Bank cards. Archival photoMOSCOW, Jan 20 The number of virtual and plastic credit cards in the hands of Russians will reach an equilibrium this year, and in the next few years, physical analogues of payment media will no longer be popular, the managing director for credit retailers told RIA Novosti. Raiffeisenbank products Andrey Spivakov.
"Parity between physical and virtual credit cards will come just in 2022. And then, within a couple more years, physical carriers of loans will lose their relevance", the expert shared his opinion.
According to his forecast, in a few years no more than 15 percent of customers will want to continue using a physical bank payment card, which is not due to convenience transactions, but the perception of plastic credit cards as a «beautiful accessory.» The most voluminous of all types of loans, mortgages, will go online more and more, Spivakov argues. He explained that now the main obstacle to the transition to completely remote mortgage transactions is the need for identification when opening an account for new clients of credit institutions, as well as when issuing an enhanced qualified electronic signature. At the same time, Spivakov added, 50-70 percent of developers in Moscow and Moscow regions are already ready for remote transactions, a comparable picture is observed in the market of St. Petersburg, while regional developers are in no hurry to move online. />In Russia, paper passports are canceled upon receipt of electronic