The Bank of Russia has proposed a discussion on measures to enhance the transparency of the cash-in-transit market, aiming to create equal conditions for participants and support a balanced tariff policy for their services.
Currently, the cash-in-transit market faces an imbalance of interests between service providers and consumers. The digitalization of retail payments has led to a decline in the amount of cash transported. As a result, some service providers have exited the market, while others have raised tariffs and cut costs, often compromising service quality. Consumers have expressed dissatisfaction with prices and difficulties in finding service providers, particularly in remote areas.
The Bank of Russia is considering various regulatory scenarios to maintain the availability of cash across Russia. Among these is the establishment of uniform rules for cash-in-transit service providers. The regulator does not rule out introducing mandatory accreditation requirements and creating an official register for such companies. Another potential measure involves standardizing tariffs for these services.
The paper includes questions for discussion, with answers, comments, and proposals accepted until November 29, 2024.