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Published: May, 2016 | Pages:
63 | Publisher: Timetric
Industry: Financial Services | Report Format: Electronic (PDF)
Synopsis Timetric’s 'The Cards and Payments Industry in Russia: Emerging Trends and Opportunities to 2020' report provides detailed analysis of market trends in the Russian cards and payments industry. It provides values and volumes for a number of key performance indicators in the industry, including check payments, payment cards, cash transactions, direct debits and credit transfers during the review period (2011–2015). The report also analyzes various payment card markets operating in the industry, and provides detailed information on the number of cards in circulation, and transaction values and volumes during the review period and over the forecast period (2016–2020). It also offers information on the country's competitive landscape, including the market shares of issuers and schemes. The report brings together Timetric’s research, modeling, and analysis expertise to allow banks and card issuers to identify segment dynamics and competitive advantages. The report also covers details of regulatory policy, and recent changes in the regulatory structure. Summary Timetric’s 'The Cards and Payments Industry in Russia: Emerging Trends and Opportunities to 2020' report provides top-level market analysis, information and insights into the Russian cards and payments industry, including: - Current and forecast values for each market in the Russian cards and payments industry, including debit and credit cards - Detailed insights into payment instruments including credit transfers, direct debits, cash transactions, checks and payment cards, and an overview of the country's key alternative payment instruments - E-commerce market analysis - Analysis of various market drivers and regulations governing the Russian cards and payments industry - Detailed analysis of strategies adopted by banks and other institutions to market debit and credit cards - Comprehensive analysis of consumer attitudes and buying preferences for cards - The competitive landscape in the Russian cards and payments industry Scope - This report provides a comprehensive analysis of the Russian cards and payments industry. - It provides current values for the Russian cards and payments industry for 2015, and forecast figures to 2020. - It details the different demographic, economic, infrastructural and business drivers affecting the Russian cards and payments industry. - It outlines the current regulatory framework in the industry. - It details marketing strategies used by various banks and other institutions. Reasons To Buy - Make strategic business decisions, using top-level historic and forecast market data related to the Russian cards and payments industry and each market within it. - Understand the key market trends and growth opportunities in the Russian cards and payments industry. - Assess the competitive dynamics in the Russian cards and payments industry. - Gain insights into marketing strategies used for various card types in Russia. - Gain insights into key regulations governing the Russian cards and payments industry. Key Highlights - Following the invasion of Crimea on March 18, 2014, the US government imposed sanctions against Russia in March 2014. Consequently, Visa and MasterCard stopped processing card payments in the country. To counteract this move, the Russian government launched the National Payment Card System (NPCS) on April 1, 2014, followed by the Mir national payment card in December 2015. The Russian government plans to issue Mir cards on a large scale in 2016, and promote the cards among government employees. A total of 35 banks have expressed an interest in issuing Mir cards, with seven already issuing them during the pilot. - The uptake of alternative payments among Russian consumers is gaining traction as a result of the availability of options such as Yandex.Money, WebMoney, Moneta and PayPal. Banks and payment service providers are also investing in offering customers a choice of payment option, whether in-store, at home or mobile. Most recently in August 2015, Visa and Russian payment service provider Qiwi launched the Visa Qiwi Wallet. Apart from making payments, the co-branded digital wallet can also be used to receive and transfer money worldwide. Visa Qiwi Wallet accounts can be topped up at 100,000 Qiwi kiosks throughout Russia, by linking to a bank card or mobile phone account. This initiative is expected to further shift consumer focus on alternative payments. - Contactless technology is expected to gain prominence among Russian consumers. Banks and payment service providers are also keen to promote contactless technology, and are launching new services to increase its uptake. The latest of these is the launch of the Visa Qiwi Wallet, which incorporates Visa’s payWave contactless technology, in August 2015. In June 2014, Russia Standard Bank entered into an agreement with Samsung Electronics and MasterCard to launch a contactless payment service for NFC-enabled Samsung smart phones. As part of the agreement, users of Samsung Galaxy S4 and Samsung Galaxy Note 3 devices can make contactless mobile payments (m-payments) using MasterCard’s PayPass technology. These initiatives are anticipated to provide a push to contactless payments in the country.
