Vladimir Chernov, an analyst at the international broker
Posted: Sun Jan 19, 2025 10:48 am
he digital ruble has entered a new stage
Since September 1, the Central Bank has begun a new stage of testing operations with digital rubles, in which 9,000 people and 1,200 companies will take part. Operations with the digital national currency will be available to clients of the same 12 banks that have been participating in the pilot since the beginning of the experiment, from August 2023.
Freedom Finance Global, believes algeria whatsapp number database that German Gref's forecast for 25% of all transactions to be conducted without bank cards by the end of 2024 is ambitious: "In my opinion, this share will not be higher than 15-20%. For most elderly people, new payment methods via QR codes or stickers remain unavailable due to technical difficulties. Many middle-aged people will also continue to use bank cards, as they accrue cashback. Most transactions without using bank cards somehow involve the use of gadgets that can run out of battery at the most inopportune moment, so even followers of payment via QR codes or SBP still usually carry bank cards with them. The dynamics of 25% by the end of the year can be assessed as high, but unlikely at this stage of the development of the payment system. Perhaps such figures can be achieved after the widespread introduction of the digital ruble for transactions in the country."
Vladimir Chernov predicts that only by the end of 2025 can we expect to reach the share of transactions without using bank cards of 25-30% against the backdrop of the introduction of the digital ruble and the development of payment systems using QR codes (the Central Bank of Russia plans to introduce a single QR code for payments).
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Three of them came up with a solution: Alfa-Bank, Sberbank and T-Bank created a consortium
Sberbank, T-Bank and Alfa Bank have joined together in a consortium to create high-tech payment instruments that will provide a high-quality customer experience and strengthen Russia's position in the global fintech industry. The first such instrument should be a single payment QR code. It will become a "key" for buyers to various payment methods of any banks.
Since September 1, the Central Bank has begun a new stage of testing operations with digital rubles, in which 9,000 people and 1,200 companies will take part. Operations with the digital national currency will be available to clients of the same 12 banks that have been participating in the pilot since the beginning of the experiment, from August 2023.
Freedom Finance Global, believes algeria whatsapp number database that German Gref's forecast for 25% of all transactions to be conducted without bank cards by the end of 2024 is ambitious: "In my opinion, this share will not be higher than 15-20%. For most elderly people, new payment methods via QR codes or stickers remain unavailable due to technical difficulties. Many middle-aged people will also continue to use bank cards, as they accrue cashback. Most transactions without using bank cards somehow involve the use of gadgets that can run out of battery at the most inopportune moment, so even followers of payment via QR codes or SBP still usually carry bank cards with them. The dynamics of 25% by the end of the year can be assessed as high, but unlikely at this stage of the development of the payment system. Perhaps such figures can be achieved after the widespread introduction of the digital ruble for transactions in the country."
Vladimir Chernov predicts that only by the end of 2025 can we expect to reach the share of transactions without using bank cards of 25-30% against the backdrop of the introduction of the digital ruble and the development of payment systems using QR codes (the Central Bank of Russia plans to introduce a single QR code for payments).
Read also
Three of them came up with a solution: Alfa-Bank, Sberbank and T-Bank created a consortium
Sberbank, T-Bank and Alfa Bank have joined together in a consortium to create high-tech payment instruments that will provide a high-quality customer experience and strengthen Russia's position in the global fintech industry. The first such instrument should be a single payment QR code. It will become a "key" for buyers to various payment methods of any banks.