Moscow, July 30. The Bank of Russia will expand the capabilities of…
Moscow, July 30. The Bank of Russia will expand the capabilities of the Fast Payment System (FPS) by adding a service for paying state and municipal services, as well as the ability to top up accounts in other banks via ATMs.
Consensus
- The Central Bank of Russia has approved an instruction expanding the capabilities of the System for Quick Payments (SBP).
- Payments to government and municipal entities through SBP will be free for individuals.
- Banks will not pay commissions to the regulator for processing these transactions.
- The new rules allow payments for kindergartens, clubs, taxes, fines, and other state-related services via SBP on official portals, websites of relevant agencies, and in government service offices.
- A cash-in feature enabling depositing cash through one bank's ATM to another bank’s account will be introduced.
- The instruction has been registered by the Ministry of Justice.
- The implementation dates are 1 April 2027 for major banks and 1 October 2027 for banks with universal licenses.
Points of divergence
- Some banks already provide the service on their own initiative. — fontanka
- The instruction was registered by the Ministry of Justice on 30 July, according to the Central Bank. — vesti
Coverage (2 sources)
- В СБП появится возможность бесплатно оплачивать налоги, штрафы и госуслуги — Фонтанка
- Through SBP it will become easier to pay taxes, fines and children's circles — Вести