Russia's Central Bank Sees Cash Payment Share Stabilizing After Q2 Dip

The Bank of Russia downplays a 0.5 percentage point drop in cashless payments' share of retail turnover to 88.4% in Q2, attributing it to stabilization rather than a trend reversal. The central bank expects cash payment growth to stabilize, signaling no immediate policy shift. This matters as it reflects evolving payment behavior in Russia amid sanctions and digital ruble rollout.