ArmInfo. VTB plans to launch a pilot project for cross-border transfers of individuals to the CIS countries through the Faster Payments System (FPS) this autumn. Anatoly Pechatnikov, Deputy Chairman-Mgmt Board at VTB Bank, said this in an interview with the Rossiya 24 TV channel.
In this regard, he noted that today the share of FPS in the total volume of transfers between individuals in Russia already exceeds 70%. , all you need is the recipient's phone number. We expect that on the horizon of three years, the FPS will account for up to half of all cross-border transfers to those countries that support the technology>, he said. As a VTB representative noted, the transfers will be available in rubles, the correspondent bank will convert them into the national currency, the amount of the commission will be approved additionally. Transfers will be made through the application using a phone number to an account opened in VTB partner countries. According to Pechatnikov, the second alternative will be the transfer to neighboring countries by card number. The Bank's clients will be able to use this service already in the third quarter.
It should be noted that VTB Bank PJSC, the second largest in Russia, owns 100% of the shares of VTB Bank (Armenia).VTB Bank (Armenia) is among the leading banks in terms of key balance indicators in the Armenian banking market (total capital, assets, liabilities, deposits of individuals, loan investments), holds leadership in consumer loans and is in the TOP-5 in agricultural loans. The Bank traditionally holds the lead in coverage of the branch network. VTB Bank (Armenia) is one of the leaders in terms of money transfers in Armenia. In January-September 2021, the number of money transfers serviced by the bank reached 500,000, exceeding the indicator of a year ago by 34%.
