The Bank of Russia has proposed to open access to the Fast Payments System (FPS) for telecom operators, insurers, microfinance organizations and fintech companies as of November 22, 2027, Izvestia writes. The users will be able to pay for purchases directly from the applications of these services, which will make arrangements through special accounts at the central bank or send instructions to the banks. To launch the initiative, it will be necessary to adopt a package of bills, the second reading of which is planned for the spring of 2027.

The Bank of Russia has proposed to open access to the Fast Payments System (FPS) for telecom operators, insurers, microfinance organizations and fintech companies as of November 22, 2027, Izvestia writes. The users will be able to pay for purchases directly from the applications of these services, which will make arrangements through special accounts at the central bank or send instructions to the banks. To launch the initiative, it will be necessary to adopt a package of bills, the second reading of which is planned for the spring of 2027.