The Bank of Russia expects the share of non-monetary transactions to grow to 90% in the next three to five years. This was stated by the first deputy director of the Central Bank, Olga Skorobogatova, at the Data Fusion 2024 conference.
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According to Skorobogatova, in 2014 the number of operations of this type was 25%, while at the end of 2023 it was already 83%.
“And our forecast over the three to five year horizon is that we will get closer to the 90% figure. In the most advanced small European countries this figure is 92% to 93%,” said the first vice president of the Central Bank (cited by Vedomosti).
In March, the head of the Bank of Russia, Elvira Nabiullina, noted that the share of non-cash payments in retail turnover at the end of 2023 exceeded 83.4%. According to her, every second resident of Russia uses transfers through the SBP, and every third person pays for purchases.
Author:
Anastasia Marina
Source: RB
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