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The Russian market of payment cards: Development trends at the present stage

Vol. 25, Iss. 1, JANUARY 2019

Received: 22 August 2018

Received in revised form: 5 September 2018

Accepted: 19 September 2018

Available online: 29 January 2019

Subject Heading: Banking

JEL Classification: G15

Pages: 86–100

https://doi.org/10.24891/fc.25.1.86

Kamberdieva S.S. North Caucasian Institute of Mining and Metallurgy (State Technological University) (NCIMM (STU), Vladikavkaz, Republic of North Ossetia–Alania, Russian Federation
skamberdieva@mail.ru

ORCID id: not available

Khetagurov G.V. North Caucasian Institute of Mining and Metallurgy (State Technological University) (NCIMM (STU), Vladikavkaz, Republic of North Ossetia–Alania, Russian Federation
gvkhetagurov@mail.ru

ORCID id: not available

Subject This article considers the economic relations arising between subjects of the market of payment cards.
Objectives The article aims to investigate the current state, tendencies and problems of the market of payment cards in Russia, predict the main directions of its development and propose measures to improve the efficiency of the card industry.
Methods For the study, we analyzed the market performance quantitative indicators and revealed the basic lines of the market's development.
Results The article describes peculiarities of functioning and prospects of development of the Russian National Payment Card System.
Relevance The results of the research can be used in practice by the heads of banking sector and related industries organizations, as well as professionals in payment card market.

Keywords: payment card market, National Payment Card System, payment infrastructure, EMV, NFC

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