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Russia

RU · RUS · 643EuropeRUB ₽16 methods

5 sources

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
MixMethodsBehaviourBanksSourcesFacts

Payment mix

share of e-commerce spend · 2024e
  • Card (MIR / domestic)60%
  • SBP Instant Transfer20%
  • E-Wallet (SBPay, YooMoney)10%
  • Cash7%
  • Other3%

Methods in use

top 8 of 16
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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