Russia ranks third in Fintech activity use

According to a survey conducted by audit and consulting company EY, Russia is third among the top 20 largest world markets in terms of the penetration of financial and technological services, just behind the United Kingdom and Brazil and just ahead of China and India. The most popular services for Russian Fintech users in 2017 are non-bank money transfers (89%), mobile phone payments (54%) and online banking services (46%).