Payment
system is a system used to settle financial transactions by the transfer of
monetary value. Payment system includes institutions, people, rules,
instruments, procedures, standards, and technologies which make it exchange
possible. Its common type is known as operational network that links bank
accounts and provides monetary exchange using bank deposits. It includes cash
and non-cash payments. Non-cash payments includes payment cards, Point-of-sale
(POS) Terminals segment and electronic-money (e-money) & acquiring side
entailing ATM terminals.
POS is the
place where customer makes a payment for services or products at store. E-money
is a digital corresponding of cash, stored on an electronic device at a server.
Additionally, ATM is an electronic finance outlet which allows customers to
complete basic transactions without the help of a branch representative or
teller.
According to
study, “Russia
Payment Services Market Outlook to 2025- Breaking New Grounds through
Alternative Payment Systems such as Contactless Payments albeit Challenging
Profitability of Incumbent Firms)” the key companies operating in the Russia
payment services market are NCR Corporation, Nautilus Hyosung, Diebold Nixdorf,
Lanit ATM, Oki, MultiCarta, Indemit, Ridgast, Ingenico, PAX, Verifone,
Yandex.Money, WebMoney, QIWI, PayPal, VISA, NSPK, MasterCard, Alfa Bank,
Sberbank, Rosan Finance, VTB 24, Alioth, Novacard, Yandex.Checkout, UnitPay,
Robokassa, PayAnyWay, Payeer.
Based on
component type, payment services market is segmented into hardware and
software. Based on POS terminal type, market is segmented into fixed POS
terminals and mobile POS terminals. Based on payment card type, market is
segmented into single purpose prepaid card and multi-purpose prepaid card.
Based on payment cardholder, market is segmented into legal & individual
entities. Based on banking automated teller machines (ATMs), market is
segmented into geographical location (federal districts wise) and transaction
type (financial & non-financial). Based on payment aggregator, market is
segmented into payment gateways, payment aggregators and particular
instruments. Based on e-money payment mode, market is segmented into Near-field
communication (NFC), Short Message Service (SMS), mobile billing, Wireless
Application Protocol (WAP) and Unstructured Supplementary Service Data/ SIM
Application Toolkit (USSD/STK). Based on purchase type, market is segmented
into airtime transfers & top-ups, merchandise & coupons, money
transfers & payments and travel & ticketing. Based on usage type,
market is segmented into gift card, general purpose reloadable card, gift card,
incentive or payroll card, government benefits or disbursement card, and
others. In addition, based on industry vertical, market is segmented into
corporate institutions, financial institutions, retail establishments,
government, restaurants, healthcare, entertainment and others.
The payment
services market is driven by rise in demand for cash alternatives, followed by
prepaid-based remittance feature, rise in e-commerce & m-commerce industry,
increase in penetration of smart-phones, surge in consumer preferences for
non-cash payments and increase in number of internet users. However, prone to
fraudulent attacks may impact the market. Moreover, increase in unbanked &
under banked population and rise in demand for fast & hassle-free
transaction services are key opportunities for market.
It is
anticipated that future of the Russian payment services market will be bright
owing to rise in disposable income, growth in need for secure, user-friendly,
& convenient payment options and increase in number of government
initiatives to promote digital economy over the forecast period.
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:
Related
Reports:
Contact
Us:
Ken Research
Ankur Gupta, Head Marketing &
Communications
+91-9015378249
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