Table of Content 1 Definitions and Methodology 1.1 Definitions 1.2 Methodology 2 Key Facts and Events 3 Executive Summary 4 Payment Instruments 4.1 Current Payment Environment 5 E-Commerce 5.1 E-Commerce Market Analysis 6 Alternative Payments 6.1 Alternative Payment Instruments 6.1.1 Yandex.Money 6.1.2 WebMoney 6.1.3 Visa Qiwi Wallet 6.1.4 Moneta 6.1.5 PayPal 6.1.6 MasterPass 7 Regulations in the Cards and Payments Industry 7.1 Regulatory Framework 7.1.1 Minimum authorized and equity capital requirement 7.1.2 Rules pertaining to foreign participation 7.1.3 Capital adequacy requirements 7.2 Anti-Money Laundering (AML) 7.3 Foreign Direct Investment (FDI) Regulations 8 Analysis of Cards and Payments Industry Drivers 8.1 Demographic Drivers 8.2 Economic Drivers 8.3 Infrastructure Drivers 8.4 Business Drivers 9 Market Segmentation and New Product Launches 9.1 Market Segmentation and Targeting 9.1.1 Consumer cards 9.1.2 Commercial cards 9.2 New Product Launches 10 Payment Cards 10.1 Payment Cards Market Analysis 10.1.1 Volume and value of payment card transactions by type 11 Debit Cards 11.1 Debit Card Market Analysis 11.1.1 Turnover per debit card and transaction values by channel 11.1.2 Debit card scheme and issuer shares in terms of transaction value 11.1.3 Debit cards comparison 12 Credit Cards 12.1 Credit Card Market Analysis 12.1.1 Turnover per credit card and transaction values by channel 12.1.2 Credit card scheme and issuer shares in terms of transaction values 12.1.3 Credit cards comparison 13 Commercial Credit Cards 13.1 Commercial Credit Card Market Analysis 13.1.1 Commercial credit cards comparison 14 Card Issuers 14.1 Sberbank 14.2 VTB24 14.3 Russian Standard Bank 14.4 OTP Bank 14.5 Raiffeisen Bank 15 Prepaid Cards 15.1 Prepaid Card Market Analysis 15.1.1 Prepaid cards comparison 16 Merchant Acquiring 16.1 Merchant Acquiring Market Analysis 17 Appendix 17.1 Tables 17.2 Contact Timetric 17.3 About Timetric 17.4 Timetric’s Services 17.5 Disclaimer
List of Tables Table 1: Key Definitions Table 2: Annual Average Exchange Rate Table 3: Russia - Key Facts, 2015 Table 4: Regional Benchmarking of Russian Payment Cards, 2015 Table 5: Russia - Mode of Entry of Foreign Banks Table 6: Cards for High-Income Consumers, 2016 Table 7: Cards for Travelers, 2016 Table 8: Cards for Shoppers, 2016 Table 9: Cards for Students and Young People, 2016 Table 10: Commercial Cards Comparison and Key Features, 2016 Table 11: Russia - New Product Launches Table 12: Russia - Debit Card Comparisons and Key Features, 2016 Table 13: Russia - Gold Credit Cards Comparison and Key Features, 2016 Table 14: Russia - Premium Credit Cards Comparison and Key Features, 2016 Table 15: Russia - Commercial Credit Card Comparisons and Key Features, 2016 Table 16: Russia - Prepaid Card Comparisons and Key Features, 2016 Table 17: Russia - Payment Instrument Transaction Values (RUB Billion), 2011-2015 Table 18: Russia - Payment Instrument Transaction Values (US$ Billion), 2011-2015 Table 19: Russia - Payment Instrument Transaction Volumes (Million), 2011-2015 Table 20: Russia - Number of Payment Cards in Circulation by Type (Million), 2011-2020 Table 21: Russia - Volume of Payment Card Transactions by Type (Million), 2011-2020 Table 22: Russia - Value of Payment Card Transactions by Type (RUB Billion), 2011-2020 Table 23: Russia - Value of Payment Card Transactions by Type (US$ Billion), 2011-2020 Table 24: Russia - Number of Debit Cards in Circulation (Million), 2011-2020 Table 25: Russia - Debit Card Transaction Volumes and Frequency by Channel, 2011-2020 Table 26: Russia - Debit Card Total and Average Transaction Values by Channel, 2011-2020 Table 27: Russia - Debit Card Total and Average Transaction Values by Channel, 2011-2020 Table 28: Russia - Number of Debit Cards in Circulation by Scheme (Million), 2011-2015 Table 29: Russia - Debit Card Transaction Values by Scheme (RUB Billion), 2011-2015 Table 30: Russia - Debit Card Transaction Values by Scheme (US$ Billion), 2011-2015 Table 31: Russia - Debit Card Transaction Values by Issuer (RUB Billion), 2011-2015 Table 32: Russia - Debit Card Transaction Values by Issuer (US$ Billion), 2011-2015 Table 33: Russia - Number of Credit Cards in Circulation (Million), 2011-2020 Table 34: Russia - Credit Card Transaction Volumes and Frequency by Channel, 2011-2020 Table 35: Russia - Credit Card Total and Average Transaction Values by Channel, 2011-2020 Table 36: Russia - Credit Card Total and Average Transaction Values by Channel, 2011-2020 Table 37: Russia - Number of Credit Cards in Circulation by Scheme (Million), 2011-2015 Table 38: Russia - Credit Card Transaction Values by Scheme (RUB Billion), 2011-2015 Table 39: Russia - Credit Card Transaction Values by Scheme (US$ Billion), 2011-2015 Table 40: Russia - Credit Card Transaction Values by Issuer (RUB Billion), 2011-2015 Table 41: Russia - Credit Card Transaction Values by Issuer (US$ Billion), 2011-2015 Table 42: Russia - Personal and Commercial Credit Card Transaction Volumes (Million), 2011-2020 Table 43: Russia - Personal and Commercial Credit Card Transaction Values (RUB Billion), 2011-2020 Table 44: Russia - Personal and Commercial Credit Card Transaction Values (US$ Billion), 2011-2020 Table 45: Russia - Number of Commercial Credit Cards in Circulation (Thousand), 2011-2020 Table 46: Russia - Commercial Credit Card Transaction Values (RUB Billion), 2011-2020 Table 47: Russia - Commercial Credit Card Transaction Values (US$ Billion), 2011-2020 Table 48: Russia - Commercial Credit Card Transaction Volumes (Million), 2011-2020 Table 49: Russia - Number of Prepaid Cards in Circulation (Million), 2011-2020 Table 50: Russia - Prepaid Card Transaction Values (RUB Billion), 2011-2020 Table 51: Russia - Prepaid Card Transaction Values (US$ Billion), 2011-2020 Table 52: Russia - Merchant Acquiring Transaction Volume by Card Type (Million), 2010-2019 Table 53: Russia - Merchant Acquiring Transaction Value by Card Type (RUB Trillion), 2011-2020 Table 54: Russia - Merchant Acquiring Transaction Value by Card Type (US$ Billion), 2011-2020 Table 55: Russia - Acquirers’ Transaction Volume (Million), 2011-2015 Table 56: Russia - Acquirers’ Transaction Value (RUB Billion), 2011-2015 Table 57: Russia - Acquirers’ Transaction Value (US$ Billion), 2011-2015 Table 58: Russia - Retail Outlets and Card Accepting Merchants (Thousand), 2011-2020
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