What hinders the mobile acquiring development in Russia? - Information portal

What hinders the mobile acquiring development in Russia?

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What hinders the mobile acquiring development in Russia?

Some analysts have predicted that 79% of retail outlets in will have been equipped with mPOS-terminals by 2015. These expectations were quite justified, but mPOS share in the total volume of card payments in Russia is still less than 3% and does not exceed 2% of the number of transactions, while the average receipt size is twice as much as compared to that in a normal merchant acquiring. What is the reason for such a low penetration of the service? Answers Vyacheslav Semenihin, Global Marketing Director at 2can & ibox.

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