VTB customers make one-third of all transfers via Russia's Faster Payment System

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AK&M 05 March 2021 12:44

Since the start of the year, the share of Russia's Faster Payment System in the total number of transfers made by VTB customers has increased by 6 p.p. to 38.5% from 33% of the total number of transactions. One in every three rubles is transferred via the Faster Payment System, the bank informed.

For the first two months VTB customers made more than 12.6 million transfers amounting to more than RUB 70.7 billion via the system. The number of VTB customers using the Faster Payment System reached 1.8 million at the end of February.

VTB Group is a Russian financial group comprising more than 20 credit and financial companies operating in all the key segments of the financial market. In the CIS, the group is active in Armenia, Ukraine, Belarus, Kazakhstan, Azerbaijan. VTB's banks in Austria, Germany and France are operating as parts of the European sub-holding led by VTB Bank (Austria). Besides, the group has subsidiary and affiliate banks in the UK, Cyprus, Serbia, Georgia and Angola, as well as one VTB branch in China and India, two VTB Capital Plc branches in Singapore and Dubai.