MIL-OSI Russia: Financial news: Cash or non-cash: Russians’ preferences in 2024

Translation. Region: Russian Federal

Source: Central Bank of Russia –

Approximately 10% of citizens have made a clear choice in favor of non-cash payments. Almost the same number, 9%, pay exclusively in cash.

People value cashless services for their speed, simplicity and convenience. Most often they pay with a bank card (77%), in second place are mobile transfers and online banks (44%), in third place is the Fast Payment System (34%).

Cash payments are chosen primarily because they can be made anywhere and at any time. A quarter of the citizens surveyed use cash in everyday payments – most often in small shops, markets, gas stations or when paying for public transport. Half of the respondents keep a supply of banknotes and coins in case they cannot pay cashlessly, a third keep their savings in cash.

Read more in the materials sociological research on the website of the Bank of Russia.

Preview photo: PalSand / Shutterstock / Fotodom

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