Share of non-cash payments in Russia surpasses 80%

Business & Economy November 04, 2023, 16:28

According to Governor of the Bank of Russia Elvira Nabiullina, the majority of Russians chose non-cash payment options in 2022

MOSCOW, November 4. /TASS/. Non-cash payments account for more than 80% of all payments in Russia. This percentage was only 25% ten years ago, Governor of the Bank of Russia Elvira Nabiullina said.

"One of the markers of the financial system's ‘advancement’ is the share of non-cash payments. We now have nearly the share of non-cash payments - more than 80%," she said.

According to the regulator, the majority of Russians (79%) chose non-cash payment options in 2022.

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