Flag of Russia Russia

Wireless payment

Digitalization

Internet usage (of pop.)
75.9%
Did online shopping (age 15+)
35 – 39%
Paid bills via internet (age 15+)
43 – 47%
Accessed a bank account online (age 15+)
42 – 45%
Paid utility bills using a mobile phone (age 15+)
11 – 12%
Made or received digital payments (age 15+)
84 – 90%

Data overview for Russia

Wireless payment

Digitalization

Internet usage (of pop.)
75.9%
Did online shopping (age 15+)
35 – 39%
Paid bills via internet (age 15+)
43 – 47%
Accessed a bank account online (age 15+)
42 – 45%
Paid utility bills using a mobile phone (age 15+)
11 – 12%
Made or received digital payments (age 15+)
84 – 90%
Business chart

Macro data

Population 2020
146.7M
GDP Total 2020
1300.1B
GDP per capita 2020 (PPP)
24,600
GDP forecast 2021
2.3%
Cash increase

Banking data

Total bank assets 2020
1244.3B
Total bank assets 2020/GDP
106%
Account ownership (age 15+)
90 – 96%
Debit card ownership (age 15+)
65 – 68%
Coin in hand

Economic data

Unemployment
5.1%
Currency
RUB
Remittances (% of GDP)
0.7%
Private Consumption (yoy)
1.5%

Data provided by Raiffeisen Research, Sources

Articles about fintech in Russia

Russia compared to other CEE countries

Data provided by Raiffeisen Research, Sources

See all CEE countries