Alla Bakina, head of the national payments system department of the Central Bank of Russia (CB), said that five Russian banks have already made cross-border transfers to three countries through the fast payment system (FPS). She said this in an interview she gave to the newspaper. “News”.
According to Bakina, studies are also underway to initiate such transfers from abroad to Russia. He noted that before the end of the summer it will be possible to pay with a Mir card at any terminal in Cuba, and before the end of the year the national system will be launched in five or six new countries.
The director of the department of the national payment system of the Central Bank of the Russian Federation noted that the share of Mir cards in the total issuance in the first quarter was 44.5%, last year – 41.2%. Thus, the growth in the January-March period was more than three percent. In terms of transaction volume, Mir has a share of 45.6%.
Bakina said the government has included the production of chip and card acceptance equipment in the list of projects of technological domination and the structural adjustment of the Russian economy. According to him, this will allow companies to attract additional funds, which will help speed up import substitution and make Russian solutions more accessible and profitable for market participants. The Economist noted that in addition to the POS terminal equipment, there are other technological offers, including Soft-POS, a special software that is downloaded to a smartphone and used as a payment terminal, as well as payment by QR code.
In May, the head of VTB Andrey Kostin announced that Russian banks need to connect To the Chinese analogue of SWIFT – the CIPS international bank transfer system, due to the sharp increase in cross-border payments between the Russian Federation and the People’s Republic of China.
former Central Bank declaration about a possible increase in key rate.