In 2020, for nearly one quarter of Russian fintech companies, the lack of funding and difficulties attracting it were the main barriers to development. Furthermore, experts saw low digitalization and the lack of experienced personnel as obstacles for fintech growth in the country, named by 24 percent of respondents each.
Barriers and obstacles stopping fintech market development in Russia in 2020, by type
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Moscow Agency of Innovations. (June 25, 2020). Barriers and obstacles stopping fintech market development in Russia in 2020, by type [Graph]. In Statista. Retrieved May 21, 2024, from https://www.statista.com/statistics/1192688/barriers-to-fintech-development-in-russia/
Moscow Agency of Innovations. "Barriers and obstacles stopping fintech market development in Russia in 2020, by type." Chart. June 25, 2020. Statista. Accessed May 21, 2024. https://www.statista.com/statistics/1192688/barriers-to-fintech-development-in-russia/
Moscow Agency of Innovations. (2020). Barriers and obstacles stopping fintech market development in Russia in 2020, by type. Statista. Statista Inc.. Accessed: May 21, 2024. https://www.statista.com/statistics/1192688/barriers-to-fintech-development-in-russia/
Moscow Agency of Innovations. "Barriers and Obstacles Stopping Fintech Market Development in Russia in 2020, by Type." Statista, Statista Inc., 25 Jun 2020, https://www.statista.com/statistics/1192688/barriers-to-fintech-development-in-russia/
Moscow Agency of Innovations, Barriers and obstacles stopping fintech market development in Russia in 2020, by type Statista, https://www.statista.com/statistics/1192688/barriers-to-fintech-development-in-russia/ (last visited May 21, 2024)
Barriers and obstacles stopping fintech market development in Russia in 2020, by type [Graph], Moscow Agency of Innovations, June 25, 2020. [Online]. Available: https://www.statista.com/statistics/1192688/barriers-to-fintech-development-in-russia/