SPFS bank payments share in Russia 2018-2020

Published by Statista Research Department, Sep 19, 2023
The domestic payment system SPFS (System for Transfer of Financial Messages) accounted for over one-fifth of bank payments in Russia in 2020. The market share of the interbank communication system, which was an analog to the Society for Worldwide Interbank Financial Telecommunication (SWIFT), was used in 12 countries as of April 2022.

Share of the SPFS in bank payments in Russia from 2018 to 2020

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Release date

February 2022

Region

Russia

Survey time period

2018 to 2020

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