2022年8月外文研究報(bào)告fintech market in russia

DIGITAL

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TRENDSFintechinRussiaCHAPTER

01OverviewPenetrationrateofmobilePOSpaymentsin34countriesworldwidein2021MobilePOSpaymentpenetrationrateinleadingcountriesworldwide2021Penetrationrate0%5%10%15%20%25%30%35%40%45%ChinaSouthKoreaVietnam39.5%29.9%29.1%SaudiArabiaDenmark24%24%Sweden23.4%UnitedArabEmiratesUnitedKingdomIndia21.2%20.3%20.2%18.8%18.6%18%17.9%SpainRussiaJapanIsrael4Description:TheChinesehadthehighestmobilePOS(pointofsale)paymentpenetrationratein2021,accordingtotheDigitalMarketOutlook.OtherAsiancountriesalsohadhighpenetrationrates.SouthKoreaandVietnambothhadratesofalmost30percent.InEurope,ScandinaviancountrieslikeDenmarkandSwedenwereamongtheleadingcountrieswithpenetrationratesof24percent.Thedifferencesshowcasethedifferentpathstakenbyallovertheworldwhenitcomestomobile[...]ReadmoreNote(s):WorldwideSource(s):DigitalMarketOutlookFinTechtransactionvalueinRussiafrom2017to2025,bysegment(inmillionU.S.dollars)FinTechtransactionvalueinRussia2017-2025,bysegmentNeobankingDigitalPaymentsDigitalInvestmentDigitalAssetsAlternativeLendingAlternativeFinancing9008007006005004003002001000201720182019202020212022202320242025202620275accountingforaround129.2billionU.S.dollars.DigitalInvestmentwasthethirdmajorFinTechsegmentintheregion,withanexpectedvalueofalmost10billondollars.ReadmoreNote(s):RussiaSource(s):DigitalMarketOutlookNumberofFinTechusersinRussiafrom2017to2026,bysegment(inmillions)FinTechusercountinRussia2017-2026,bysegmentDigitalPaymentsNeobankingDigitalAssetsDigitalInvestmentAlternativeFinancingAlternativeLending908070605040302010020172018201920202021202220232024202520266Description:TheusercountacrossthesixsegmentsoftheFinTechindustryinRussiaisforecasttorangebetween20thousand(AlternativeLending)and76.2million(DigitalPayments)in2026.DigitalPaymentssegmentisforecasttoremainthebiggestsegmentinthemarketovertheperiodunderconsideration.

ReadmoreNote(s):RussiaSource(s):DigitalMarketOutlookDigitalpaymentstransactionvalueinRussiafrom2017to2027,bysegment(inbillionU.S.dollars)DigitalpaymentstransactionvalueforecastinRussia2017-2027,bysegmentDigitalCommerceMobilePOSPayments1009080706050403020100201720182019202020212022202320242025202620277Description:AccordingtotheDigitalMarketOutlook,thedigitalcommercesegmentinRussiawasexpectedtogrowtoover74.53billionU.S.dollarsin2027.ReadmoreNote(s):RussiaSource(s):NumberofusersofdigitalpaymentsinRussiafrom2017to2026,bysegment(inmillions)DigitalpaymentsusercountinRussia2017-2026,bysegmentDigitalCommerceMobilePOSPaymentsDigitalRemittances12010080604020020172018201920202021202220232024202520268Description:TheDigitalPaymentsindustryinRussiaconsistsofthreesegmentsthatareestimatedtohaveanusercountrangingbetween559.7thousand(DigitalRemittances)and66.1millionusers(DigitalCommerce)in2021.With75.3millionusers,DigitalCommerceisforecasttoremainthebiggestsegmentinthemarket.ReadmoreNote(s):RussiaSource(s):DigitalMarketOutlookNumberofneobankingusersinRussiafrom2017to2026(inmillions)NumberofneobankingusersinRussia2017-20264034.1334.29353025201510531.0926.1117.517.6510.666.093.351.81020172018201920202021202220232024202520269Description:TheusercountoftheneobankingindustryinRussiaisforecasttoincreasebynearly16.8millionusersbetween2021and2026.Afterninthconsecutiveincreasingyears,theusercountisestimatedtoreach34.29millionusersandthereforeanewpeakin2026.

