Russian banks on the background of the pandemic have to adapt to a sharp increase in contactless payments.
the Credit organizations believe that in the near future, their share in the total volume will grow even more, so banks are developing new contactless technology, including the payment with links and QR codes.
According to statistics, one of the largest acquiring banks in Russia, “Russian Standard” in 2019, the total share of contactless payments, of 58%, an increase of 17% compared to 2018. In the early months of 2020, their share was 86%.
As noted in the Bank, the Russians EN masse to pay for purchases using smartphones. So, in the previous year, the share of payments from smartphones made up 17% of contactless transactions in the first quarter of 2020, the figure rose to 21%.
VTB noted that more than 80% of transactions in points of sale of goods Russians make contact, of which 64% by card tied to smartphones. Share contactless payments with credit Bank of Moscow already exceeds 20% and is expected to increase by 5-10%. In the “Mail Bank” said that the share of contactless payments is growing all the time, and since the beginning of the year it grew by 10 times.
