• 12 Neglinnaya Street, Moscow, 107016 Russia
  • 8 800 300-30-00
  • www.cbr.ru
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Faster Payments System (SBP)

The Faster Payments System (SBP) is a service that allows individuals to make interbank transfers using a mobile phone number. It operates 24/7/365. Transfer fees are either low or zero. More than 200 banks, including the largest ones, are already connected to the system. SBP users can receive payments from organisations and pay for purchases using QR codes or other instruments.

SBP was jointly developed by the Bank of Russia and the National Payment Card System (NSPK). The Bank of Russia is the operator and settlement centre of SBP, and NSPK acts as the operations and payment clearing centre.

Department responsible for publication: National Payment System Department
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Last updated on: 07.10.2022