The share of cashless payments in Russia will continue to grow and will exceed 90% by 2030, Director of the National Payment System Department at the Bank of Russia Alla Bakina said in an interview with TASS.

\"It's clear that the share of cashless payments will continue to grow. It's already very high, so achieving each additional percentage point requires significant effort. In the first nine months of 2025, the share of cashless payments was 87.8%. These are enormous numbers. We've made a colossal leap in just ten years. I believe we'll exceed 90% by 2030,\" she said, adding that this share equaled less than 20% in 2013-2014.

The number of transactions using bank cards slipped by 3% in Q3 2025, while volumes decreased by 6%, Bakina added.

\"It's already clear that the growth rate of card transactions is slowing. Comparing the figures for the third quarters of this and last year, the decline was 3% and 6% in terms of the number and volume, respectively,\" Bakina said. \"There will be enough space for all payment instruments since everyone has their own preferences,\" she noted.

","freeContentEncoded","textContent","published","strategy","curl-ready","locked","deletedAt","isSyncedFromOwnBlog","original","duplicatesCount","duplicateVersion","originalArticleId","errorsCount","appearance","article","color","backgroundColor","shortSummary","Cashless payments in Russia are set to surpass 90% by 2030, despite a recent dip in card transaction growth.","summary","The share of cashless payments in Russia is projected to exceed 90% by 2030, continuing a significant growth trend from less than 20% in 2013-2014. While the overall trend is upward, transactions using bank cards saw a 3% decrease in number and a 6% decrease in volume in the third quarter of 2025, indicating a slowing growth rate. Despite this, diverse payment instruments will continue to coexist to cater to various consumer preferences.","bullets",[208,209,210,211,212,213],"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.","persons",[216],"Alla Bakina","places",[31],"words",189,"sentiment",1,"subject","meta",{"_226":227,"_228":229,"_253":235},"type","bee:get-index-of-articles","schedule",{"_16":230,"_41":-5,"_231":232,"_65":-5,"_233":-5,"_144":222,"_234":235,"_236":71,"_68":69,"_223":29,"_237":-5,"_238":69,"_188":189,"_239":240,"_43":240,"_241":242,"_243":71,"_244":240,"_45":240,"_245":69,"_67":97,"_246":247,"_248":-5,"_249":250,"_251":-5,"_252":-5},"e5a975c0-b1e8-48a0-bc71-1bdb0bb15fc7","npub","npub1czfyz3zkzhv2fjau4yrxaft3zphzaygazjadjy5ldfdkv0q2c8tsyplhuw","jobId","rssUrl","https://tass.com/","system","userRef","autosign","syncedAt","2025-12-30T22:29:56.264Z","frequency","daily","isOwnBlog","nextRunAt","autopublish","sourceVariant","rss","systemVariant","scheduleVariant","scraping-bee-classic-proxy","retryArticlesIds","ownershipConfirmedAt","dataSourceUrl","eventId","7ae53e9a59498999e94d2c30a6748ca9283f5518a660e89d72a1bd36b641a6c9","nostrRootEvent","event",{"_16":255,"_259":260,"_261":222,"_65":262,"_275":274,"_181":276,"_277":278},"sig","24c1875be7665ad24a2d4a7d92ef60ea2b3d836dd463bd6b09e3c6983bfaa70d59ba8027525473d1cf3d620d96163271847e28be9a1852b86fa0529553c0e276","kind",[263,264,265,269,272],[223,168],[34,174],[266,267,29,268],"a","30023:c09241445615d8a4cbbca9066ea571106e2e911d14bad9129f6a5b663c0ac1d7:867e93d7-1f2d-4fe1-b17f-9aed6af60391","mention",[270,271],"client","Layer3.press",[273,274,29],"p","c09241445615d8a4cbbca9066ea571106e2e911d14bad9129f6a5b663c0ac1d7","pubkey","Share of cashless payments in Russia to exceed 90% by 2030\nThe number of transactions using bank cards slipped by 3% in Q3 2025\n\n\nnostr:naddr1qvzqqqr4gupzpsyjg9z9v9wc5n9me2gxd6jhzyrw96g36996myff76jmvc7q4swhqqjrsd3hv5unxeph95ckvvny956xvef3943rzdmx95ukzetyxeskvd3sxvunzvhrsd9 ","created_at",1767133826,"authorNPub","markdown","freeMarkdown","kind1EventId","kind30023EventId","5824d05d06b85154110c6685fefc2851120b8a3a32746faedb7ee6aca85c092e","kind30023",{"_16":284,"_259":287,"_261":288,"_65":289,"_275":274,"_181":303,"_277":278},"3f71bcb0f8fb56ccd20e2b6e34a8aebe21841688d986780667a750d31431bb8eb924e9ad865ed9e0ee22a471e49dfd12077717905eff04f1dfcde7303b89c859",30023,[290,293,294,297,298,300,301,302],[291,292],"r","https://russia.layer3.press/articles/867e93d7-1f2d-4fe1-b17f-9aed6af60391",[30,168],[295,296],"published_at","1767022872",[34,174],[299,163],"d",[204,169],[270,271],[273,274,29],"Share of cashless payments in Russia to exceed 90% by 2030\nThe share of cashless payments in Russia is projected to exceed 90% by 2030, continuing a significant growth trend from less than 20% in 2013-2014. While the overall trend is upward, transactions using bank cards saw a 3% decrease in number and a 6% decrease in volume in the third quarter of 2025, indicating a slowing growth rate. Despite this, diverse payment instruments will continue to coexist to cater to various consumer preferences.\n - The share of cashless payments in Russia is expected to exceed 90% by 2030.\n - In the first nine months of 2025, cashless payments accounted for 87.8%.\n - This represents a substantial increase from less than 20% in 2013-2014.\n - Card transactions saw a 3% slip in number and a 6% decrease in volume in Q3 2025.\n - The growth rate of card transactions is slowing down.\n - Various payment instruments will coexist to meet consumer preferences.\n","publishedToNostr","htmlContentKind30023","

The number of transactions using bank cards slipped by 3% in Q3 2025, while volumes decreased by 6%, Bakina added.

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The Russian economy will transition to sustainable, balanced growth rates next year, with GDP growth expected to be around 1% by the end of this year, Finance Minister Anton Siluanov said in an interview with the Rossiya-24 TV channel.

\"We are seeing a planned slowdown in the dynamics of economic development, which should lead to sustainable, balanced growth rates starting next year,\" he said.

GDP growth will be around 1% by the end of this year, the minister added.

Russian President Vladimir Putin said during the combined Direct Line Q&A session and year-end press conference headlined Results of the Year that the country’s GDP grew by 1% in 2025, while cumulative growth over the past three years totaled 9.7%, significantly exceeding that of Europe.

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\"We are seeing a planned slowdown in the dynamics of economic development, which should lead to sustainable, balanced growth rates starting next year,\" he said.

GDP growth will be around 1% by the end of this year, the minister added.

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Economy

economy

Share of cashless payments in Russia to exceed 90% by 2030

economy

Russian economy to transition to sustainable growth rates in 2026