Recorded a high proportion of unsuccessful transfers to Sberbank through SBP

Banks recorded a significant growth in the share of failed money transfers through the System fast payments (SBP) introduced by the Central Bank of the Russian Federation, after it was joined by Sberbank.

the Main cause of failure in operations — additional consent to receive transfers via the SBP, which the savings Bank requests from their customers, according to RBC with reference to the representatives of the credit organizations.

at the end of March the savings Bank has begun to connect its customers to the CBP and by the end of may, according to the Bank, hooked up to all of its customers. Initially joining the system, the savings Bank did not want, but was forced to do it because of the made to the legislation amendments required to connect to the ACS systemically important banks.

Recall that the System of quick payments (SBP) service, which began operating in late 2019 and allows individuals immediately (24/7) to transfer money to the mobile phone number of yourself or others, regardless of which Bank accounts of the sender or recipient of the funds. This requires that these banks were connected to the System of quick payments. Access to the system is possible through a mobile app banks connected to SBP as on a smartphone or tablet and computer. In addition, through ACS you can pay for goods and services through a QR code. Currently the system has approximately 40 participants, to connect even preparing up to 160 credit institutions.

In late February, the Board of Directors of the Central Bank of Russia took a decision to reset from April 1, 2020 to June 30, 2022 their rates for the banks in the System of quick payments transfers between individuals. As explained by the regulator, “this will allow credit institutions to provide their customers — individuals translation services in SBP also free or at minimum rates”.

last year, banks have acted a grace period, when the Central Bank did not take with them boardsfor operation in the SBP, free they were until January 1, 2020, but then the regulator began to take a Commission equally as the sending Bank and beneficiary Bank.

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