Tinkoff Bank: First adopters of Faster Payments System in Russia
- Tinkoff Bank become an early adopter of the Bank of Russia’s Faster Payments System (FPS) as it continues to build out its payment services ecosystem
- Customers can now make and accept instant payments to and from accounts at any FPS member bank using just a mobile phone number
- All P2P payments from debit cards during the launch period will be free of charge
- The Bank of Russia introduced FPS year to allow instant P2P payments using mobile phone numbers
- The system expanded to allow individuals to pay companies for goods and services in the second half of 2019
