Russia possesses one of the largest telecoms markets in the world due to its sizeable population. Like much of Russia's economy, the telecoms sector is developing, with total revenue growing by 2.7% during 2009 to reach RUB1.3 trillion. Link to external site : Website for Russian Federation |  |
| Wallets | |
| Development | Secondary Emerging |
| Send or Receive |
Send Register/Log In |
| GDP ($m) |
1,290,082.19 Register/Log In |
| HDI classification | High |
| Mobile Connections (m) |
231.198 Upgrade to Bronze |
| Currency | RUB |
| Class | |
| CountryISO | RU |
| Sovereignity | Country |
| Territory of | - NA - |
{"type":"GeoChart","data":[["Country","Population(m)","Rank"],["RU",141.636,9]],"options":{"title":"Countries","region":"RU","displayMode":"regions","colorAxis":{"minValue":0,"maxValue":1500,"colors":["yellow","green","red"]}}}
{"type":"PieChart","data":[["Operator","Connections"],["MTS (Sistema)",73240000],["MegaFon",60000000],["Beeline (VimpelCom)",53790000],["Tele2",21200000],["Rostelecom",13600000],["Rest ( 7 )",9367725]],"options":{"title":"Connections","is3D":true}}
{"type":"ColumnChart","data":[["Year","Connections"],["Q4 2000",3678280],["Q4 2001",7123738],["Q4 2002",17998396],["Q4 2003",36686762],["Q4 2004",75217975],["Q4 2005",119436187],["Q4 2006",144642788],["Q4 2007",164854417],["Q4 2008",188326137],["Q4 2009",207837840],["Q4 2010",224676666],["Q4 2011",239582679],["Q4 2012",250401848],["Q4 2013",257877386],["Q4 2014",262730984]],"options":{"title":"Connections"}}
| Channel Analysis |
{"type":"ColumnChart","data":[["Category","Initiatives"],["ATM",1],["Location",1],["Mobile",14],["Web",6]],"options":{"title":"Initiatives ( 15 of 15 )"}} |
| COT Analysis |
{"type":"ColumnChart","data":[["Category","Initiatives"],["",4],["Bank",1],["MNO",1],["MTO",1],["PSP",7],["Scheme",1],["TechWeb",1],["Vendor",2]],"options":{"title":"Initiatives ( 15 of 15 )"}} |
| Persona Analysis |
{"type":"ColumnChart","data":[["Category","Initiatives"],["BP",1],["DN",1],["DP",1],["DW",4],["LP",1],["MB",1],["MP",1],["MPOS",1],["MT",2],["NFC",2]],"options":{"title":"Initiatives ( 15 of 15 )"}} |
| Products |
{"type":"ColumnChart","data":[["Category","Initiatives"],["AT",2],["BP",2],["Card",2],["DMT",1],["DP",1],["DW",5],["IMT",1],["LP",2],["MB",1],["MP",8],["MPOS",1],["MT",2],["NFC",2],["OP",6],["PC",1],["WhiteLabel",1]],"options":{"title":"Initiatives ( 15 of 15 )"}} |
| PI Analysis |
{"type":"ColumnChart","data":[["Category","Initiatives"],["",1],["Account",2],["Card",10],["Cash",2],["DW",1],["Mobile Billing",1],["NFC",1],["PC",2],["Wallet",8]],"options":{"title":"Initiatives ( 15 of 15 )"}} |
| Central Bank | |
| Key Regulations |
April 2010 new regulations permit any legal entity to act as payment agent or bank payment agent. Exempt from AML/CFT id payments by individual for 15000 rubles or less. Upgrade to Bronze |
| Type of law |
Civil Upgrade to Bronze |
| Legal System |
Civil law system; judicial review of legislative acts Upgrade to Bronze |
| Law is based on |
Civil Law system descendant from Roman Law through Byzantine tradition. Heavily influenced by German and Dutch norms in 1700-1800's. Socialist-style modification in 1900's, and Continental European Law influences since 1990's Upgrade to Bronze |
| Approach |
Unclear Upgrade to Bronze |
| Sectors active in Digital Money |
NonBank Upgrade to Bronze |
| Exclusivity |
Illegal Upgrade to Bronze |
| Certainty |
Medium Upgrade to Bronze |
| Openness | |
| Proportionate? | |
| Allowed Models |
NB Led Upgrade to Bronze |
| DominantModel |
TP Led Upgrade to Bronze |
| E-Money |
Regulations for E-money not yet in place but in practice there are a number of web based e-money issuers. Defining and regulating e-money high on the Central Banks list. Right now services like webmoney are not regulated so customer funds could be at risk. Upgrade to Bronze |
| Payment | |
| Agent |
Biggest BB Services as of 2010. services use advanced ATMs that allow cash-in as well as cash-out. Upgrade to Bronze |
| Money Transfer | |
| Taxation |
{"type":"Gauge","data":[["Label","Value"],["Mobile Penetration",151.89],["Banked",69],["Internet",21],["Urban",74],["Adult",85],["Literate",99.5208]],"options":{"scaleHeight":0.5,"min":0,"max":100,"redFrom":76,"redTo":100,"yellowFrom":26,"yellowTo":74}}
| Population m | 141.64 |
| Adult % | 85.00 |
| Migrants % |
9.00 Register/Log In |
| Stock Immigrants ('000) |
12,270.40 Upgrade to Bronze |
| Emigration Rate % | |
| Internal Migrants ('000) | |
| Internal Migration Rate % | |
| Intl Movement Rate % |
15.30 Upgrade to Bronze |
| Urban % | 74.00 |
| Female % | 57.80 |
| Literate % | 99.52 |
| Annual Growth % |
| Mobile Penetration % | 151.89 |
| Banked % | 69.00 |
| Access to FS % | 59.75 |
| Internet % | 21.00 |
| Branches per 100k adults | 2.86 |
| ATMs per 100k adults | 65.60 |
| POS per 100k adults | 275.41 |
| Prepaid % | 91.00 |
| Prepaid SIM Registration | |
| MobileUnbanked (m) | 43.91 |
| Monthly ARPU |
10.79 Upgrade to Bronze |
| Cards 2010 ('000) | |
| Propensity % |
| Overall | |
| Population | |
| On Remittance Sent | |
| On Remittance Received | |
| Mobile Unbanked | |
| Migrant % | |
| MP % | |
| Banked % | |
| Development |
| Can Provide Payments? | |
| Can Market under Brand? | |
| Can issue E-Money? | |
| Can Open Customer Account? |
Yes with Proportionate KYC rules Upgrade to Bronze |
| Can Own Customer? | |
| Can do Cash In/Cash Out? | |
| Can offer Domestic Money Transfer? | |
| Can offer International Money Transfer? |
| Importance for Digital Money | |
| Digital Money Adoption |
Prime Candidate Upgrade to Bronze |
| Registered Wallet Users |
2,150,000 Upgrade to Bronze |
| Top Wallets |
Tavrichesky bank-with Beeline and other MNOs Upgrade to Bronze |
| Informal Market | |
| Cost To Remit | |
| Key Players |
Russia Post (not yet mobile) Upgrade to Bronze |