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The Central Bank of the Russian Federation registered a new participant in the register of payment system operators – the international system Kwikpay – Rossiyskaya Gazeta

Date: April 17, 2024 Time: 09:41:08

In addition to Russia, the list of countries to which money can be sent includes the CIS countries, several European and Asian countries, including Vietnam and the Philippines.

The application accepts cards from the Mir payment system, as well as Visa and Mastercard.

Kwikpay became the third payment system registered by the Bank of Russia this year. Its operator is Trubnaya SIV.

In April 2023, the Central Bank registered the new payment system Dengi.ru. It also deals with transfers abroad and its operator is the Kazan commercial bank “Bank 131”. Prior to this, in the fall of 2022, the regulator’s registry was replenished with a cross-border transfer system called Astrasend. In March 2023, it changed its operator: instead of the non-bank credit organization Inkakhran, it became Sokolovsky Bank.

Earlier, experts said that within the framework of the BRICS it is necessary to create a payment system similar to SWIFT. According to Valery Abramov, chief researcher at the Research Institute of International Economic Relations of the Financial University of the Government of the Russian Federation, one of the analogues of such a system was created in China. It can be used to make payments. Therefore, Beijing can take the initiative in this matter, Abramov believes. The Golden Crown system also works with international transfers in Russia.

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Hansen Taylor
Hansen Taylor
Hansen Taylor is a full-time editor for ePrimefeed covering sports and movie news.

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