Assessment of KoronaPay payment system

From 3 July through 1 December 2017, the Bank of Russia undertook, in accordance with Russian legislation, its regular assessment of KoronaPay, a socially important payment system, for its compliance with the international standard ‘Principles for Financial Market Infrastructures’ (the Principles for FMIs). The Bank of Russia recommends that national important payment system operators be compliant with the standard developed by the Committee on Payments and Market Infrastructures of the Bank for International Settlements jointly with International Organization of Securities Commissions.

The assessment confirms the Bank of Russia’s previous assessment findings that KoronaPay is highly compliant with the Principles for FMIs.

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