Share of non-cash payments in Russia to exceed 90% threshold by late 2026 or early 2027

AI Summary

The Bank of Russia's National Payment System Department predicts that non-cash payments will exceed 90% of transactions by late 2026 or early 2027. No clear trend towards increased cash usage has been observed, indicating a growing digital payment adoption in Russia.

According to Director of the National Payment System Department at the Bank of Russia Alla Bakina, the regulator does not see a clear trend towards increased use of cash