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Country Report

Credit Card Transactions in

Credit Cards in Russia

24 pages, Nov 2018

US$990

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Executive Summary

New Report Guarantee

If you purchase a report that is updated in the next 60 days, we will send you the new edition and data extract FREE!

PROSPECTS

Credit cards registers a strong performance

For the second consecutive year, credit cards demonstrated steady growth in terms of all indicators. During the economic slowdown, credit cards were affected the most strongly and saw gradual decline.

Banks continue to lower interest rates on credit cards

In 2017-2018, one of the major trends in credit cards was interest rate reduction. The Central Bank of Russia continued to reduce the key interest rate, lowering it from 9.

Commercial credit cards still a very niche product

Despite its high growth rates, commercial credit cards remains a very niche category in Russia. The growing economy and developing business environment are driving growth in commercial credit cards.

COMPETITIVE LANDSCAPE

Sberbank maintains its lead

Government-owned Sberbank continued to lead credit cards in Russia in 2018. Sberbank has a long and successful history in Russia combined with a good reputation amongst consumers and the widest network of branches in all regions of the country.

Loyalty is the key to success

Loyalty remained the key instrument of financial institutions to attract consumers and encourage them to use cards for payments. As a rule, loyalty programmes are more associated with rewards and cobranded projects.

Individual approach to the client

Because credit cards in themselves are an important tool for stimulating consumer demand, banks attract consumers not only with loyalty programmes, but also by taking an individual approach with each client. On the one hand, banks have developed stricter rules for potential clients, but, on the other hand, they provide special conditions for loyal long-term clients, including larger limits and a lower annual interest rate.

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Overview

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Charge Cards in Russia - Category analysis

Charge Cards in Russia - Company Profile

PROSPECTS

Credit Cards in Russia - Category analysis

Credit Cards in Russia - Company Profile

HEADLINES

PROSPECTS

Credit cards registers a strong performance

Banks continue to lower interest rates on credit cards

Commercial credit cards still a very niche product

COMPETITIVE LANDSCAPE

Sberbank maintains its lead

Loyalty is the key to success

Individual approach to the client

CATEGORY DATA

Table 1 Credit Cards: Number of Cards in Circulation 2013-2018
Table 2 Credit Cards Transactions 2013-2018
Table 3 Credit Cards in Circulation: % Growth 2013-2018
Table 4 Credit Cards Transactions: % Growth 2013-2018
Table 5 Commercial Credit Cards: Number of Cards in Circulation 2013-2018
Table 6 Commercial Credit Cards Transactions 2013-2018
Table 7 Commercial Credit Cards in Circulation: % Growth 2013-2018
Table 8 Commercial Credit Cards Transactions: % Growth 2013-2018
Table 9 Personal Credit Cards: Number of Cards in Circulation 2013-2018
Table 10 Personal Credit Cards Transactions 2013-2018
Table 11 Personal Credit Cards in Circulation: % Growth 2013-2018
Table 12 Personal Credit Cards Transactions: % Growth 2013-2018
Table 13 Credit Cards: Number of Cards by Issuer 2013-2017
Table 14 Credit Cards: Number of Cards by Operator 2013-2017
Table 15 Credit Cards Payment Transaction Value by Issuer 2013-2017
Table 16 Credit Cards Payment Transaction Value by Operator 2013-2017
Table 17 Commercial Credit Cards: Number of Cards by Issuer 2013-2017
Table 18 Commercial Credit Cards: Number of Cards by Operator 2013-2017
Table 19 Commercial Credit Cards Payment Transaction Value by Issuer 2013-2017
Table 20 Commercial Credit Cards Payment Transaction Value by Operator 2013-2017
Table 21 Personal Credit Cards: Number of Cards by Issuer 2013-2017
Table 22 Personal Credit Cards: Number of Cards by Operator 2013-2017
Table 23 Personal Credit Cards Payment Transaction Value by Issuer 2013-2017
Table 24 Personal Credit Cards Payment Transaction Value by Operator 2013-2017
Table 25 Forecast Credit Cards: Number of Cards in Circulation 2018-2023
Table 26 Forecast Credit Cards Transactions 2018-2023
Table 27 Forecast Credit Cards in Circulation: % Growth 2018-2023
Table 28 Forecast Credit Cards Transactions: % Growth 2018-2023
Table 29 Forecast Commercial Credit Cards: Number of Cards in Circulation 2018-2023
Table 30 Forecast Commercial Credit Cards Transactions 2018-2023
Table 31 Forecast Commercial Credit Cards in Circulation: % Growth 2018-2023
Table 32 Forecast Commercial Credit Cards Transactions: % Growth 2018-2023
Table 33 Forecast Personal Credit Cards: Number of Cards in Circulation 2018-2023
Table 34 Forecast Personal Credit Cards Transactions 2018-2023
Table 35 Forecast Personal Credit Cards in Circulation: % Growth 2018-2023
Table 36 Forecast Personal Credit Cards Transactions: % Growth 2018-2023

