15:44, 22 August 2022 Page views 393 views

Russian banks are testing salary payments through FPS

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Such details include both a phone number and other unique details of an employee (for example, TIN). The employee will be able to choose the bank-recipient independently, without notifying the employer.

According to Izvestia’s sources on the banking market, five Russian credit institutions are participating in the pilot project.

Absolut Bank, UBRD and Novikombank inform that they are aware of the initiative, clarifying that they are not involved in the pilot. UBRD noted that they were exploring the possibility of implementation of this service for their clients.