complemented by the proficient liquidity in the equity, issuance of the bonus shares in the little instances thereby the extenuating the considerable share of the equity in the entire market.

Additionally, The Philippines Financial Brokerage Industry is scrappy in nature. UBS Securities is the market frontrunner and has the uppermost market share in the Financial Brokerage market in the Philippines on the basis of anticipated equity trading volume in the reviewed period. This was monitored by CLSA, Credit Suisse, COL Financial, Deutsche Regis Partners, Maybank ATR Kim, Macquarie Capital, and several others. These market players contend in the brokerage market in Philippines-based on the commissions stimulating, quality of supplementary services and technology and reputation.

Furthermore, the developments in the technology will central to deduction in the operational prices, the advantages of which can be passed on to the customers as the brokerage firms contend to stay applicable in the market. Foreign firms are bringing improved tech from their operations in developed regions to the Philippines to deliver better service to Filipino investors.

Whereas, the unchanging positive the economic viewpoint of Indonesia, an incursion of the foreign investments are cooperatively predicted to fuel the growth within the Indonesia financial brokerage industry. Furthermore, in the present era, the competitive structure of the industry is greatly fragmented with the 104 firms competing based on the rates, quality of the services, service portfolio and several other parameters to attain the greater traded value market share. Nonetheless, with the growing number of strategic partnerships of prevailing firms with the global corporates, the consolidation of the brokerage firm is anticipated in the near future.

Amongst the indigenous brokerage firms, the important player in the market is MandiriSekuritas in terms of revenue involved in the industry whereas CGS-CIMB has the maximum revenue market share among the global firms. Therefore, in the coming years, it is anticipated that the market of financial brokerage will increase more enormously around the globe over the coming years.

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Philippines Financial Brokerage Market Outlook to 2023

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Changing Dynamics of the Cancer Screening Market in U.S.A. Outlook: Ken Research

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Around the globe, cancer is one of the foremost cause of the deaths and pervasiveness of the syndrome has been increasing at a frightening rate. Hence, the professionals in the healthcare segments are aiming on advancement of efficient diagnostic and cure solutions to check the level of prevalence. Primary recognition rises the triumph rate of the treatment regimens. Therefore, many of the healthcare agencies and market giants, through the numerous awareness programs, are encouraging the routine checkups.

Even though several screening processes, namely lab tests, endoscopy and imaging, allow the disease recognition at an early stage, there are convinced danger aspects modelled by the medical imaging. Such involve the unwarranted radiations exposure and supervision of the fluorescent and barium contrast media in imaging and endoscopic processes, which cause numerous danger impacts namely nausea and diarrhea.

According to the report analysis, ‘Cancer Screening Market in the U.S.A. (2018-2023)’ states that in the cancer screening market in U.S.A., there are numerous key players which presently functioning more positively for leading the high value of market share and leading the fastest market growth during the short span of time more enormously while developing the working techniques, advancing the technologies of treatment, decreasing the price of services and providing the effective consumer satisfaction includes Roche Diagnostics, Abbott Laboratories, GE Healthcare, Qiagen, Thermo Fisher Scientific, Siemens Healthineers and several others.

Not only has this, the large corporates in the cancer screening market in U.S.A. are effectively implementing the profitable strategies to enlarge the value of market share, generating the high amount of revenue and profit, employing skilled workers and studying the strategies and policies of government to run the business more smoothly which further benefitted for leading the fastest market growth.

Additionally, The United States Of America (U.S.A.) is prominent region in the cancer screening market. The increasing incidence of cancer along with rising awareness regarding anticipation of diseases and diagnosis is a foremost driver for the market. There is augmented technological advancement along with fund based initiatives towards research and development (R&D) for consciousness and deterrence of diseases. The cancer screening market is predicted to reach USD 13.12 Bn by 2023 increasing at a CAGR of 10.95%.

However, the Cancer screening market in the U.S.A. is divided by end users, screening type, and applications. By end users, it is further split into hospitals, laboratories and independent physicians and clinics. By screening type, it is categorized into laboratory, genetic, biopsy, imaging and endoscopy testing. By application category, it is further divided into lung, breast, melanoma, kidney and colorectal cancer.

Based on the end users, the hospital sector in the market of cancer screening in U.S.A. is expected to register the market share more positively during the review period owing the effective establishment of advanced technologies in the healthcare organizations.

