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
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more information, refer to below link:
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Ankur Gupta, Head Marketing &
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