Consulting company J’son & Partners reported that in 2013 the payment terminals market turnover was 1.1 trillion roubles. The electronic payment systems (EPS) market reached 2.4 trillion roubles which is 27% more compared with 2012. At that, the turnover of the payment terminals grew 10% from 1 trillion roubles in 2012 which is less than half of the market share.
J’son & Partners Consulting sees decline in payment platforms turnovers to 31% of the EPS market by 2018. The absolute figures of the payment platforms and EPS will continue to grow and will hit 1.5 and 5 trillion roubles correspondingly.
By the end of 2013, there were 220 thousand non-banking payment terminals in Russia, up 1.4% from a year earlier. In 2018 this figure is expected to fall to 200 thousand amid stronger competition with banking terminals and growing popularity of distance finance services.
Despite lower number of non-banking payment terminals, the turnover is expected to be higher. At the end of 2013, it was 0.91 trillion roubles which is 14% more than in 2012. In 2018, this indicator is forecasted to exceed 1.2 trillion roubles.
The non-banking payment systems share will increase significantly due to lower share of payments for mobile connection.
J’son & Partners Consulting note that the Russian Duma is considering a law draft which limits the maximum commission for processing payments via non-banking agents. The analysts think that such measure may slower the pace of development of non-banking payment terminals. If this law is accepted, the forecasts may be revised.
The number of banking payment terminals in Russia totaled 58 thousand at the end of 2013. 30% of them were in Moscow region, while 10% are located in St. Petersburg and the region. Overall, 60% of them are in the other regions of Russia. By 2018, the number of such terminals may grow by 13% to 65 thousand.
The turnover of banking payment terminals totaled 180 billion roubles in 2013 which is 16% more than last year. By the end of 2018, the revenue may increase to 260 billion roubles.
