Russia Payment Services Market Outlook to 2025
Breaking New Grounds through Alternative Payment Systems such as Contactless Payments albeit Challenging Profitability of Incumbent Firms)
Region:Europe
Author(s):Lakshay Aggarwal and Aditya
Product Code:KR886
September 2019
262
About the Report
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
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 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
Products
Companies
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)
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
Table of Contents
1. Executive Summary
2. Market Definitions
3. Research Methodology
3.1. Market Sizing and Modeling
Market Sizing Approach
Variables (Dependent and Independent)
Multifactor Based Sensitivity Model
Regression Matrix
Limitations
Final Conclusion
Russia Terminals Market (POS Terminals)
Market Sizing Approach
Limitations
Russia Terminals Market (Banking ATMs)
Market Sizing Approach
Limitations
Russia Payment Cards Market
Market Research Approach
Limitations
Russia Payment Aggregators Market
Market Sizing Approach
Limitations
Russia E-Money Market
Market Research Approach
Limitations
3.2. Abbreviations
4. Demographic Overview of Russia
5. Economic Overview of Russia
5.1. Shadow Economy of Russia
6. Cross Comparison of Russia with other Countries on the Basis of Progression Towards Becoming Cashless
6.1. Consumer Adaptability
Annual Non-Cash Transactions per Capita
Average Card Holding per Capita
6.2. Payment Infrastructure
Number of ATM Terminals per 1 Million POpulation
Number of POS Terminals per 1 million POpulation
7. Consumer Profile in Russia Payment Services Market
8. Russia Payment Services Market
8.1. Cash Payments
8.2. Non-Cash Payments Market
9. Russia Terminals Market (Banking ATMs)
9.1. Value Chain of Supply of ATM Terminals
9.2. Market Ecosystem
9.3. Russia Terminals Market (Banking ATMs) Overview
9.4. Russia Terminals Market (Banking ATMs) Segmentation
9.4.1. By Type of Transactions including Financial and Non-Financial Transactions, 2013-2018
On the Basis of Number of Transactions, 2013-2018
On the Basis of Value of Transactions
9.4.2. Number of ATM Terminals by Region, 2018
9.5. Competitive Landscape in Russia Terminals Market (Banking ATMs)
9.5.1. By Issuers (Credit organizations), 2018
9.5.2. By ATM Device Manufacturers, 31st December 2018
9.5.3. By ATM Management Service Providers, 2018
9.6. Snapshot on Cash Management Companies Operating in Russia Terminals Market (Banking ATMs)
9.7. Russia Terminal Market (Banking ATMs) Future Outlook and Projections, 2018-2025E
Global Technology Trends in ATM Terminals
10. Russia Terminals Market (POS Terminals)
10.1. Value Chain of Russia Terminals Market (POS Terminals)
10.2. Russia Terminals Market (POS Terminals) Overview and Genesis
10.3. Russia Terminals Market (POS Terminals) Segmentation
10.3.1. By Type of POS Devices including Fixed and Mobile, 2013-2018
10.3.2. Number of POS Terminals Installed by Geography
10.3.3. Number of POS Terminals Installed by Demand from End User Industries
10.4. Competitive Landscape of POS Device Manufacturers in Russia Terminals Market (POS
Terminals)
10.4.1. Market Share of Major Players in Russia POS Terminals Market, 2018
10.4.2. Company Profiles of Major Players Including Ingenico, Verifone and Others
Ingenico
Verifone
PAX Technologies
10.5. Russia Terminal Market (POS Terminals) Future Outlook and Projections, 2018-2025E
11. Russia Payment Cards Market
11.1. Operating Model of Russia Payment Cards Market
11.2. Card Holder Profile in Russia Payment Cards Market
11.3. Russia Payment Cards Market Overview
11.4. Russia Payment Cards Market Segmentation
11.4.1. By Type of Cards Including Debit and Credit Cards, 2013-2018
Debit Cards
Credit Cards
11.4.2. Segmentation by Type of Transactions including Cash Withdrawals, Payment Transactions
and Other Transactions
On the Basis of Number of Transactions
On the Basis of Value of Transactions, 2013-2018
11.4.3. Segmentation by Type of Card Holder including Individuals and Legal Entities, 2013-2018
11.5. Snapshot on Card Manufacturers in Russia Payment Cards Market
11.6. Competitive Landscape in Russia Payment Cards Market
11.6.1. By Issuers, 2013-2018
Debit cards, 2013-2018
Credit Cards, 2013-2018
Fees Charged by Different Issuers on Debit and Credit Cards, 2018
11.6.2. By Payment System Operators, 2013-2018
Debit Cards
Credit Cards
11.7. Russia Payment Cards Market Future Outlook and Projections, 2018-2025E
12. Russia E-Money Market
12.1. Trends and Developments in Russia E-Money Market
12.2. Issues and Challenges in Russia E-Money Market
12.3. Government Regulations in Russia E-Money Market
12.4. Company Profile of Major Players in the Russia E-Money Market
Qiwi
Yandex.Money
WebMoney
Paypal
13. Russia Payment Aggregator Market Overview and Genesis
13.1. Operating Model for Russia Payment Aggregator Market
13.1.1. Transaction Flow Model
13.1.2. Working Model
13.2. Security Regulations regarding Russia Payment Aggregator Market
13.3. Russia Payment Aggregators Market Size, 2015-2018
13.4. Competitive Landscape of Major Players in Russia Payment Aggregator Market
13.4.1. Strengths and Weakness of Major Companies in Russia Aggregator Market
13.4.2. Market Share of Major Players in the market on the Basis of Number of Merchant Websites
Integrated, 2015-2018
13.5. Company Profiles of Major Players in the Russia Payment Aggregator Market
Yandex.checkout
Robokassa
Payeer
UnitPay
PayAnyWay
13.6. Cross Comparison of Major Players in Russia Payment Aggregator Market
13.7. Russia Payment Aggregator Market Future Outlook and Projections, 2018-2025E
13.8. Russia Non-Cash Payments Market Future Outlook and Projections, 2018-2025E
14. Analyst Recommendations For QIWI
Payment Terminals Operated by QIWI
Payment Aggregator segment
POS Terminals Market
Payment Cards Segment
E-Money Market
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