ReadmoreNote(s):RussiaSource(s):DigitalMarketOutlookLeadingFinTechcompaniesinRussiain2020,byrevenue(inmillionRussianrubles)Highest-earningFinTechcompaniesinRussia2020RevenueinmillionRussianrubles6,000

8,000

10,00002,0004,00012,00014,00016,00018,000YooMoney(YandexMoney)EvotorLLC()SolarStaff16,314.66,2482,911.2BSS2,103.62,5372,394.32,0912,1001,8751,550.51,228974.9496.5BENZUBERUCSCloudPaymentsBanki.ruRussianBusinessCentersravni.rubest2payPIMSolutionsunicom24.ru10Description:YooMoney,alsoknownasYandex.Money,listedasthehighest-earningfintechcompanyinRussia,witharevenueexceeding1.6billionRussianrublesin2020.EvotorLLC,whichprovideselectroniccashregisters,listedsecondwithaconsiderablylowerannualrevenuecomparedtotheleaderoftheranking.ReadmoreNote(s):Russia;2020Source(s):SmartRankingLeadingfinanceappsinRussiain2021,bydownloads(inmillions)MostdownloadedfinanceappsinRussia2021Downloadsinmillions0246810121416SberBankOnlineKoshelek13.4912.65Tinkoff11.71GooglePay7.17VTB-Online6.31TinkoffInvestmentsAlfa-Bank5.795.585.475.23QiwiWalletNalogiFLPochtaBankSberSpasiboMobileMTSBankHalva-Sovkombank3.883.593.452.9511Description:SberBankOnlinewasthemostpopularfinanceappinRussia,havingbeendownloadednearly13.5milliontimesin2021.ProductsofotherkeyRussianbanks,suchasTinkoff,VTB,Alfa-Bank,andPochtaBank,alsowereamongtheleadingapps.ThesecondmostdownloadedappwasKoshelek,anelectronicwalletallowingtoaddseveralbankcards.ReadmoreNote(s):Russia;2021Source(s):AppMagicNumberofdownloadsof25appsfordecentralizeddigitalassets-cryptocurrency,DeFi,

Web3(metaverse)-inRussiafromJanuary2015toJuly2022Monthlydownloadsof25walletsforcrypto,DeFi,Web3inRussia2015-2022BWalletRelease:Apr13,2012HuobiRelease:Aug19,2015BRDBitcoinWalletRelease:Jun22,2014Release:Oct22,2015CRelease:Aug30,2017OKXRelease:Sep27,2017TheCryptoAppRelease:Sep09,2017BinanceRelease:Oct25,2017TrustRelease:Oct25,2017CoinMarketCapRelease:May03,2018PAYEERRelease:May23,2018KuCoinRelease:May03,2018PiNetworkRelease:Dec12,2018ExodusRelease:Mar23,2019StormGainRelease:Jul08,2019NiceHashRelease:Apr17,2020MetaMaskRelease:Sep01,2020OpenSeaRelease:Sep15,2021CryptoTabBrowserMaxSpeedRelease:Feb18,2019CryptoExchangeCRelease:Apr15,2019BybitRelease:Oct31,2019CoinListRelease:Aug07,2020BondexOriginRelease:Aug07,2021LegionNetworkRelease:Jan04,20222,000,000012Description:AlthoughtheglobalBinanceappispopularinRussia,consumersoftentriedoutnewcryptowalletsassoonastheywerereleasedfrom2020onwards.LegionNetworkandPhantom-bothreleasedinJanuary2022-areexamplesofthis.Intermsofabsolutedownloads,however,theBinanceappwasdownloadedmoreoftenthanthantheappsofRussianwalletPAYEER,theappofB,andMetaMaskcombined.Itisnoticeable,though,thatfromMay2022onwardsotherwallets[...]ReadmoreNote(s):Russia;January2015toJuly2022;<br>The25appsshownherearethelargestinthecountrybasedonaveragedownloadsperdaysinceinitialrelease;<br>Numbersareinteractive:ClickingonthenamerevealsorremovesthatappfromthegraphicSource(s):AppMagic;CHAPTER

02OnlinepaymentsAnnualmarketrevenueofonlinepaymentsinRussiafrom2013to2021(inbillionRussianrubles)AnnualturnoverofdigitalpaymentsinRussia2013-20213,0002,547.52,5002,0001,7941,5001,00050001,338.81,125817686571.220154763502013201420162017201820192020202114Description:ThepresentfiguresrevealanaccelerateddevelopmentoftheRussiandigitalpaymentsmarketbetween2013and2021.In2020,thetotalrevenueoftheonlinebankingsectoramountedtonearly1.8trillionRussianrublesandreachedover2.5trillionRussianrublesin2021.

