16:28, 4 June 2009 Page views 295 views

Turnover of Russian Instant Payments Market Grew by 22% in Q1, 2009

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Committee on Payment Systems and Banking Instruments of NAUET (National Association of Electronic Commerce Members) reported that turnover of Russian instant payments market reached RUR141 billion and grew by 22% in Q1, 2009, compared with RUR115.57 billion in Q1, 2008.

The total number of transactions via points of instant payments’ acceptance increased by 13% and amounted to 1.3 billion. As a comparison, the number of instant payments amounted to 1.15 billion in Q1, 2008.

According to Boris Kim, Chairman of the Committee on Payment Systems and Banking Instruments of NAUET, the growth of instant payments’ number demonstrates formation of population’shabit to use this service for wide range of day-to-day payments, and the increase of an average sum of transactions (by 8% compared with Q1, 2008) shows the growth of reliance to payment terminals.

There are more than 350,000 points of payments’ acceptance in Russia, daily conducting 15 million transactions (about 200 payments per second).


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