Translation. Region: Russian Federal
Source: Central Bank of Russia –
People are increasingly using QR codes, e-wallets, biometrics and other services that allow them to pay and make transfers without cards. In January-March 2025, the number of such transactions increased by almost a third compared to the same period last year and approached 11 billion. This is what they say data Bank of Russia.
In the first quarter of this year, about 800 million payments were made using QR codes and biometrics. This is almost 2 times more than in the same period last year. The amount of purchases paid for in these ways exceeded 1.1 trillion rubles (389 billion rubles).
At the same time, bank cards remain the main payment instrument, although the number of transactions with them has been decreasing for two quarters in a row. In total, 14.9 billion (0.1 billion) transactions for goods and services were made with cards in January-March of this year, for a total of 13.6 trillion (-0.2 trillion) rubles.
Given the demand from customers for various payment tools, banks continued to develop payment infrastructure. The number of POS terminals in Q1 2025 increased by almost 10% compared to January-March 2024 and amounted to 4.9 million.
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