Central Banking

Real-time payment system operational in Russia

RUSSIA - Natalia Kochetkova, director of the payment systems and clearance department of the Central Bank announced that the bank had put into operation a system for the processing of payments in real time in Moscow and the Moscow Region.

According to Kochetkova, the Moscow Region is concentrating 74% of all payments into transfers through the Central Bank. Formerly, banks of the Moscow Region could transfer payments only through the multi-level processing system.