Impact of Bank Cards Transactions on Banking Fee Income Growth in Russia

The Impact of Financial Technology Payment on Bank Fee-Based Income

“…systems that enabled electronic interfaces to the customer such as ATMs and online banking. The role of e-banking tools significantly increased, including bank cards used in e-business to identify the owner and his/her bank account (Markova et al, 2018). The card serves as an instrument to access a bank account and as an instrument of withdrawal, payment, settlement, and fund transfer.…”

“…According to Markova et al (2018), bank card service operation may increase the bank's fee income. It would allow the banks to achieve a competitive advantage, ensure the development of customer sentries approach, encourage banks to build a personalized customer service model, and increase customer loyalty to the bank.…”

“…There are two primary income sources of traditional banks, interest income and non-interest income (Ghosh, 2019;Saunders et al, 2020;Smith et al, 2003). Interest income comes from the interest margin banks earn by lending activity, while non-interest income comes from activities that generate fees (Deyoung & Rice, 2004;Markova et al, 2018). Non-interest income activities include service fees, securitization, investment banking, brokerage activities, and trading activities (Saunders et al, 2020).…”