ReadmoreNote(s):Russia;2013to2021Source(s):CoordinationCenterforTLDRU;Google;Microsoft;RussianAssociationofElectronicCommunications(RAEC);YandexAnnualvalueofelectronicpaymentordersmadethroughtheinternetandintotalinRussiafrom2013to2021(intrillionRussianrubles)ValueofelectronicpaymentordersinRussia2013-2021,onlineandtotalViatheinternetTotal9008007006005004003002001000835.85720.7652.7614.08559.92557.62527.63497.69466.73470.33463.41415.24473384.45375.01374.21355.39287.9420132014201520162017201820192020202115Description:ThevolumeofdigitalpaymentssteadilygrewoverthelastyearsacrossRussia.Aggregatevolumeofelectronicpaymentordersthroughtheinternetamountedtoover720.7trillionRussianrublesin2021.Atotalofabout835.8trillionRussianrublesworthelectronicpaymentorderswererecordedacrossthecountryinthelastobservedperiod.

ReadmoreNote(s):Russia;2013to2021Source(s):CentralBankoftheRussianFederationDistributionofdigitalpaymentusersinRussia2021,byagegroupDigitalpaymentsuserdistributioninRussia2021,byagegroup30%27%26%25%19%20%15%10%5%17%11%0%18-24years25-34years35-44years45-54years55-64years16Description:In2021,27percentofdigitalpaymentusersinRussiawerebetween25and34yearsold,onlyslightlyaheadofthe35-to-44yearoldusers.ThelowestshareofRussiandigitalpaymentuserswere18-to-24yearoldsR.

eadmoreNote(s):RussiaSource(s):DigitalMarketOutlookBiggestpaymentcardbrands-Visa,Mastercard,oradomesticalternative-inRussiafrom2016to2020Visa,MastercardmarketshareinRussia202050%45%40%45%36%35%30%25%20%15%12%10%5%3%3%0%VisaMastercardMirGoldenCrown(ZolotayaKorona)Others17Description:Asof2020,themostpopularpaymentcardbrandinRussiaforbothonlineandofflinepaymentswasVisa,accountingfor45percentofusers.Mastercardwasthesecondmostemployedtypeofcardswithashareof36percentovertheobservedperiod.ReadmoreNote(s):Europe,Russia;2020;Onlineandofflinepaymentsthatinvolvedapaymentcard;Thesourcedidnotprovideseparatefiguresforeitherofflineoronline,butprovidedatotalSource(s):GlobalData;IMF;McKinsey;WorldBank;WorldpayMostpopularservicesforonlinepaymentsinRussiain2020MostusedonlinepaymentservicesinRussia2020Shareofrespondents0%10%20%30%40%50%60%70%80%90%SberbankOnlineYandexMoneyQIWI83%55%40%WebMoneyGooglePayTinkoffBankVTB35%29%26%26%AlphaBankApplePay25%20%SamsungPayMTS-Money(wallet)VKPay17%17%16%Raiffeisenbank12%18Description:SberbankOnlinewasbyfarthemostfrequentlyusedonlinepaymentserviceinRussiaasper83percentofrespondentsusingitforonlinepaymentsin2020.OverhalfofparticipantsrevealedthattheyusedYandexMoneytopayviatheinternet,whileQIWIlistedthirdaftergainingsubstantialusersvolumecomparedtothepreviousyear.ReadmoreNote(s):Russia;MaytoJune2020;Over3,500;12-55years;PeoplewhopayforgoodsandservicesonlineatleastonceayearSource(s):MediascopeMarketshareofcash,creditcards,andotherpaymentmethodsatpointofsale(POS)inRussiain2017,2019,2020and2021Mostpopularin-storepaymentmethodsinRussia2017-2021Shareofpayments2021202010%2019201720%0%30%40%50%60%70%35%36%Cash48%60%33%34%DebitcardCreditcard(incl."chargecard"since2021)*E-wallet,Digital/mobilewallet43%35%18%9%9%2%6%6%2%5%Retailer/bankfinancing(splitofffrom"POSfinancing"in2021)*Prepaidcard1%3%1%8%Chargecard*2%4%POSfinancing*19Description:TheshareofcashinRussiacontinuedtodeclinesinceCOVID-19whilstcreditcardsand,toalesserextent,walletsbecamemorepopular.Theshareoftransactionspaidforinphysicalstoresthatinvolvedpapermoneyorcoinsdeclinedfromroughly50percentbeforethecoronaviruspandemicto35percentin2021.ThisshiftinpaymentsmightcoincidewiththegrowingnumberofcreditcardsissuedinRussia.Howmobilewalletswilldevelopinthecountrywasunclear:Thesourcenotesthat[...R]

