All news

Financial messaging system comprising 556 participants — Bank of Russia

The financial messaging system of the Bank of Russia became the main channel for financial information exchange when making payments inside Russia with the use of correspondent accounts

MOSCOW, March 29. /TASS/. The System for Transfer of Financial Messages of the Bank of Russia comprised 556 participants from twenty countries as of 2023 year-end, the regulator said in its published annual report.

"Foreign participants remained highly interest in the System for Transfer of Financial Messages. As of the reporting year-end, 556 organizations were users of the System for Transfer of Financial Messages, with nonresidents accounted for more than a quarter of them (159 foreign entities from twenty countries)," the Central Bank said.

The financial messaging system of the Bank of Russia became the main channel for financial information exchange when making payments inside Russia with the use of correspondent accounts.