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Russian Market of Payment Terminals

February 2013

Analytical Report (full version)

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Analytical Report (full version)

Russian Market of Payment Terminals
Russian Market of Payment Terminals
February 2013

Russian Market of Payment Terminals

February 2013

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J’son and Partners Consulting presents main results of the research of the Russian* (*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)) payment terminals market. This market along with remote financial services* (*includes: mobile banking, internet banking, SMS banking, mobile phone provider payments, e-money) constitutes part of electronic payment systems market (EPS).

 

J’son and Partners Consulting estimated EPS market turnover in Russia will reach the figure of RUB 1 811 billion in 2012 which is 24% increase compared to 2011. Payment terminals market turnover in 2012 amounted to RUB 915 billion or 51% of the planned turnover. By 2017 share of payment terminals in EPS will decrease to 30%.

 

 

Non-banking Payment Terminals market (NPT)

There are several players on Russian Non-banking Payment Terminals market (NPT), the biggest among them are the following terminal systems: QIWI, CyberPlat and ElecsNet.


J’son and Partners estimates there were 228 thousand NPTs in Russia in 2012, by 2017 its number will decrease to 216 thousand. Such a decrease will be the result of increase competitiveness from banking terminals and increased popularity of remote financial services.

 

 

In 2012 NTP market turnover showed an increase of 4.5% compared to 2011 reaching the figure of RUB 762 billion. Combined market share of QIWI, CyberPlat and ElecsNet in 2011 exceeded 80%. By the end of 2017 market turnover will exceed RUB 870 billion, at the same time compound annual growth rate (CAGR) during 2012 – 2017 will amount to 3%.

 

 

In 2012 number of transaction on NTP market decreased by 7% compared to 2011 reaching the figure of 3.9 billion. According to J’son and Partners estimates despite growth in NTP market turnover number of transactions will fall by 3.1 billion by 2017. It is explained by growth in share of money transfer to e-wallets as well as money transfer systems (Unistream, Contact, Gold Crown, others). It in turn leads to increase of amount of one transaction.

 

 

Average commission on NTP market showed steady growth throughout the period of 2008 – 2012 and reached 6.3% in 2012. However J’son and Partners estimates that increased competition on instant payments market will push average commission to 6% by 2017.

 

 

Banking Payment Terminals market (BPT)

There are several players on Russian Banking Payment Terminals market (BPT), the biggest among them are Sberbank, Ocean Bank, Promsvyazbank, Moscow Credit Bank, Russian Standard Bank.


J’son and Partners estimates there were 54.7 thousand BPT in Russia in 2017 out of which 25% are located in Moscow, 6% are located in Saint-Petersburg and 69% in other regions. By 2017 number of BPT will exceed 70 thousand, at the same time share of two capitals will remain almost the same.

 

 

In 2012 BPT market turnover increased by 19 % compared to 2011 and amounted to RUB 153 billion. By 2017 market turnover will amount to RUB 250 billion, at the same time compound annual growth rate (CAGR) during the period of 2012 – 2017 will constitute 10%.

 

 

In 2012 number of transactions on BPT market increased by 8% compared to 2011 reaching the figure of 1.4 billion. According to J’son and Partners by 2017 number of transactions will remain at almost the same level.

 

 

Average commission on BPT during the period of 2008 – 2012 reached its peak of 5.2% in the year 2010. In 2012 average commission was 5.1%. According to J’son and Partners Consulting average commission will decrease to 4.9% by 2017. It is explained by increased competition with NPT.

 

 

Main Points

According to the results of 2012 payment terminals are considered to be the most popular means of electronic payments. According to J’son and Partners Consulting estimates EPS market turnover in Russia in 2012 will grow by 24% compared to 2011 and will amount to RUB 1 811 billion. Payment terminals market turnover being an integral part of EPS market amounted to RUB 915 billion in 2012 or 51% of the planned EPS market turnover. By 2017 share of payment terminals in EPS will decrease to 30%.

 

Competition between different means of electronic payments influences the market and by 2017 will result in:

 

       Decrease of transaction commission for both banking and non-banking terminals
       Decrease in number of transactions on non-banking terminals market and stagnation on banking terminals market
       Slow-down in banking and non-banking terminals market turnover growth rate

 

It is also worth mentioning the change in types of payments through terminals. Payment terminals are used more often for money transfers (including accounts replenishment in e-money systems).

 

       There were 228 thousand non-banking payment terminals in Russia in 2012. Non-banking
           payment terminals market turnover increased by 4.5% compared to 2011 and amounted to RUB
           762 billion. By 2017 number of payment terminals will decrease to 216 thousand and its turnover
           will exceed RUB 870 billion. At the same time compound annual growth rate during 2012 – 2017
           will amount to 3%.
       There were 54.7 banking payment terminals in Russia in 2012 out of which 25% were located in
           Moscow, 6% in Saint-Petersburg and 69% in other regions. Turnover reached RUB 153 billion
           and grew by 19% compared to 2011. By 2017 number of banking payment terminals will exceed
           70 thousand, at the same time share of Moscow and Sain-Petersburg will remain almost the
           same; market turnover will be around RUB 250 billion and compound annual growth rate during
           2012 – 2017 will amount to 10%.

 

List of contents of the Full Version of the Report “Russian Market of Payment Terminals”

1. Summary
2. Introduction
3. Electronic payments market
       3.1. Brief survey of electronic payments market
       3.2. Tendencies, forecasts and perspectives of Russian electronic payments market
       3.3. Market size and dynamics in natural terms
4. Foreign payment terminals market
       4.1. CIS
              4.1.1. Belarus
              4.1.2. Kazakhstan
              4.1.3. Other countries
       4.2. Other countries
5. Russian banking payment terminals market, 2008A – 2012E, 2017F
       5.1. Dynamics in number of banking payment terminals by regions
       5.2. Dynamics in number of banking payment terminals by key market players
       5.3. Dynamics in banking payment terminals market turnover by key market players
       5.4. Dynamics in number of transactions by key market players
       5.5. Dynamics in average commission by key market players
       5.6. Distribution of payments by market segments
       5.7. Key players on Russian banking payment terminals market
              5.7.1. Sberbank
              5.7.2. Ocean Bank
              5.7.3. Promsvyazbank
              5.7.4. Moscow Credit Bank
              5.7.5. Russian Standard
6. Russian non-banking payment terminals market, 2008A – 2012E, 2017F
       6.1. Dynamics in number of non-banking payment terminals
       6.2. Dynamics in non-banking payment terminals market turnover by key market players
       6.3. Dynamics in number of transactions by key market players
       6.4. Dynamics in average commission by key market players
       6.5. Distribution of payments by market segments
       6.6. Key players on Russian non-banking payment terminals market
              6.6.1. QIWI
              6.6.2. CyberPlat
              6.6.3. ElecsNet
7. Conclusion

 

 

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.

 

 

J’son and Partners Consulting presents main results of the research of the Russian* (*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)) payment terminals market. This market along with remote financial services* (*includes: mobile banking, internet banking, SMS banking, mobile phone provider payments, e-money) constitutes part of electronic payment systems market (EPS).