eadmoreNote(s):Europe,Russia;2017,2019,2020,2021;*Thesourcemadechangestoitscategoriesin2021,seethe"Details"tabformoreinformation.Source(s):GlobalData;IMF;McKinsey;WorldBank;WorldpayWhenconsideringallprosandconsofcashlessandcashpaymentmethods,whichpaymentmethodhasmoreadvantages?PaymentmethodpreferenceinRussia2021,byagegroupCashlessCashInequalmeasureDifficulttoanswer100%90%80%70%60%50%40%30%20%10%0%18-2425-3435-4444-5960andolder20Description:YoungergenerationsinRussiaweremorelikelytoseetheadvantagesofcashlesspaymentmethods,accordingtoasurveyconductedin2021.Nearlythreequartersofrespondentsagedbetween18and24yearsfoundmoreadvantagesincashlesspayments,comparedtoaround24percentofthoseagedover60years.ReadmoreNote(s):Russia;2021;1,600respondents;18yearsandolderSource(s):MoscowSchoolofManagementSKOLKOVOCHAPTER

03CryptocurrenciesEstimatedrealizedBitcoingainsinselectedcountriesinCentralandEasternEuropein2020(inmillionU.S.dollars)EstimatedrealizedBitcoingainsintheCEEregion20207006006005004004003003002002001000RussiaUkraineCzechiaPoland22Description:In2020,thehighestbitcoinearningsamongCentralandEasternEuropeancountriesweremadebyRussia-about600millionU.S.dollars.ReadmoreNote(s):CEE;2020Source(s):ChainalysisAveragenumberofdailyactiveusers(DAU)ofselectedappsthatallowforcryptocurrencystorageinRussiafromJanuary2017toFebruary2021RankingofcryptocurrencywalletappsinRussia2017-2021BinanceBlockcainWalletCExodusTrustBRDCoinbaseWalletBitcoinWalletCoinbaseBitcoinWalletTotalcoinBitcoinWalletbyB80,00070,00060,00050,00040,00030,00020,00010,000023Description:OfthecryptocurrencywalletsavailableinRussia,Binancewasaroundthreetimesmorepopularin2021thanBlockchainwallet.TheBinanceappsawitsRussiandailyactiveusers(DAU)growfromaround10,000inNovember2020toover30,000inFebruary2021.Note,however,thisDAUfigureforRussia'smostusedcryptocurrencyappissignificantlysmallerthantheDAUofthemostpopularcryptoappinNigeria.Accordingtoaconsumercomparisonin55differentcountriesworldwide,[...]ReadmoreNote(s):Russia;January2017toFebruary2021Source(s):AirnowDistributionofcryptocurrencyownershiprateinRussiain2020,byageCryptocurrencyownershipdistributioninRussiain2020,byage40%37%35%30%25%20%15%10%5%23%16%14%9%3%0%OverallownershipOfwhich:18-24yearsold