Moreover, the players in this market are implementing the strategies of joint venture, mergers and acquisitions and partnerships for enlarging the business and dominating the high value of market share during the reviewed duration. Therefore, in the coming years, it is probable the market of cancer screening in U.S.A. will increase more positively over the reviewed duration.

For more information, click on the link below:

USA Cancer Screening Market

Contact Us:

Ken Research                                   

Ankur Gupta, Head Marketing & Communications

sales@kenresearch.com

+91 9015378249

Russia Remittance and Bill Payments Market Outlook to 2023: Ken Research

The report titled “Russia Remittance and Bill Payments Market Outlook to 2023 (Second Edition) – By Domestic Remittance Banking & Non Banking Channels; International Remittance Flow Corridors and Channel; and Bill Payment Segment” provides a comprehensive analysis of both international and domestic remittance and bill payments market of Russia. The report covers market size, market segmentation on inbound and outbound remi-ttance, resident and non-resident, major flow corridors, bank & non-bank, mode of remittance for international remittance. For domestic remittance, the report covers market size, market segmentation on remittance channel and major flow corridors. It also includes the bill payments market covering the market size and segmentation by mode of payments, type of platform and channel of payments. The report also covers government regulations in the market, market share and company profiles of major banking and non-banking channels in Russia remittance and bill payments market. The report provides detailed overview on future outlook & projections with analyst recommendations for the industry. The report provides detailed insights on the existing and future trends, issues and challenges prevalent in the industry and anticipated growth in the future depending upon changing industry dynamics in forecasted period.

Russia Remittance Overview

Russia is well-known as a leading cosmopolitan hub in the world with a wide range of investment and job opportunities, due to which it has been a major attraction for job seekers in Commonwealth of Independent States (CIS) and the non-independent States (non-CIS) countries. Russian population majorly constitute of expatriates. The Russian remittance industry is thus, dominated by the outflow of the remittances. During the period 2013-2018, the market for remittance has increased on account of increasing migrants to Russia, increase in internet penetration and increase in the use of digital methods for wire transfers including account to account, account to card and card to card transfers.

Russia International Remittance Market Segmentation

By Inbound & Outbound: The Russia international remittance market registered a majority of contribution from outbound remittances segment within Russia in the year 2018. Stable progress in diversity and coverage of global remittance networks has enabled more CIS and Non-CIS workers to remit money at a reasonable cost of services which include automated teller machines, web-based services, and reusable / reloadable cash cards.

By Countries: Switzerland accounted for majority of the total remittances sent and received in Russia during 2018 in Non-CIS countries. In CIS countries, Kazakhstan was the highest sender of money in Russia in 2018. Major decrease in inbound and outbound remittance was seen Ukraine in 2018 which was among the highest flow corridor before the ban during 2016.

Competitive Landscape in International Remittance Market

Russian international remittance market is fragmented with the presence of small, medium and large companies. The large players such as Sberbank, VTB Bank, Koronapay, Western Union and others are dominating the industry in terms of transaction volume during the year 2018. The Russia-Ukraine is the second largest migration corridor in the world and the Ukraine-Russia is the fourth largest corridor in the world. These corridors facilitate large scale migration and rise in competition among the players in Russia in terms of offering services for remittance flows.

Russia Domestic Remittance and Bill Payments Market

Market Overview: Domestic remittance market of Russia has witnessed tremendous growth in the past few years. Rising internal migrant population both intra-regional and inter-regional owing to better job opportunities has triggered the size of the industry. The internal immigrant population has increased slightly from 2013-2018. Also, in the recent times the Russian economy has witnessed rapid industrialization and growth in GDP which resulted to an increase in the country’s standard of living at tremendous rate owing to which the public spending on utilities, entertainment and others has increased. This has depicted a positive impact on the bill payments market. The bill payments market in Russia includes the payments made for all the utilities consumed in the country by both expatriates and citizens in the country. The market grew at positive double digit CAGR during 2013-2018.

Domestic Remittance Market Segmentation

Flow Corridors (Major Sending and Receiving Region): Internal Migration within Russia in search of Jobs accounted for major share of the total domestic remittances. Domestic remittances were observed to be transferred to districts of Central Federal Districts with highest migration in 2018 followed by Northwestern Federal District and Volga Federal Districts with highest migrations.

