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non-cash payments

Stable2 articles1 sourcesDernière mise à jour: 25.05.2026

Sujets associésBank of Russia retail turnover cash payment systems e-wallets online purchases money transfers cash withdrawal

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Russia's non-cash payments to exceed 90% by early 2027

25.05.2026Résumé IA

Russia's non-cash payments to exceed 90% by early 2027

Russia's non-cash payments are projected to surpass 90% by the end of 2026 or early 2027, according to Alla Bakina of the Bank of Russia. No significant increase in cash demand has been observed, while non-cash payments already reached 88.9% of retail turnover in Q1 2026.

Non-cash payments hit 88.9% of Russian retail turnover in Q1 2026

25.05.2026Résumé IA

Non-cash payments hit 88.9% of Russian retail turnover in Q1 2026

Non-cash transactions constituted 88.9% of Russia's retail turnover in Q1 2026, an increase of 0.9 percentage points from the previous quarter, according to the Bank of Russia. E-wallets saw significant growth, particularly for online purchases.