Debit Cards in Russia - Category analysis

Debit Cards in Russia - Company Profile

HEADLINES

PROSPECTS

Debit cards records the strongest performance

Contactless payments drive debit cards

Large portion of consumers still prefer cash

COMPETITIVE LANDSCAPE

Sberbank dominates debit cards

Mir gains share at the expense of Visa and Mastercard

Visa and Mastercard plan to launch a new service

CATEGORY DATA

Table 37 Debit Cards: Number of Cards in Circulation 2013-2018
Table 38 Debit Cards Transactions 2013-2018
Table 39 Debit Cards in Circulation: % Growth 2013-2018
Table 40 Debit Cards Transactions: % Growth 2013-2018
Table 41 Debit Cards: Number of Cards by Issuer 2013-2017
Table 42 Debit Cards: Number of Cards by Operator 2013-2017
Table 43 Debit Cards Payment Transaction Value by Issuer 2013-2017
Table 44 Debit Cards Payment Transaction Value by Operator 2013-2017
Table 45 Forecast Debit Cards: Number of Cards in Circulation 2018-2023
Table 46 Forecast Debit Cards Transactions 2018-2023
Table 47 Forecast Debit Cards in Circulation: % Growth 2018-2023
Table 48 Forecast Debit Cards Transactions: % Growth 2018-2023

Pre-Paid Cards in Russia - Category analysis

Pre-Paid Cards in Russia - Company Profile

HEADLINES

PROSPECTS

Transportation cards driving closed-loop prepaid cards

Open-loop prepaid cards

Government considers new regulations

COMPETITIVE LANDSCAPE

Zolotaya Korona is the leading issuer of prepaid cards

Innovative payment ring and bracelet are launched

Sberbank introduces mobile application and prepaid card for children

CATEGORY DATA

Table 49 Pre-paid Cards: Number of Cards in Circulation 2013-2018
Table 50 Pre-paid Cards Transactions 2013-2018
Table 51 Pre-paid Cards in Circulation: % Growth 2013-2018
Table 52 Pre-paid Cards Transactions: % Growth 2013-2018
Table 53 Closed Loop Pre-paid Cards Transactions 2013-2018
Table 54 Closed Loop Pre-paid Cards Transactions: % Growth 2013-2018
Table 55 Open Loop Pre-paid Cards Transactions 2013-2018
Table 56 Open Loop Pre-paid Cards Transactions: % Growth 2013-2018
Table 57 Pre-paid Cards: Number of Cards by Issuer 2013-2017
Table 58 Pre-paid Cards: Number of Cards by Operator 2013-2017
Table 59 Pre-paid Cards Transaction Value by Issuer 2013-2017
Table 60 Pre-paid Cards Transaction Value by Operator 2013-2017
Table 61 Closed Loop Pre-paid Cards: Number of Cards by Issuer 2013-2017
Table 62 Closed Loop Pre-paid Cards: Number of Cards by Operator 2013-2017
Table 63 Closed Loop Pre-paid Cards Transaction Value by Issuer 2013-2017
Table 64 Closed Loop Pre-paid Cards Transaction Value by Operator 2013-2017
Table 65 Open Loop Pre-paid Cards: Number of Cards by Issuer 2013-2017
Table 66 Open Loop Pre-paid Cards: Number of Cards by Operator 2013-2017
Table 67 Open Loop Pre-paid Cards Transaction Value by Issuer 2013-2017
Table 68 Open Loop Pre-paid Cards Transaction Value by Operator 2013-2017
Table 69 Forecast Pre-paid Cards: Number of Cards in Circulation 2018-2023
Table 70 Forecast Pre-paid Cards Transactions 2018-2023
Table 71 Forecast Pre-paid Cards in Circulation: % Growth 2018-2023
Table 72 Forecast Pre-paid Cards Transactions: % Growth 2018-2023
Table 73 Forecast Closed Loop Pre-paid Cards Transactions 2018-2023
Table 74 Forecast Closed Loop Pre-paid Cards Transactions: % Growth 2018-2023
Table 75 Forecast Open Loop Pre-paid Cards Transactions 2018-2023
Table 76 Forecast Open Loop Pre-paid Cards Transactions: % Growth 2018-2023

Store Cards in Russia - Category analysis

Store Cards in Russia - Company Profile

HEADLINES

PROSPECTS

Limited presence of store cards in Russia

Cobranded cards attract the attention of banks and retailers

COMPETITIVE LANDSCAPE

Credit Europe Bank is the only store card issuer, with IKEA Family card

No competition within the category

CATEGORY DATA

Table 77 Store Cards: Number of Cards in Circulation 2013-2018
Table 78 Store Cards Transactions 2013-2018
Table 79 Store Cards in Circulation: % Growth 2013-2018
Table 80 Store Cards Transactions: % Growth 2013-2018
Table 81 Store Cards: Number of Cards by Issuer 2013-2017
Table 82 Store Cards: Payment Transaction Value by Issuer 2013-2017
Table 83 Forecast Store Cards: Number of Cards in Circulation 2018-2023
Table 84 Forecast Store Cards Transactions 2018-2023
Table 85 Forecast Store Cards in Circulation: % Growth 2018-2023
Table 86 Forecast Store Cards Transactions: % Growth 2018-2023

