Alla Bakina, Bank of Russia: “The Digital ruble and the universal NSPK QR code are inter-related”

We discuss with Alla Bakina, Head of the Bank of Russia's Payment System Department, how the introduction of the Bank of Russia's digital ruble will impact banks and the payments market, whether traditional banks are at risk of extinction, how the universal NSPK QR code works, the reasons for the decline in popularity of bank cards, and key trends in the payments industry.

We discuss with Alla Bakina, Head of the Bank of Russia's Payment System Department, how the introduction of the Bank of Russia's digital ruble will impact banks and the payments market, whether traditional banks are at risk of extinction, how the universal NSPK QR code works, the reasons for the decline in popularity of bank cards, and key trends in the payments industry.