Market Research Reports - Ken Research Sberbank Money Transfer Volume Russia

Russia Remittance and Bill Payments Market Outlook to 2021: Ken Research
The report titled “Russia Remittance and Bill Payments Market by Inbound and Outbound
International Remittance, By Mode of Transfer (Cash or Electronic Transfers), By Channel
(Bank and Non-Bank) - Outlook to 2021” provides a comprehensive analysis of remittance and
bill payments market in Russia. The report covers market size, segmentation on the basis of
inbound & outbound remittance, remittance channel, mode of transfer and remittance corridor
for international remittance market. For domestic remittance market, the report covers market
size, segmentation on the basis of region and major remittance channel. It also includes the bill
payments market in the country covering the market size and segmentation of market by type
of bills, channel of bill payment and bill payment methods. The report also covers government
regulations in the market, competitive landscape and company profiles for major players in the
remittance and bill payments market. The report provides detailed overview on future outlook
& projections with analyst recommendations for the industry.
The report facilitate the reader with the identification and in-depth analysis of the existing and
future trends, issues and challenges prevalent in the industry and anticipated growth in the
future depending upon changing industry dynamics in coming years. The report is useful for
exchange houses, banks, bill payment portals and other stakeholders to align their market
centric strategies according to ongoing and expected trends in the future.
Industry Overview
The Russian Remittance Market is dominated by the International Remittance. The
international remittance holds a major share of the market and was about ~% of the total
market in 2016 in terms of transaction volume. The major sources of remittance in Russia
include the CIS countries (i.e. Azerbaijan, Armenia, Belarus, Kazakhstan, Kyrgyzstan and others)
and the Non-CIS countries (i.e. Switzerland, China, USA and others. Growing number of
migrants domestically and from the other countries (CIS & Non-CIS) serve as a fueling factor to
the Russia Remittance Industry. The availability of jobs and migration has collectively
stimulated growth of the international as well as domestic remittance industry. The growth in
the industrial and communication sectors have substantially given rise to the job opportunities
in the country. In the past few years the growth of the bill payment market has been over ~% in
Russia. The rapid increase in the number of households, number of smartphone subscribers and
internet users together with availability for small sector jobs on account of the upcoming
events like FIFA World Cup in 2018 have attributed as the leading factors for the growth Bill
Payment Market.
Market Segmentation of Russia Remittance and Bill Payments Market
International Remittance Market