Ofwhich:25-34yearsold

Ofwhich:35-44yearsold

Ofwhich:45-54yearsold

Ofwhich:55-64yearsold24Description:Membersof'GenZ'aged18to24didnotrankamongthemostlikelyrespondentstoownacryptocurrency,accordingtoa2020surveyinRussia.Rather,sixoutof10respondentswereineithertheagegroupsof25to34yearsoldor35to44yearsofage.Note,however,thatthenumbersprovidedhereareadistributionoftherespondentswhosaidtheyeitherownedorusedavirtualcurrencysuchasBitcoin-apercentageofwhichthesourcementionswasaroundthreepercentofall[...]ReadmoreNote(s):Russia;February2020toMarch2020;1,602respondents;18-64years;PermanentresidentsoftheRussianFederationwhosubmittedonlinepaymentsthroughanyplatforminthelast30daysSource(s):DataInsight(RU);RBKmoneyNumberofBitcoinATMsinRussiaasofSeptember2022,bycityCitiesinRussiawithaBitcoinATM2022NumberofBitcoinATMs0123456MoscowOmsk5555Rostov-on-DonVoronezhYekaterinburgKrasnoyarskKazan432222ObninskSaratovSt.PetersburgChelyabinskGlazov111Izhevsk25Description:BitcoinATMsintheRussianFederationwerescatteredacrossthecountryin2022,withnocityhavingaclearmajorityofthem.Thecountrywasestimatedtohavearound50cryptocurrencywithdrawalmachinesthatallowsuserstoconnecttoaBitcoinwalletorexchange.Anopen-sourcewebsitelistsRussiainthetop10oftheworldintermsofhowmanycompaniesacceptcryptocurrencypayments.ReadmoreNote(s):Russia;September5,2022;51respondentsSource(s):CoinATMRadarNumberofbusinessesinRussiathateitherhaveacryptocurrencyATMoroffercryptoasanin-storepaymentmethodasofMarch9,2021,byindustryBusinesstypesthatoffercryptocurrencypaymentsinRussiain2021Numberoffirms2000100300400500600TotalPublicATMMachine-BusinessUnknownCryptocurrencyServices552143121HealthProfessionals&HospitalsAccommodation1919CafesandCoffeeShops11E-commerce(physicallocation)Vehicles&RoadTraffic111110Sports&FitnessBars,PubsandNightclubsQuick-Service&CasualDiningRestaurantsCosmetics&PersonalCareConsumerElectronics876626Description:CryptocurrencywithdrawalorcryptouseinPOStransactionsinRussiaseemedexclusivelyreservedtopublicATMsorspecializedstoresin2021.Thisaccordingtoinformationfromanopen-sourcewebsitethattracksespeciallysmallcompaniesonwhethertheyhavecryptocurrencysolutionsavailabletothem.Russia'slocationsweresignificantlydifferentfromtheglobalbusinesstypesthatoffercryptosolutions,suggestingthatday-to-daypracticeswithvirtualcurrenciesin,say,abakery,[...]ReadmoreNote(s):Russia;March9,2021;Allfiguresprovidedareestimates;*Notallcompanieswerecategorized,seethe"Details"tabformoreinformation;*OnMarch9,2021,thesourceconsistedofadatabaseof21,941companies,whichwerethen[...]ReadmoreSource(s):VarioussourcesBusinessesinthe10biggestcitiesinRussiathateitherhaveacryptocurrencyATMoroffercryptoasanin-storepaymentmethodasofMarch9,2021CompaniesthatacceptcryptocurrencyinRussiaasofMarch9,2021,bycityNumberofcryptobusinessesPopulation(2020)171250005351935Moscow2043917151211109SaintPetersburgChelyabinskYekaterinburgOmsk120237114688331178391Kazan1243500NizhniyNovgorodNovosibirskRostov1264075160291531125299Samara2116971927Description:MoscowhadarelativelyhighamountofcompanieswithacryptocurrencyATMorin-storepaymentmethodin2021comparedtoSaintPetersburg.Russia'ssecond-biggestcityhadapopulationthatwasroughlyonethirdthatofthecapital,buthadroughly20percentthefigureofcrypto-acceptingbusinesses.Thefiguresshownherecomefromanopen-sourcewebsite,wherepeoplecanlist(especiallysmall)businesseswithacryptopaymentoption.InthecaseofRussia,mostofthesefirms[...]ReadmoreNote(s):Russia;March9,2021;AllfiguresprovidedareestimatesSource(s):VarioussourcesCountryoforiginofdesktoptraffictocryptocurrencyexchangeHuobiinFebruary2022VisitorstocryptocurrencytradingplatformHuobi2022,bycountry20%17.86%18%16%14%12%10.42%10.21%10%8%6%4%2%0%6.07%4.24%RussiaUkraineTurkeyChinaMalaysia28Description:MostvisitorstoSeychelles-basedcryptocurrencytradingplatformHuobiin2022didnotcomefromChina,thecountrywheretheexchangewasfounded.MostuserscamefromRussiaandUkraine,withnoAsiancountriesmadeitinontothetopfive.CitizensfromtheUnitedStates,forinstance,canalsotradeontheplatformsincelate2020/early2021.HowmanypeoplefromtheU.S.tradehere,orhowHuobicomparestoothercryptoplatformsusedbyU.S.citizes,isunclear:Bittrexdidattract[...]ReadmoreNote(s):Worldwide;February2022Source(s):SimilarWebCountryoforiginofdesktoptraffictoEthereumwalletMetaMaskinJune2022VisitorstothewebsiteofcryptowalletMetaMask2022,bycountry16%14.04%14%12%10%8%5.67%6%4%2%0%4.94%3.46%3.07%ChinaUnitedStatesRussiaIndiaVietnam29Description:MetaMask-awalletoftenusedintheDeFiecosystem-gotthreetimesmoreusersfromtheUnitedStatesthanitgotfromIndia.ThisisnotthatsurprisingseeingthecryptostoragesolutionisheadquarteredinBrooklyn,NewYork.Nevertheless,theuserbasefromothercountrieselsewhereintheworldwasrelativelyhigh.MetaMaskatfirstglancemightnotseemassociatedwithDecentralizedFinanceorDeFi-onlinefinancialservicesthatcaninvolvetheuseofcryptocurrenciesandare[...]ReadmoreNote(s):Worldwide;June2022;Figurescovermetamask.ioonly;Desktopusers,nofiguresareprovidedformobileasMetaMaskisnotyetavailableformobiledevices.Source(s):SimilarWebCountryoforiginofdesktoptraffictocryptocurrencyexchangeBittrexinJune2021VisitorstocryptocurrencytradingplatformBittrex2021,bycountry25%20.9%20%15%10.29%10%4.8%4.3%5%0%3.66%UnitedStatesRussiaGermanyMongoliaNorway30Description:ClosetooneoutoffivevisitorstoBittrexcamefromtheUnitedStates,withfourEuropeancountriescompletingthetop5ofthewebsite'sclientbase.ThattheU.S.andRussiaisnotnecessarilyasurprise:Overthecourseof2020,thetwocountriesalsorecordedthehighestBitcoin(BTC)tradingvolumeworldwide.TheNetherlands'inclusioninthethirdposition,aheadofGermany,ismoresurprising.Thesourcedoesnotfurtherexplainthis,orexplainsinwhattypeofcryptocurrencythe[...]ReadmoreNote(s):Worldwide;June2021Source(s):SimilarWebSearchinterestshareforcryptocurrenciesinRussiain2021,bytypeCryptocurrencysearchinterestinRussia2021,bytypeShareofsearchvolume0%10%20%30%40%50%60%70%BitcoinEthereumDogecoinXRP61.8%10.9%8.9%5.5%4.5%TronCardanoAvalancheSolana2.1%2.1%1.7%1.5%LitecoinBinanceCoin0.8%31Description:SearchinterestforBitcoinaccountedforapproximately62percentofthetotalsearchvolumeforcryptocurrenciesinRussiain2021.Ethereumwasthenextmostpopularqueryinthecryptocurrencycategory,withalmost11percentoftotalsearchqueries.ReadmoreNote(s):Russia;2021Source(s):;GoogleTrendsMostmentionedcryptocurrenciesinRussian-speakingsocialmediainOctober2021MostmentionedcryptocurrenciesinsocialmediainRussia2021Numberofmentions2,000,000

