The main competitor Visa in Russia is cash, Mikhail Berner, the head of this payment system, stated, reports TASS.
“Cash still a lot, if you look at regular payments. If you remove translations that occur from the account on the expense, it is still a percentage of 50 calculations in cash,” he noted. Berner is confident that Russia still has a long way of transition to non-cash payments.
According to the Central Bank, the average share of non-cash payments in general payments in the country for the first three quarters was 72.6 percent compared with 69.4 percent a year earlier. Berner designated other numbers. According to him, this figure for the year may exceed 50 percent, if you do not take into account transfers from account to account.
The head of Visa in Russia is also sure that biometrics will contribute to the development of payment services. He believes that will gain popularity by voice. Berner noted that more than 70 percent trust biometric services and are ready to provide their biometric data. He added that, unlike other countries, in Russia, banks act as the main locomotives of financial technologies.
Earlier, Visa Following MasterCard decided to reset the commission for transferring funds from the map to the map by phone number. Changes will act from April 1, 2022.