| Developers: | Central Bank of the Russian Federation |
| Branches: | Government and Social Services, Financial Services, Investments and Auditing |
Content |
History
2024: The volume of transfers through the payment system for the year increased by 29.5% and reached ₽4,57 quadrillion
The Bank of Russia payment system in 2024 processed money transfers totaling ₽4,57 quadrillion, which is 29.5% more than in 2023, when the volume was ₽3,53 quadrillion. The number of transactions increased 1.7 times and reached 15.1 billion transfers against 8.3 billion in the previous year. This became known on July 30, 2025.
According to TASS, a significant increase in the number of transfers through the payment system of the regulator is due to the continuing dynamic growth in the number of transactions carried out through the Fast Payment System. The figure increased 1.9 times compared to 2023.
On average, 42.6 million transfers worth ₽15,9 trillion were made daily through the Bank of Russia payment system. These indicators indicate the growing popularity of digital payment instruments among Russian users.
The total volume of funds transferred was dominated by transfers using the urgent transfer service, which amounted to 90.3%. In terms of the number of transactions, transfers using the fast payment service were in the lead - 88.1% of the total number of transactions.
The Bank of Russia payment system is an integral part of the country's national payment system. At the legislative level, it is recognized as a systemically significant payment system through which the monetary and budgetary policy of Russia is implemented.
Within the framework of the payment system of the regulator, on behalf of the participants, funds are transferred to accounts opened in the Central Bank. The participants of the system are credit organizations, the Federal Treasury and its territorial bodies.
The system ensures the completion of payments for money transfers using payment cards carried out in Russia. Through it, a mechanism is implemented to complete settlements on transactions made in financial markets.[1]
Notes
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