Payment Center

Settlement non-bank credit institution "Payment Center" (LLC), license CENTRAL BANK OF THE RUSSIAN FEDERATION No. 3166-K. RNKO "Payment Center" (LLC) is the operator and settlement center of the payment system Golden Crown"," and also performs the functions of an interbank settlement center. Federal system "City" RNCO "Payment Center" (LLC) in partnership with the Processing Center "" MapStandard offers sponsorship for the entry and further participation of credit institutions in payment systems Visa MasterCard and in the status of an associate/affiliate participant, respectively.

Performance indicators

2024: Revenue growth by 26% to ₽6,7 billion

The revenue of ZAO Zolotaya Corona at the end of 2024 reached ₽6,7 billion, an increase of 26% compared to the level of 2023. Despite the growth in revenues, the company's net profit decreased 1.7 times and amounted to ₽126,9 million. The corresponding financial results were released in the statements published in April 2025.

According to Finmarket, the operator's expenses associated with the cost of sales increased by 24.4% and reached ₽6,5 billion. At the same time, the settlement non-bank credit institution (RNKO) "Payment Center," which is the operator and settlement center of the payment system "Golden Crown," also demonstrated financial changes. RNKO's net profit under RAS in 2024 decreased by 11.6% compared to 2023, to ₽24 billion.

𝓲

Фото: Freepik

Expenses on reserves of RNKO "Payment Center" in 2024 amounted to ₽4,8 billion. For comparison, in 2023 the company dissolved reserves for ₽13,4 billion, which affected the final profit indicators. Net interest income before the creation of reserves in 2024 grew almost 1.9 times, to ₽6 billion, against ₽3,1 billion a year earlier.

Net interest income after the creation of reserves in 2024 amounted to ₽1,1 billion, compared with ₽16,6 billion in 2023. Commission revenues in 2024 increased almost 1.5 times, to ₽14,5 billion, compared with ₽9,7 billion in 2023. Commission expenses increased by 9%, to ₽13,2 billion from ₽12,1 billion in 2023.

Golden Crown provides a money transfer service without opening an account in Russia, in the CIS countries, the European Union and a number of other states. The service network is represented by more than 20 thousand points in 50 countries of the world. Participants and partners of the service are over 300 banks, postal operators and retail chains.^[1]

2023: Profit growth almost doubled to 27.2 billion rubles

In 2023, the net profit of the Settlement Non-Bank Credit Organization (RNKO) Payment Center, which is the operator and settlement center of the Golden Crown payment system, amounted to 27.2 billion rubles. This is almost twice the result for 2022, when a profit of 15.4 billion rubles was shown. The corresponding indicators are reflected in the financial report published on March 18, 2024.

According to Interfax, referring to the data presented, in 2023 the company restored reserves by 13.4 billion rubles. The cost of reserves in 2022 was estimated at 24 billion rubles. The report also says that the net interest income of the Payment Center RNKO before the creation of reserves in 2023 decreased by 24.4% and amounted to 3.1 billion rubles (4.1 billion rubles in 2022). Net interest income after the creation of reserves amounted to 16.6 billion rubles.

𝓲

Фото: Unsplash

Commission income on an annualized basis decreased by 15.6% - from 11.5 billion rubles to 9.7 billion rubles. At the same time, commission costs decreased by 20% - from 15 billion rubles in 2022 to 12 billion rubles in 2023.

It is noted that the Golden Crown is part of the Financial Technology Center Group of Companies and is one of the largest money transfer systems in Russia. As of the beginning of 2024, the platform has more than 30 thousand points in more than 50 countries. The system is available in Russia and other CIS countries, as well as Turkey, Israel, European states and a number of Southeast Asian countries. Participants and partners of the service are banks, postal operators and large retail chains. The total number of downloads of the Korona mobile application, as noted on the platform's website, exceeds 25 million. Money transfers to China to UnionPay cards are possible.^[2]

History

2017: S&P Global Ratings upgraded RNKO Payment Center to BB

The international credit rating service S&P Global Ratings of Standard & Poor's (S&P) on May 23, 2017 increased the long-term credit rating of RNKO Payment Center (LLC), which is the settlement center of the Golden Crown payment system, for obligations in foreign and national currency from BB- to BB. The forecast for changes in ratings is "Stable." The company's short-term rating is confirmed at "B." S&P Global Ratings also raised the rating of RNKO "Payment Center" on the national scale from "ruAA-" to "ruAA."

The rating reflects the status of RNKO Payment Center (LLC) as a "key" subsidiary of the Group, CFT which is the "settlement center of the group for money transfers and payment systems." S&P Global Ratings experts note that the increase in ratings reflects the stable financial performance of the CFT Group in two main segments - remittances and in the development and sale segment, software despite unfavorable operating conditions in the CIS countries where the group operates.

The outlook "Stable" reflects the opinion of S&P Global Ratings analysts on the ability of the CFT Group to maintain its competitive position and stability of the financial risk profile in the next 12-18 months.

Due to the positive assessment of the conservative financial policy of the CFT Group, which implies a zero level of debt, weighted organic growth, and taking into account the strengthening of the characteristics of creditworthiness, the group's credit profile was upgraded by S&P Global Ratings experts from "bb-" to "bb."

Notes