Credit organizations launch transfers between legal entities through the fast payment system (FPS). Raiffeisenbank and Delobank were the first to pilot this functionality, their representatives told Izvestia.
The new service will allow legal entities, including individual entrepreneurs, to execute and receive payments instantly, around the clock, including on weekends and holidays, said Irina Kuzmina, Director of Delobank. Now payments between companies are made only during working hours on weekdays. The functionality will allow you to transfer funds instantly, while now B2B payments go from several hours to days, added in Raiffeisenbank.
“Thanks to the new SBP service, the business will receive a convenient and profitable payment instrument that is available in 365x24x7 mode even on weekends and holidays. An important advantage of B2B transfers is that funds are credited to the recipient’s account instantly. Companies in our country with many time zones will be able to build a continuous business without worrying about the availability of interbank settlements, ”the NSPK told Izvestia.
They also plan to launch a transfer service between legal entities via SBP in 2022 in MKB, PSB, Gazprombank, Absolute, Otkritie, Post Bank, MTS Bank and Rosbank, their representatives told Izvestia. UBRD is interested in this service, but the timing of its implementation has not yet been set.
More details – in the exclusive material of Izvestia:
“It passed instantly: banks are launching transfers between legal entities through the SBP”