Russia

RU · RUS · 643EuropeRUB ₽16 methods

Revised · 5 sources

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Visa and Mastercard suspended operations in Russia in March 2022; Russian-issued Visa/Mastercard only work domestically

$65 bn

e-commerce spend · 2024e

~130M

online population

~23%

of total retail

~85%

banked adults

~65%

credit card population

Mix Methods Behaviour Banks Sources Facts

Payment mix

share of e-commerce spend · 2024e

CategoryLeading methodShare

Card (MIR / domestic)MIR60%
SBP Instant TransferSBP (Faster Payments System / СБП)20%
E-Wallet (SBPay, YooMoney)PayPal10%
Cash—7%
Other—3%

Methods in use

top 8 of 16 · by spend

MethodTypeShare

All 16 methods in Russia →

Checkout behaviour

MIR card accounts for 66.7% of all domestic transactions; NSPK (MIR operator) was sanctioned by the US Treasury in February 2024

SBP (Faster Payments System / СБП) enables real-time transfers via phone number at near-zero fees; available at 207 banks and 4.8M outlets

~23%

e-commerce of retail

Facts

ISO 3166: RU · RUS · 643
Region: Europe
Population: 144M
Currency: RUB ₽
Internet use: 90.4%
Banked adults: ~85%
Methods live: 16
Banks covered: 13

Largest banks

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Sources

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