economy
December 30, 2025
Share of cashless payments in Russia to exceed 90% by 2030
The number of transactions using bank cards slipped by 3% in Q3 2025
TL;DR
- The share of cashless payments in Russia is expected to exceed 90% by 2030.
- In the first nine months of 2025, cashless payments accounted for 87.8%.
- This represents a substantial increase from less than 20% in 2013-2014.
- Card transactions saw a 3% slip in number and a 6% decrease in volume in Q3 2025.
- The growth rate of card transactions is slowing down.
- Various payment instruments will coexist to meet consumer preferences.
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