Mode of Payment (Offline and Online): Majority of bill payments in Russia were made offline through banking channel facilities such as ATMs, bank deposits, POS and others, whereas increasing usage of online mode have been observed in major metro cities with maximum utilization of online mode such as M-wallets, E-money and card transfers.

Competitive Landscape in Domestic Remittance and Bill Payments Market

The market is dominated by the banking channels with high penetration of banking services and majority of population hold bank accounts and restrictions on cash transfers from government. The enormous potential of domestic remittances has also engrossed international players such as the Western Union, Money Gram and others into the market. Conversely, the Russian-based service providers such as banks, regional and national money transfer operators including Sberbank, Koronapay, Russian Post and others have a noteworthy presence in the domestic market and have provided stiff competition to international players. Sberbank was the largest bank in the Russian domestic remittance market in 2018 followed by other major players in domestic remittance market in terms of transaction volume. Whereas, competition within the bill payments market is highly fragmented with presence of many third party platforms and billers desk in the country providing different types of bill payment services.

Future Potential of Domestic Remittance and Bill Payments Market

The rising infrastructural & developmental activities undertaken by the government of Russia and rising business sector in the country are anticipated to foster growth in the country’s domestic remittance market. Also, rising number of households due to internal migrations is expected to increase the usage of groceries, fuel, electricity, water, broadband, phones and other utilities in the major cities of the country. Moreover, increasing per capita household disposable income, rising standard of living, increasing salaries, emerging bill payment companies, expansion of bill payment services and others will surge the size of bill payment industry of Russia in the near future.

Key Segments Covered:-

International Remittance Market

By Flow Type

Inbound

Outbound

By Individuals

Residents

Non-Residents

By Major Flow Corridors

CIS (Kazakhstan, Uzbekistan, Tajikistan, Kyrgyzstan, Ukraine and Others)

Non-CIS (Switzerland, Latvia, USA, UK, Germany and Others)

By Remittance Channels

Banks

Non Banks

By Payout Mode

Cash

Non-Cash/Electronic Transfer

By Channels

Bank

Non-Banks

Domestic Remittance Market

By Remittance Channels

Banks

Non Banks

By Major Flow Corridors

Central Russian Federal District

Volga Federal District

North-western Federal District

Bill Payments Market

By Mode of Payment

Offline

Online

Method of Payment

Cash

Credit / Debit Cards / E-Wallets

Direct Bank Debits and Transfers

Key Target Audience:-

Money Transfer Operators

Banks

Pawnshops

Bill Payment Companies

M-Wallets

Mobile Money Companies

Central Bank

Investors and PE Firms

Convenience Stores

Time Period Captured in the Report:-

Historical Period – 2013-2018

Forecast Period – 2019-2024

Companies Covered:-

Major Bank Channel in Russia:-

Sberbank

VTB Bank

Gazprombank

Alfa Bank

Major Non-Banking Channel in Russia:-

Russian Post

Koronapay

Unistream

CONTACT (QIWI)

Money Gram

Western Union

Key Topics Covered in the Report:-

Russia Domestic Remittance Market Size (2013-2018)

Russia Bill Payments Market Size (2013-2018)

Russia International Remittance Market Size (2013-2018)

Russia Remittance and Bill Payments Market Overview

Russia Remittance and Bill Payments Market Ecosystem

Russia Remittance and Bill payments Market Segmentation (2013-2018)

Trends and developments

Comparative Landscape including Strength and Weakness of the major Remittance and Bill Payments players

Company Profiles of Major Players

Future Outlook and Projections of Russia Domestic Remittance Market (2018-2023E)

Future Outlook and Projections of Russia Bill Payments Markets (2018-2023E)

Future Outlook and Projections of Russia International Remittance Markets (2018-2023E)

Analyst Recommendation

For more information, refer to below link:-

Russia Remittance and Bill Payments Market

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Europe International Remittance Market Outlook to 2023 - By Inbound & Outbound Remittance, By Channels (Banks, MTOs, M-wallets and Others), By Inflow & Outflow Remittance Corridors, By Point of Contact (Branch Pick-up, Mobile Payment & Online Transactions, Prepaid Cards

Contact Us:-
Ken Research
Ankur Gupta, Head Marketing & Communications
Sales@kenresearch.com
+91-9015378249