Individuals choose different payment options: Bank of Russia’s new statistics
Cashless transactions still show an upward trend, as evidenced by the Bank of Russia’s data.
However, users change their preferences: over the first nine months of 2024, the overall amount of card payments declined year-on-year. Individuals and businesses use QR codes and biometric data more frequently. Between January and September 2024, they chose these payment options to make purchases worth ₽2.6 trillion and ₽7.8 trillion, respectively. The amount of payments made via e-money systems that are extensively used by marketplaces almost doubled year-on-year.
Over the first three quarters of 2024, the number of cashless payment terminals increased by 341,000, exceeding 4.8 million.
It should be noted that, starting from 2024, payment services market participants are to submit their reporting using new forms. The information received helps monitor modern market trends as well as demand for instruments and technologies provided by the payment infrastructure. Thus, the updated statistics include transactions made using biometric data and QR codes, among other things.
The list of data to be published will be gradually extended.