In the third quarter of 2024, the number of companies enabling payments through the Faster Payments System (SBP) saw a 13% increase, according to data from the Bank of Russia.
By October 2024, over two million enterprises were accepting payments via the SBP. This includes 1.7 million small and medium-sized enterprises (SMEs), which represents more than a quarter of all Russian small companies.
The service is also gaining popularity among individuals. Currently, four out of ten people prefer using the SBP for their transactions. Nearly 11 million purchases are made daily through this system, accounting for approximately 28% of all transactions conducted via the SBP each day.