🧨 Russia 🇷🇺: Central Bank reveals QR and biometric payment statistics

Morgan Ellis

🧨 Russia 🇷🇺: Central Bank reveals QR and biometric payment statistics

This year, Russians are increasingly adopting QR and biometric payments over cards. Key insights:

▶️ From January to September, consumers and businesses made purchases worth 2.6 trillion rubles using QR codes, while 7.8 billion rubles were processed via biometric payments.

▶️ During the same period, payments via electronic money almost doubled compared to the previous year, becoming the favorite option for marketplaces.

▶️ Highlights on QR codes:

🍓 Since July, banks like Sber, Alfa, and T-Bank have been testing a universal QR system.

🍓 In November, a draft law was introduced in the Duma mandating banks to use only the NSPK-based QR system, consolidating government control over this payment method.

Changes are underway. 🛠️

#news #Russia #digitalpayments

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