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Cashless payments in Russia expected to reach 84-85% — Central Bank

"We see growth and that its pace is maintained," the regulator pointed out

ST. PETERSBURG, July 4. /TASS/. The Bank of Russia expects that the share of cashless payments in the country will be at the level of 84-85%, First Deputy Governor of the Central Bank Olga Skorobogatova told reporters on the sidelines of the Financial Congress of the Bank of Russia.

"We expect it will be 84-85% as of the year-end. We see growth and that its pace is maintained," the deputy governor said.

The Central Bank said earlier that the share of cashless payments in the retail turnover was over 83.4% as of 2023 year-end.

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Central Bank of Russia

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