Description
Purpose of the studyTo characterize the current state and prospects of development of the market of financial cards and payments in Russia.
Objectives of the study:
1. To determine the volume, growth rate and dynamics of the development of the market of financial cards and payments in Russia. This market consists of two key areas:
• Financial cards
• Payments
2. Highlight and describe the main segments of the directions of the market of financial cards and payments in Russia.
3. To determine the market shares of banks and payment systems in the market of financial cards and payments in the context of each market direction in Russia.
4. Describe the competitive situation on the market of financial cards and payments in Russia.
5. To identify key trends and prospects for the development of the market of financial cards and payments in Russia in the next few years.
6. To make a forecast of the volume of the market of financial cards and payments in Russia until 2022.
Object of study
Market of financial cards and payments in Russia.
Method of collecting and analyzing data
The main method of data collection is the monitoring of documents.
The main methods of data analysis are the Traditional (qualitative) content analysis of interviews and documents and Quantitative (quantitative) analysis using software packages that our agency has access to.
Content analysis is performed as part of a desk research. In general, the purpose of a desk study is to analyze the situation on the market of microwave ovens in Russia and to obtain indicators characterizing its state now and in the future.
Data analysis method
1. Databases of the Federal Customs Service of the Russian Federation, Federal State Statistics Service of the Russian Federation (Rosstat).
2. Materials DataMonitor, EuroMonitor, Eurostat.
3. Printed and electronic business and specialized publications, analytical reviews.
4. Internet resources in Russia and the world.
5. Expert surveys.
6. Materials of participants of the domestic and world markets.
7. The results of research marketing and consulting agencies.
8. Materials of sectoral institutions and databases.
9. Results of price monitoring.
10. Materials and databases of UN statistics (United Nations Statistics Division: Commodity Trade Statistics, Industrial Commodity Statistics, Food and Agriculture Organization, etc.).
11. Materials of the International Monetary Fund (International Monetary Fund).
12. Materials of the World Bank (World Bank).
13. WTO materials (World Trade Organization).
14. Materials of the Organization for Economic Cooperation and Development (Organization for Economic Cooperation and Development).
15. Materials International Trade Center.
16. Materials Index Mundi.
17. Results of the DISCOVERY Research Group.
Sample size and structure
The procedure of content analysis of documents does not involve the calculation of the volume of the sample. All documents available to the researcher are subject to processing and analysis.
Summary:
DISCOVERY Research Group has completed a study of the market of financial cards and payments in Russia.
The market for financial cards and payments consists of two key areas: “Financial Cards” and “Payments”. The direction “Financial cards” includes the following segments: “ATM card” and “Payment cards”, and the direction “Payments” includes segments: “Operations with payment cards”, “Electronic transfers” and “Operations with cash payments”.
The volume of the “Financial cards” area of the financial cards and payments market in Russia in 2017 amounted to 598,779.9 thousand units. or 42,039.3 billion rubles.
The leading position in the direction of “Financial cards” in Russia in 2017 in natural terms is occupied by the “Payment card” segment.
Growth rates of the “Financial cards” direction of the financial cards and payments market in Russia in 2012-2017 in physical and monetary terms were positive.
The leading positions in the market of financial cards and payments in Russia in 2016 in terms of the volume of cards in circulation are occupied by Sberbank OJSC, the share of Alfa-Bank OJSC and VTB 24 CJSC. The total share of the three leading banks in terms of the volume of cards in circulation is 57.3% of the total market volume in physical terms.
The leading position in the market of financial cards and payments in Russia in 2016 in natural terms is occupied by the payment system Mastercard International Inc, and in value terms, the payment system Visa Inc.
In 2022, the volume of the “Payments” direction in Russia, presumably, can be 51,243.4 billion rubles. or 105,862.5 million transactions.
Brief description of the study
The main purpose of this study is to familiarize market participants - manufacturers, importers, distributors, customers, all interested parties - with the current market situation, events of past periods and future forecasts.
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