The head of the Central Bank named two factors that contribute to this: the first is “the desire for anonymity, and only cash now gives ... this anonymity”, the second - “trust in financial institutions, the stability of financial institutions, because problems with banks still happen” .
She also explained why bank cards will not go out of use.
Nabiullina noted that even if biometric acquiring is developed, “when you come to the store, you don’t need either a smartphone or a plastic card, read your biometric data, you take products and leave, you won’t be able to do this if you went for the border. "
Otherwise, as Nabiullina states, “it should be a matter of countries exchanging biometric data,” which, in her opinion, “is very difficult to imagine in the current conditions.”
In August, it was reported that Sberbank was preparing to introduce a new payment service in stores using biometric data from customers.