J’son & Partners Consulting presents the research of the Russian market of payment terminals (banking (soft hardware complex with BNA (bill note acceptor), which insures payments from individuals who are serviced by banking organization) and non-banking (soft hardware complex with BNA (bill note acceptor), which insures payments from individuals who are serviced by non-banking organization)), which is part of the electronic payment systems (EPS) market together with distance financial services (include: mobile banking, internet banking, SMS banking, provider of mobile phone payments, e-money).
According to J’son & Partners Consulting Russian EPS market turnover will be 2 290 bln.RUB in 2013 and will demonstrate 22% growth in comparison with 2012. The turnover of payment terminals market (PTM) will reach 1 030 bln.RUB in 2013 or 45% of the total turnover of EPS market that it will be less than a half of the EPS market for the first time. We are expecting the constant decrease of PTM market in the coming 5 years and forecast its share as 28% in 2018.
4 hereinafter 20XXA- Actual (actual data), 20XXE – Estimates (estimated data), 20XXF-Forecast (forecasts)
Non-banking payment terminals market (NРT)
The largest Russian market players are terminals networks: QIWI, CyberPlat and ElecsNet.
J'son & Partners Consulting estimates that there will be 220 thousands NPT at the end of 2013 (-1.4% in comparison with 2012) and the number will decrease to 200 thousand at 2018. The decrease will mainly be due to the high competition with banking terminals and high increasing volume of distance finance services.
J'son & Partners Consulting analysts forecast for the following 5 years an increase in the turnover, due to the decrease in the share of payments for mobile connection and increase in money transfers (despite the slight fall in number of NPT). In 2013 the payments turnover on NPT market will be 850 bln.RUB (+7% in comparison with 2012) and could be over 960 bln.RUB in 2018. NPT’s share in the payments terminals turnover is decreasing and will be 82% in 2013.
According to J'son & Partners Consulting, the vast changes are expecting in the structure of payments via NPT: share of money transfers will increase in 2013 from 16% to 21% in 2018; share of payments for mobile connection on the other hand will decrease from 55% to 38%.
At the end of 2012 the total share of the largest market players practically didn’t change and it still is over 80%.
If the tendency of decreasing number of NPT and increasing number of transactions keeps going, the increase in average size of transactions will help to keep the positive dynamics of the payments’ turnover (-6% for 2012, 08% for 2013), nevertheless, the commission will be in the range of 6.1% - 5.9% until 2018.
Banking payment terminals (BPT) market
There are several market players on the BPT Russian market and the largest are Sberbank, Ocean bank, Promsvyazbank, Moscow Credit Bank, Bank Russian Standard.
According to J'son & Partners Consulting, in 2012 it was 55.4 thousands of BPT in Russia. 30% of them are located in Moscow and Moscow region, 10% in St.Petersburg and 61% in other regions. We are expecting the number of BPT will increase for 8% at the end of 2013 and will reach 59.7 thousand, and 73 thousand at the end of 2018. Although the regional structure (especially Moscow and St.Petersburg) will be the same.
J'son & Partners Consulting analysts forecast the BPT market turnover will be 181 bln.RUB (+16% in comparison with 2012) at the end of 2013 and will reach 262 bln.Rub at the end of 2018.
According to J'son & Partners Consulting, turnover structure of payments for the next 5 years will be changing in the same direction as NBT turnover: share of money transfers will grow from 21% in 2013 till 27% in 2018, share of payments for mobile connection will decrease from 51% to 34%.
The largest BPT market players increasing their market share: at the end of 2012 the total share of 5 largest market players increased for 3% and was over 60% (Sberbank, Ocean Bank, Promsvyazbank, Moscow Credit Bank, Bank Russian Standard).
The number of BPT transactions increased for 13% at the end of 2013, although the growth rate of number of transactions is decreasing and could be 6% at the end of 2013.
In the next 5 years the growth of almost all key indices of BPT market will increase. Nevertheless, according to J'son & Partners Consulting estimations, the number of transactions after 2014 – 2015 will start to decrease yearly. This tendency will hardly influence the positive dynamic of payments turnover due to the average size of transaction (taking into consideration also the changes in turnover structure by payments’ directions). The size of average commission for transaction is slightly decreasing, but it will still be between 5.1% - 4.9% until 2018 and won’t be less than 1% in comparison with NBT market.
The content of the full version of the report: “Russian market of payment terminals”
3. Market of the electronic payments
3.1. Overview of the electronic payments market
3.2. Tendencies, forecasts and perspectives of the electronic payments market in Russia
3.3. Volume and market dynamics, pcs.
4. Russian market of the banking payment terminals, 2008A-2012A-2013E-2018F
4.1. Dynamics of the number of banking payment terminals by regions
4.2. Dynamics of the number of banking payment terminals by key market players
4.3. Dynamics of the banking payment terminals’ turnovers by key market players
4.4. Dynamics of the number of transactions by key market players
4.5. Dynamics of the average commission by key market players
4.6. Payments’ distribution by market segments
4.6.1. Largest market players of the Russian banking payment terminals market
4.6.3. Ocean Bank
4.6.5. Moscow Credit Bank
4.6.6. Russian Standard
5. Russian non-banking payment terminals market, 2008A-2012A-2013E-2018F
5.1. Dynamics of the number of non-banking payment terminals
5.2. Dynamics of the non-banking payment terminals by key market players
5.3. Dynamics of the number of transactions by key market players
5.4. Dynamics of the average commission by key market players
5.5. Distribution of payments by market segments
5.6. Largest market players of the Russian non-banking payment terminals market
This Information Note is Prepared by J’son & Partners Consulting, We strive to provide factual and prognostic data that fully reflect the situation and are available to us before issuing the material. J’son & Partners Consulting reserves the right to revise the data after publication of new official information by the market players.
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