The Faster Payments System (FPS): advanced, technological and cost saving solution for your business

Transaction volumes in the Faster Payments System have been growing at the level of a 30-50% monthly rate since January 2021.
Raiffeisenbank Russia corporate clients have already decreased their transaction cost of payments by approximately 1-2 Mio EUR in comparison to the standard acquiring.
What is the Faster Payments System and why is it important to know about this technology in Russia?
Georgy Konnov, Head of E-Commerce in CIB, Olga Childinova, Head of Cash Management Sales at Raiffeisenbank as well as Sergey Ivanov, Country Treasury Manager, IKEA Russia, are talking about all specifics of this advanced payment solution.

[@PradipAnchan]

I'm looking forward for India's UPI & Russia's FPS Collaboration ❤️🔥

[@phalgunibhuyan3881]

Self- Reliance on cross border banking payments