According to Sberbank itself, about 40 million people in the service made 1.4 billion transfers for a total of 7.9 trillion rubles in the first half of 2018. Customers from a credit institution from one region transfer money to each other for free, a bank commission is only charged for transfers to another region.
Last year, Sberbank also allowed Tinkoff Bank and Sovcombank to use its money transfer system via telephone number. Such measures were taken after the Bank of Russia started creating its own fast payment system. As RBC notes, the central bank is trying to connect Sberbank to the fast payment system.
Delegates from the Duma are already considering a bill in which all banks must participate in the SBP. "Individual players want to maintain their monopoly on the market and the profitability of such payments, and this is a serious obstacle to the development of competition in the payment market and to the availability of financial services for the population," said Elvira Central Bank Chairman Nabiullina, without specifying which specific banks involved.
Sberbank does not support the idea of a mandatory connection to the Central Bank's fast payment system. "I have said many times that we are interested in maintaining competitive conditions. No one has given us this system. We actually invented it and introduced it for the first time. This artificial quasi-competition with the help of a regulator does not seem optimal to me, but we are ready for every option, "commented the German bank manager.
At the end of March, Alla Bakina, director of the National Payment System Division of the Bank of Russia, said that around 100 banks had applied for affiliation and that technological training was ongoing. Six of them (Promsvyazbank, Alfa-Bank, VTB, Rosbank, Raiffeisenbank and Gazprombank) already offer services under the fast payment system, some of which are incomplete. RBC sent a request to Sberbank, Otkritie FC, Rosselkhozbank, Moscow Credit Bank and UniCredit Bank.
At the end of March, the Moscow Credit Bank announced that they intended to connect to the Fast Payment System in the second quarter of 2019. Bank Otkrytie FC plans to join the SBP in the second or third quarter of this year.