Financial Cards and Payments in Russia - Industry Overview

EXECUTIVE SUMMARY

Financial cards and payments continue to evolve

Banks attract consumers with various loyalty programmes

Mir national payment system changes competitive environment

Digitalisation and contactless payments are in focus

An ongoing trend from cash to cashless payments is expected

MARKET INDICATORS

Table 87 Number of POS Terminals: Units 2013-2018
Table 88 Number of ATMs: Units 2013-2018
Table 89 Value Lost to Fraud 2013-2018
Table 90 Card Expenditure by Location 2017
Table 91 Financial Cards in Circulation by Type: % Number of Cards 2013-2018
Table 92 Domestic versus Foreign Spend 2018

MARKET DATA

Table 93 Financial Cards by Category: Number of Cards in Circulation 2013-2018
Table 94 Financial Cards by Category: Number of Accounts 2013-2018
Table 95 Financial Cards Transactions by Category: Value 2013-2018
Table 96 Financial Cards by Category: Number of Transactions 2013-2018
Table 97 Consumer Payments by Category: Value 2013-2018
Table 98 Consumer Payments by Category: Number of Transactions 2013-2018
Table 99 M-Commerce by Category: Value 2013-2018
Table 100 M-Commerce by Category: % Value Growth 2013-2018
Table 101 Financial Cards: Number of Cards by Issuer 2013-2017
Table 102 Financial Cards: Number of Cards by Operator 2013-2017
Table 103 Financial Cards: Card Payment Transactions Value by Operator 2013-2017
Table 104 Financial Cards: Card Payment Transactions Value by Issuer 2013-2017
Table 105 Forecast Financial Cards by Category: Number of Cards in Circulation 2018-2023
Table 106 Forecast Financial Cards by Category: Number of Accounts 2018-2023
Table 107 Forecast Financial Cards Transactions by Category: Value 2018-2023
Table 108 Forecast Financial Cards by Category: Number of Transactions 2018-2023
Table 109 Forecast Consumer Payments by Category: Value 2018-2023
Table 110 Forecast Consumer Payments by Category: Number of Transactions 2018-2023
Table 111 Forecast M-Commerce by Category: Value 2018-2023
Table 112 Forecast M-Commerce by Category: % Value Growth 2018-2023

Megatrends

Country Report

Credit Cards in Russia

New Report Guarantee

Executive Summary

New Report Guarantee

PROSPECTS

Credit cards registers a strong performance

Banks continue to lower interest rates on credit cards

Commercial credit cards still a very niche product

COMPETITIVE LANDSCAPE

Sberbank maintains its lead

Loyalty is the key to success

Individual approach to the client

Overview

Why buy this report?

Want to find out more about this report?

Table of Contents

Charge Cards in Russia - Category analysis

Charge Cards in Russia - Company Profile

PROSPECTS

Credit Cards in Russia - Category analysis

Credit Cards in Russia - Company Profile

HEADLINES

PROSPECTS

Credit cards registers a strong performance

Banks continue to lower interest rates on credit cards

Commercial credit cards still a very niche product

COMPETITIVE LANDSCAPE

Sberbank maintains its lead

Loyalty is the key to success

Individual approach to the client

CATEGORY DATA

Debit Cards in Russia - Category analysis

Debit Cards in Russia - Company Profile

HEADLINES

PROSPECTS

Debit cards records the strongest performance

Contactless payments drive debit cards

Large portion of consumers still prefer cash

COMPETITIVE LANDSCAPE

Sberbank dominates debit cards

Mir gains share at the expense of Visa and Mastercard

Visa and Mastercard plan to launch a new service

CATEGORY DATA

Pre-Paid Cards in Russia - Category analysis

Pre-Paid Cards in Russia - Company Profile

HEADLINES

PROSPECTS

Transportation cards driving closed-loop prepaid cards

Open-loop prepaid cards

Government considers new regulations

COMPETITIVE LANDSCAPE

Zolotaya Korona is the leading issuer of prepaid cards

Innovative payment ring and bracelet are launched

Sberbank introduces mobile application and prepaid card for children

CATEGORY DATA

Store Cards in Russia - Category analysis

Store Cards in Russia - Company Profile

HEADLINES

PROSPECTS

Limited presence of store cards in Russia

Cobranded cards attract the attention of banks and retailers

COMPETITIVE LANDSCAPE

Credit Europe Bank is the only store card issuer, with IKEA Family card

No competition within the category

CATEGORY DATA

Financial Cards and Payments in Russia - Industry Overview

EXECUTIVE SUMMARY

Financial cards and payments continue to evolve

Banks attract consumers with various loyalty programmes

Mir national payment system changes competitive environment

Digitalisation and contactless payments are in focus

An ongoing trend from cash to cashless payments is expected

MARKET INDICATORS

MARKET DATA

SOURCES

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