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Experts forecast growth in Russia's fast payment transfers

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Russian analysts predict that the volume of money transfers made through the Fast Payment System (SBP) will continue to grow. The system, run by the Bank of Russia, allows instant transfers between bank accounts using phone numbers, and its popularity has risen as a low-cost alternative to traditional bank transfers. Experts attribute the expected growth to increasing user adoption and expanded services.

Why now: New expert forecasts point to continued growth in SBP transfer volumes, drawing attention to the payment system.

Fast Payment System (SBP)Bank of RussiaTomsk

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