Sber Launches Crypto Payments for Business
Sber has launched international cryptocurrency payments for corporate clients, enabling fast, low-cost cross-border transactions with automatic reporting and no minimum transfer limits. The service became available after the entry into force of Russia's new digital currencies law on September 1, 2026.
Consensus
- Sber has launched international cryptocurrency payments for corporate customers.
- The service is available to legal entities engaged in foreign economic activity.
- Transactions are fast, taking only minutes, and have no minimum transfer limit.
- The average transaction cost is 0.3%.
- Documentation for banks and foreign exchange control is generated automatically during transactions.
- The service was tested in a pilot project under the supervision of the Central Bank starting in September 2024.
- The new law on digital currencies and digital rights entered into force on September 1, 2026.
- The law creates a comprehensive regulatory framework for cryptocurrency circulation in Russia.
- International cryptocurrency payments are already common in the EU, UK, Hong Kong, UAE, Iran, Japan, Turkey, and other countries.
Points of divergence
- The service was launched on September 1, 2026, coinciding with the entry into force of the federal law on digital currencies and digital rights. — vesti
- The law on digital currencies entered into force on September 1, 21026, and includes provisions such as allowing crypto exchanges to operate without registration until July 1, 2027, and limiting non-qualified investors to purchasing only the most liquid cryptocurrencies up to 300,000 rubles per year. — vedomosti
- The service was announced at the Eastern Economic Forum and operated in a pilot phase under the Central Bank's supervision from September 2024. — gazeta_spb
- The Central Bank stated that cross-border cryptocurrency transactions are available both through intermediaries and directly for all types of wallets and cryptocurrencies. — interfax
Coverage (4 sources)
- In Sber told about international calculations in cryptocurrency and tariff — Вести
- Myonka78: Sber launched cryptocurrency payments for business - SPb Gazeta - St. Petersburg news — Gazeta.SPb
- Sber launched international crypto payments for business — Ведомости
- Sber launched international crypto settlements for foreign trade — Интерфакс
Key entities
- Sber
- Sber
- Moscow
- Alexander Vedyakhina
- INTERFAX.RU
- Russia
- IT 'News'
- Sberbank
- SPB RU News Newspaper
- Sber of Saint Petersburg
- Vneshtorgbank
- PJSC Sberbank