SBP (Fast payment system)

2021-06-30 00:00:00:

What is a quick payment system?

The Fast Payment system is a service of the Bank of Russia that allows individuals to make instant transfers by mobile phone number to any bank.

In SBP, funds are debited from the account and to the account (even if no cards are linked to them) instantly, the service operates around the clock all year round. In addition, you do not need to know the recipient's card / account number for the transfer, a phone number is enough for the transfer.

The amount of one transfer or payment is limited by law and should not exceed 500 thousand rubles. At the same time, the participating banks of the SBP may set additional limits on the amounts of transfers or payments in accordance with the internal risk management policy.

To make a transfer, it is enough to have a mobile application of the SBP member bank, know the recipient's mobile phone number and specify the name of his bank.

What should I do if the money has not reached me?

If the money was sent, but did not reach the recipient, the sender must contact his bank.