Post: Central Bank plans to initiate SPB transfers with some EAEU countries in 2023

Logo of the fast payment system on the screen of a smartphone. archive photo

At the end of 2023, the Central Bank plans to initiate SPB transfers with several EAEU countries.

MOSCOW, November 29 – RIA Novosti. The Central Bank of Russia plans to implement inter-system interaction of the fast payment system with several countries of the Eurasian Economic Union (EAEU) at the end of 2023. project Regulatory “Main directions of development of the financial market of the Russian Federation for 2023-2025”.

“The initiation of cross-border transfers using SBP is also being worked on, separate operations are already underway under one of the implementation plans. By the end of 2023, it is planned to implement the systems interaction of the SBP with several EAEU countries,” says the document.

As stated in the document in general, Bank of Russia will continue to improve its FPS services.

“The ability to make online payments through the SBP is planned to be scaled up to the budget system (C2G) of the Russian Federation, including the payment of taxes, fines, fees and charges, and to contribute to the expansion of support for this service by credit institutions. Also, in SBP, the state’s support to citizens is planned. It is planned to implement a service (G2C service) for online payment, which will increase the efficiency of receiving payments from the budget.”

Source: Ria

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