Russia Payments Industry Outlook 2022 - 2026

Key Market Indicators

The number of payment terminals in Russia is expected to reach 32 million by 2026, up from 26 million in 2021. This growth of 3.6% per year on average is an improvement from the 5.3% year-on-year growth since 2012. In 2021, Russia ranked 6th, with South Korea in the lead at 26 million units. China, Brazil and the United Kingdom followed as the second, third and fourth biggest markets. Meanwhile, Russia’s payment transaction value is forecast to drop 5.2% annually to reach $6.6 trillion by 2026, compared to $9.1 trillion in 2021. This is a decrease from the 2.6% year-on-year decline since 2012. In 2021, Australia led the ranking with $9.1 trillion, while the United States, the United Kingdom and Germany followed as the second, third and fourth biggest markets respectively.

Russia Payments Market Data and Forecasts

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