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FPS new records: 2022 results

6 February 2023
News

In 2022, the number of shops, where buyers may pay for goods and services using the Faster Payments System (FPS), tripled to exceed half a million. In this way, people paid for 358 million purchases worth 720 billion rubles over the year. By number, it is 26 times more than in the entire previous period of the system’s operation.

The number of FPS users grows along with an increasing popularity of the system — on average by 13–15% from quarter to quarter in the previous year. There were more than 65 million users in the fourth quarter.

Insurers, brokers and other businesses also began to actively use the FPS to transfer payments to their clients. The amount of such transfers exceeded 65 billion rubles.

In total, more than three billion transactions worth 14.4 trillion rubles were carried out in the FPS.

Further details are available in the  Bank of Russia’s material.

Preview photo: Rawpixel / Shutterstock / Fotodom