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Prospects for the development of key fintech segments in Russia

Author

Listed:
  • Vaganova Oksana V.

    (Belgorod State National Research University)

  • Konshina Lilia A.

    (Belgorod State National Research University)

  • Belotserkovsky Egor D.

    (Belgorod State National Research University)

Abstract

The article discusses the development prospects of key segments of fintech in Russia, including payments and transfers, financing, insurance, and money management. It was revealed that for the period of 2020-2035 Russian fintech will develop at an accelerated pace, in accordance with global trends. Thus, the volume of transactions using fintech services for payments and transfers in Russia is expected to amount to about $ 14.9 trillion by 2035. Meanwhile, the article focuses on the prerequisites for the development of the domestic fintech industry and the barriers that impede its optimal development

Suggested Citation

  • Vaganova Oksana V. & Konshina Lilia A. & Belotserkovsky Egor D., 2020. "Prospects for the development of key fintech segments in Russia," Research result. Economic Research, Belgorod State University, vol. 6(2), pages 3-12.
    • Handle: RePEc:eul:rrecon:v:6:y:2020:i:2:p:3-12
    DOI: 10.18413/2409-1634-2020-6-2-0-1
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