The Central Bank extended its zero fees for banks in the fast payment system until July 2024

This is stated in the message of the regulator.

“This step will allow credit institutions to maintain minimum rates for transfers through the FPS for customers,” the website says.

The Central Bank recalled that now citizens can transfer up to 100 thousand rubles a month through the SBP free of charge, and for transfers over this amount, the commission of banks should not exceed 0.5% of the transfer (but not more than 1.5 thousand rubles).

Alexander Tsyganov, Head of the Department of Insurance and Social Economics of the Financial University under the Government of Russia, spoke about the situation with non-cash payments in the country.

Last October, Deputy Minister of Economic Development Tatyana Ilyushnikova said that from July to September, small and medium-sized businesses (SMEs) received 21.6 million rubles as compensation for using the fast payment system (FPS) under the state program.