The share of cash in Russia continued to decline since COVID-19 whilst credit cards and, to a lesser extent, wallets became more popular. The share of transactions paid for in physical stores that involved paper money or coins declined from roughly 50 percent before the coronavirus pandemic to 35 percent in 2021. This shift in payments might coincide with the growing number of credit cards issued in Russia. How mobile wallets will develop in the country was unclear: The source notes that the user count of digital wallets like QIWI, VK Pay and WebMoney initially declined after a ban of anonymous deposits in August 2020 from the Russian government.
Market share of cash, credit cards, and other payment methods at point of sale (POS) in Russia in 2017, 2019, 2020 and 2021
* The source made changes to its categories in 2021, see the "Details" tab for more information.
Supplementary notes
In 2022, the source stated it made two changes to the categories used in previous years. These include a combination of "credit cards" with "charge/deferred debit cards" and the split of BNPL from "POS financing" (which itself was added as a new category in 2020). The latter change was made to atone for the "growing importance of BNPL".
The figures have been taken from several publications. No figures were available for 2018 as the source did not release any reports that year.
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Worldpay. (March 2, 2022). Market share of cash, credit cards, and other payment methods at point of sale (POS) in Russia in 2017, 2019, 2020 and 2021 [Graph]. In Statista. Retrieved November 17, 2024, from https://www.statista.com/statistics/1117274/russia-pos-payment-methods-by-type/
Worldpay. "Market share of cash, credit cards, and other payment methods at point of sale (POS) in Russia in 2017, 2019, 2020 and 2021." Chart. March 2, 2022. Statista. Accessed November 17, 2024. https://www.statista.com/statistics/1117274/russia-pos-payment-methods-by-type/
Worldpay. (2022). Market share of cash, credit cards, and other payment methods at point of sale (POS) in Russia in 2017, 2019, 2020 and 2021. Statista. Statista Inc.. Accessed: November 17, 2024. https://www.statista.com/statistics/1117274/russia-pos-payment-methods-by-type/
Worldpay. "Market Share of Cash, Credit Cards, and Other Payment Methods at Point of Sale (Pos) in Russia in 2017, 2019, 2020 and 2021." Statista, Statista Inc., 2 Mar 2022, https://www.statista.com/statistics/1117274/russia-pos-payment-methods-by-type/
Worldpay, Market share of cash, credit cards, and other payment methods at point of sale (POS) in Russia in 2017, 2019, 2020 and 2021 Statista, https://www.statista.com/statistics/1117274/russia-pos-payment-methods-by-type/ (last visited November 17, 2024)
Market share of cash, credit cards, and other payment methods at point of sale (POS) in Russia in 2017, 2019, 2020 and 2021 [Graph], Worldpay, March 2, 2022. [Online]. Available: https://www.statista.com/statistics/1117274/russia-pos-payment-methods-by-type/
