Russian Federation

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
Russian Federation
Wallets
Development Secondary Emerging
Send or Receive
GDP ($m)
1,290,082.19
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HDI classification High
Mobile Connections (m)
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"}}
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Channel Analysis
{"type":"ColumnChart","data":[["Category","Initiatives"],["ATM",1],["Location",1],["Mobile",14],["Web",6]],"options":{"title":"Initiatives ( 15 of 15 )"}}
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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 )"}}
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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 )"}}
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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 )"}}
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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 )"}}
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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.
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Type of law
Legal System
Civil law system; judicial review of legislative acts
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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
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Approach
Sectors active in Digital Money
Exclusivity
Certainty
Openness
Proportionate?
Allowed Models
DominantModel
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.
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Payment
Agent
Biggest BB Services as of 2010. services use advanced ATMs that allow cash-in as well as cash-out.
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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 %
Stock Immigrants ('000)
Emigration Rate %
Internal Migrants ('000)
Internal Migration Rate %
Intl Movement Rate %
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
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
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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
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Registered Wallet Users
Top Wallets
Tavrichesky bank-with Beeline and other MNOs
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Informal Market
Cost To Remit
Key Players
Russia Post (not yet mobile)
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