Business · Companies · 17 hrs ago
Russia's fast-payment transfers forecast to reach 108 trillion rubles in 2026
VTB estimates that transfers through Russia's Fast Payment System will reach 108 trillion rubles in 2026, an 18% rise from the previous year.
The system lets people and businesses make quick payments and transfers, including between bank accounts.
Transfers totalled 49.8 trillion rubles in the first half, up 17% from the same period a year earlier.
VTB expects the second-half total to reach 58.5 trillion rubles, with faster growth than in the first half.
More than 80% of VTB clients who use the service make transfers by phone number, and the system is also being used for everyday payments.
The growing use shows the service has become part of routine financial activity in Russia.
Analysts expect transfer volumes to keep growing in 2027 at a pace close to the increase in household incomes.
VTB experts forecast that transfers through Russia’s Fast Payment System will total 108 trillion rubles in 2026, up 18% from 2025.
The estimate covers customer-to-customer transfers through the system.
Transfers reached 49.8 trillion rubles in the first half of 2026, 17% more than in the same period a year earlier.
VTB expects second-half transfers to reach 58.5 trillion rubles, an 18% year-on-year increase.
Analysts expect transfer volumes to continue growing in 2027 at a pace close to income growth.
- Who
- VTB experts made the forecast. Russian users make the transfers.
- What
- Fast Payment System customer-to-customer transfers are forecast to total 108 trillion rubles in 2026, up 18%.
- When
- The forecast concerns 2026. It was reported on October 29, 2026.
- Where
- Russia.
- Why
- Not stated.
This story does not have two clearly opposing sides.
Transfers through the Fast Payment System totaled 49.8 trillion rubles, up 17% from the same period a year earlier.
VTB forecasts transfers of 58.5 trillion rubles, an 18% increase from the same period in 2025.
Analysts expect transfers to keep growing at a pace close to overall income growth.
- 2026 forecast
- 108 trillion rubles in Fast Payment System transfers
- Annual growth forecast
- 18%
- First-half 2026 transfers
- 49.8 trillion rubles, up 17% year on year
- Second-half 2026 forecast
- 58.5 trillion rubles, up 18% year on year
- VTB clients using phone-number transfers
- More than 80%
3 sources
What people are saying
The Fast Payment System has become an integral part of the lives of Russians, both for transfers and payments. More than 80% of VTB clients transfer by phone number through the system.