Development of Banking Card Market in Russia in Territorial View

The article highlights the growing frequency of using bank cards and analyzes the difference in their use subject to the region. According to statistics, in 2022 on Russian market 88% fell on payment cards. A steady growth in the number of bank cards was observed for 10 years both with individuals and legal entities. Individuals prevail among bank card users, their share in 2022 reached 98.2%. As technologies develop and new technical solutions turn up bank cards become more accessible for customers and today there are various types of payment cards meeting different needs and preferences of users. Regional distribution of bank cards in Russia was not equal. The leading position by payment card issuance is taken by the Central Federal Region, where 136.9m cards (34.5%) were issued in 2022. The second position is taken by the Volga Federal Region – 71.4m cards or 18.0%, the third position – by the Siberian Federal Region with 43.1m cards or 10.9%. The author showed that the number and the volume of transactions made by cards during the last decade demonstrate steady growing trend both in the country and in federal regions.