The Number of Bank Cards in Russia Reached a Historic High
The number of active bank cards in the first quarter of 2020 amounted to 194.7 million, an increase of 16.7 million cards compared to the same period last year. The total volume of operations using plastic cards in the first quarter amounted to 23 trillion rubles.
Moreover, according to the Central Bank, the volume of cash withdrawals from bank cards for the second month in a row is inferior to non-cash transactions for the payment of goods and services. So, in the first quarter of this year, Russians withdrew more than 6.4 trillion rubles from plastic cards, while the amount of non-cash expenses exceeded 7 trillion rubles.