News

Tinkoff Bank among first adopters of Faster Payments System in Russia

Thursday 28 February 2019 14:36 CET | News

Tinkoff Bank has become an early adopter of the Bank of Russia’s Faster Payments System (FPS) as it continues to build out its payment services ecosystem.

Customers can now make and accept instant payments to and from accounts at any FPS member bank using just a mobile phone number. All P2P payments from debit cards during the launch period will be free of charge.

The Bank of Russia introduced FPS this year to allow instant P2P payments using mobile phone numbers. The system will be expanded to allow individuals to pay companies for goods and services in the second half of 2019.

12 banks and payment systems are taking part in the pilot phase, including VTB, Gazprombank, Alfa Bank, Raiffeisenbank, Rosbank, Sovcombank and Qiwi. Another 98 banks have also applied to join the scheme.


Free Headlines in your E-mail

Every day we send out a free e-mail with the most important headlines of the last 24 hours.

Subscribe now

Keywords: Tinkoff Bank, Faster Payments System, Russia, instant payments
Categories:
Countries: World

Related

Sberbank to buy stakes in STC to create a global biometrics company

Published 15 Apr 2019 13:18 CET | World
Sberbank has agreed to acquire a 51% stake in Speech Technology Center (STC) from Gazprombank....

Signifyd launches new product to address chargebacks

Published 01 Mar 2019 10:27 CET | World
Signifyd has announced the availability of its Signifyd Chargeback Recovery, to allow merchants to address every type of chargeback....

Tradeshift partners with Transfermate on commercial cross-border payments

Published 28 Feb 2019 14:23 CET | World
Tradeshift, supply chain payments and marketplaces company, has announced a new app integration from TransferMate Global Payments....

ACI Worldwide to acquire Western Unions Speedpay

Published 28 Feb 2019 14:13 CET | World
ACI Worldwide and The Western Union Company have announced they have entered into a definitive agreement for ACI to acquire Speedpay....

Blockpass integrates with Hong Kong-based Legacy Trust

Published 28 Feb 2019 13:41 CET | World
Digital identity verification solution Blockpass has integrated its KYC Connect solution into the Legacy Trust customer onboarding procedure....

Asendia Group acquires wnDirect as part of its global ecommerce strategy

Published 28 Feb 2019 09:52 CET | World
Asendia Group has announced the acquisition of wnDirect to create a new ecommerce focused business....