Authors
- Savchina Oksana Vladimirovna Ph.D. in Economics, Associate Professor
- Abdulmutalibova Alina Akimovna
Annotation
In recent years, there has been a trend of increased demand for non-cash methods of conducting transactions — mostly through plastic cards. This article is devoted to a comprehensive study of the state of the Russian bank card market in 2013–2020. The article assesses the impact of various factors, including the 2014–2015 currency
crisis, anti-Russian economic sanctions from Western countries and the COVID-19 pandemic, on the dynamics of plastic card issuance and changes in citizens’ preferences
for them. The rating of the most popular debit and credit cards is given and analyzed. According to the results obtained in the course of the study, a steady prevalence of debit cards and an increase in credit card debts during the study period were revealed. The trend of gradual complete replacement of bank cards with digital ones in the future is predicted due to the increased influence and importance of digitalization of the economy.
How to link insert
Savchina, O. V. & Abdulmutalibova, A. A. (2022). ANALYSIS OF THE STATE OF THE RUSSIAN BANK CARD MARKET IN CONDITIONS OF THE MACROECONOMIC INSTABILITY AND COVID-19 PANDEMIC Bulletin of the Moscow City Pedagogical University. Series "Pedagogy and Psychology", 2022 №4 (34), 59. https://doi.org/10.25688/2312-6647.2022.34.4.05
References
1.
1. Antonenko A. A. Bank cards in Russia. Analysis of the current state and development trends. Moscow: Concept, 2018. 8 p.
2.
2. Why do banks insist on using cards? // Finance. Business. Marketing: information portal. 2019. March 16. URL: https://fbm.ru/finansy/bezopasnost/banki-nastaivajut.html (accessed: 14.11.2021).
3.
3. Chernysheva E. Banks increased the issue of digital cards during self-isolation // RBC Media Holding. 2020. May 4. URL: https://www.rbc.ru/finances/04/05/2020/5eab1b529a794701f7f0872c (accessed: 16.11.2021).
4.
4. Itshoki O. Currency crisis of 2014–2015 // Vedomosti. 2015. January 12. URL: https://www.vedomosti.ru/opinion/articles/2015/01/12/valyutnyj-krizis-20142015-gg (accessed: 01.11.2021).
5.
5. Current sanctions against Russia in 2018: reasons, counter-sanctions, significance for the economy // Promdevelop. 2018. June 1. URL: https://promdevelop.ru/economy/dejstvuyushhie-sanktsii-protiv-rossii-v-2018-godu/ (accessed: 01.11.2021).
6.
6. Results-2014 in the Russian economy: under the sign of sanctions and devaluation // RIA Novosti. 2014. January 19. URL: https://ria.ru/20141219/1039119034.html (accessed: 12.11.2021).
7.
7. Lehnitskaya D. House of Cards: why do citizens need so many debit cards // RBC Media Holding. 2017. October 6. URL: https://www.rbc.ru/finances/06/10/2017/59cbddb09a79475aaa2817f3 (accessed: 30.10.2021).
8.
8. Chernysheva E. The largest banks will replace up to 50% of plastic cards with digital ones // RBC Media Holding. 2020. December 17. URL: https://www.rbc.ru/finances/17/12/2020/5fda24649a79472a3b493276 (accessed: 19.11.2021).
9.
9. Maltsagova T. M. Analysis of the plastic card market. Moscow: Modern scientific research and innovation, 2015. 9 p.
10.
10. Internet trade in Russia 2020: report // TAdviser: Internet portal. URL: https://www.tadviser.ru/images/4/4c/DI_eCommerce2020.pdf#page97 (accessed: 14.11.2021).
11.
11. Prospects for the development of plastic cards / author: katechka. Publication date: 08.06.2020 // Website about banks and bank cards. URL: https://bankovskie-karty.ru/perspektivy-razvitiya/#___2021 (accessed: 15.11.2021).
12.
12. Results of the Bank of Russia 2020: short about the main thing. Publication date: 06.05.2021 // Official website of the Bank of Russia. URL: https://cbr.ru/about_br/publ/annrep2020short/platezhnaya-sistema/ (accessed: 18.11.2021).
13.
13. Results of observation in the national payment system for 2018–2020 // Official website of the Bank of Russia. URL: https://cbr.ru/content/document/file/116450/results_2018-2020.pdf (date of application: 12.11.2021).
14.
14. Results of observation in the national payment system for 2020 // Official website of the Bank of Russia. URL: https://cbr.ru/content/document/file/124727/results_2020.pdf (accessed: 04.11.2021).
15.
15. Tairov R. Russian banks issued a record number of cards in seven years in 2020 // Forbes. 2021. March 6. URL: https://www.forbes.ru/newsroom/finansy-i-investicii/422829-rossiyskie-banki-vydali-rekordnoe-chislo-kart-za-sem-let-v-2020 (accessed: 03.11.2021).
16.
16. Sedykh I. A. The Russian banking sector and the credit card market // Institute "Development Center" of the Higher School of Economics: [website]. URL: https://dcenter.hse.ru/data/2015/12/22/1132769404/IV%20%D0%BA%D0%B2.%202015.pdf (accessed: 20.11.2021).
17.
17. Statistics of the national payment system // Official website of the Bank of Russia. URL: https://cbr.ru/statistics/nps/psrf/ (accessed: 12.11.2021).
18.
18. Debit cards // Financial Services Selection Service — Brobank.ru: official website. URL: https://brobank.ru/debetovye-karty/ (accessed: 04.11.2021).
19.
19. Credit cards in Moscow // Financial Services Selection Service — Brobank.ru: official website. URL: https://brobank.ru/kreditnye-karty / (accessed: 04.11.2021).
20.
20. Titova Yu. Retail banks showed the first signs of recovery // RBC Media Holding. 2015. October 19th. URL: https://www.rbc.ru/finances/19/11/2015/564ddc929a7947217d337255 (accessed: 19.11.2021).
21.
21. The economic crisis of 2014 in Russia and in the world: causes and consequences // Promdevelop. 2019. October 9th. URL: https://promdevelop.ru/economy/ekonomicheskijkrizis-2014-goda-v-rossii-i-v-mire-prichiny-i-posledstviya/ (accessed: 01.11.2021).