2,500,0000500,0001,000,000855,8001,500,0003,000,0003,500,0004,000,0004,500,0004,415,2005,000,000Bitcoin(BTC)Tether(USDT)Litecoin(LTC)Ethereum(ETH)PrivatePay(XPP)Dogecoin(DOGE)Solana(SOL)424,300417,900217,400216,300196,900177,900158,400122,000Monero(XMR)BowsCoin(BSC)AVA32Description:Bitcoinwasthemost-mentionedcryptocurrencyinRussian-speakingsocialmediainOctober2021.Tetheraccountedforover855thousandmentionsduringthatperiodandmadeitinthesecondplaceintherankingR.

eadmoreNote(s):Russia;October1-31,2021Source(s):BrandAnalyticsCHAPTER

04AlternativelendingTransactionvalueofalternativelendinginRussiafrom2017to2027,bysegment(inmillionU.S.dollars)AlternativelendingtransactionvalueinRussia2017-2027,bysegmentCrowdlending(Business)MarketplaceLending(Consumer)140120100801.491.760.840.870.850.91.761.861.420.950.9560116.797.64108.2105.6103.8104.6101.898.8599.8797.8585.8402002017201820192020202120222023202420252026202734Description:ThetransactionvalueinthecrowdlendingsegmentofRussiareached116.7millionU.S.dollarsin2020.By2027,thevalueisalsoexpectedtodecreaseovertheyearsreachingavalueof0.84millionU.S.dollarsin2027.ReadmoreNote(s):RussiaDigitalMarketOutlookestimatestransactionvalueinthissegmenttoreach105.6millionU.S.dollars.themarketplacelendingSource(s):DigitalMarketOutlookAveragefundingperloanofalternativelendinginRussiafrom2017to2027,bysegment(in1,000U.S.dollars)Russia:alternativelendingaveragefunding2017-2027,bysegmentCrowdlending(business)MarketplaceLending(consumer)1,6001,4001,2001,0008001,4101,3231,2971,0501,027658.2656.2620.7597.9584.3577.16004002007.687.57.616.337.014.855.315.375.385.385.4402017201820192020202120222023202420252026202735Description:AveragefundingperloaninthecrowdlendingsegmentofRussiareached6.33thousandU.S.dollarsin2020.By2027,theDigitalMarketOutlookestimatesaveragefundinginthissegmenttoreach5.44thousandU.S.dollarspercampaignR.

eadmoreNote(s):RussiaSource(s):DigitalMarketOutlookNumberofloansinalternativelendinginRussiafrom2017to2027,bysegment(inmillionusers)Russia:alternativelendingloans2017-2027,bysegmentCrowdlending(Business)MarketplaceLending(Consumer)0.00.00.00.00.00.00.00.020.020.020.020.020.020.020.020.010.010.01000000000002017201820192020202120222023202420252026202736Description:ThenumberofloansinthecrowdlendingsegmentofRussiareached0.02millionin2020andisexpectedtostayconstantovertheyearsuntilatleast2027,makingitthesegmentwiththehighestnumberofloans.AccordingtotheestimatesoftheDigitalMarketOutlook,thenumberofmarketplacelendingloansisexpectedtoremainverylowinthecomingyears.ReadmoreNote(s):RussiaSource(s):DigitalMarketOutlookAverageannualcrowdlendingfundingperloaninRussiafrom2017to2027(in1,000U.S.dollars)AverageannualcrowdlendingfundingperloaninRussia2017-202797.688765432107.617.57.016.335.445.375.385.385.314.852017201820192020202120222023202420252026202737Description:In2022,theaverageannualfundingperloanamountedtoaround4,850U.Sdollars,adecreaseofaround2,000U.Sdollarsperloan.However,theDigitalMarketOutlookestimatesthattheaveragesumperloanwillagainincreaseandby2027bearound5.4thousandU.S.dollars.

ReadmoreNote(s):RussiaSource(s):DigitalMarketOutlookAnnualmarketplacelendingtransactionvalueinRussiafrom2017to2027(inmillionU.S.dollars)MarketplacelendingtransactionvalueinRussia2017-20272.01.861.761.761.81.61.41.21.00.80.60.40.20.01.491.420.950.950.90.870.850.842017201820192020202120222023202420252026202738Description:TheNote(s):RussiaSource(s):DigitalMarketOutlookestimatesthattheannualtransactionvalueofmarketplacelendinginRussiawilldecreaseto0.84millionU.S.dollarsin2027.Tocompare,in2022,thefig